New Law to Facilitate Entry of Kazakhstan's Businesses into CIS Markets
Photo: Igor Ulitin, Orda.kz
The new law is expected to make it easier for Kazakhstani businesses to access the markets of other CIS countries, Orda.kz reports.
The law, signed by President Qasym-Jomart Toqayev, is titled "On the Ratification of the Agreement on Free Trade in Services, Establishment, Activities and Implementation of Investments."
The Senate ratified the agreement on April 17.
The essence of the law was explained in the upper house of parliament as follows:
The document is aimed at creating common rules and favorable conditions for service providers and investors from the CIS countries. It will ensure more predictable working conditions, increase the level of investment protection and simplify access to partner markets.
This means that it will now be easier for Kazakhstan's businesses operating in the service sector to enter the markets of other CIS countries.
Original Author: Igor Ulitin
Latest news
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
