10.06.2009, 15:15 2294

Majilis passed ratification of agreement on encouragement of investments in EurAsEC states

The deputies of Majilis of Parliament of Kazakhstan passed the bill on ratification of the agreement on encouragement and mutual protection of investments in member states of the Eurasian Economic Community (EurAsEc) at the plenary session today, the agency reports.

Astana. June 10. Kazakhstan Today - The deputies of Majilis of Parliament of Kazakhstan passed the bill on ratification of the agreement on encouragement and mutual protection of investments in member states of the Eurasian Economic Community (EurAsEc) at the plenary session today, the agency reports.

According to the conclusion of Majilis Committee for International Affairs, Defense and Security, the agreement has been developed to create and maintain favorable conditions for the investors carrying out investments activity in the territory of the EurAsEC member states. The agreement was signed during the 22nd session of the EurAsEC Interstate Council in Moscow on December 12, 2008.

According to Vice Minister of Industry and Commerce of Kazakhstan, Almas Kosunov, encouragement and mutual protection of investments on the basis of this agreement will promote development of integration processes, economic growth and mutually beneficial trade and economic and scientific and technical cooperation of the states.

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