Parliament ratified agreement on mutual protection of investments in EurAsEC states
The deputies of the Senate of Parliament of Kazakhstan at the plenary session passed the Law on Ratification of the Agreement on Encouragement and Mutual Protection of Investments in the member states of the Eurasian Economic Community (EurAsEC), the agency reports.
Astana. June 22. Kazakhstan Today - The deputies of the Senate of Parliament of Kazakhstan at the plenary session passed the Law on Ratification of the Agreement on Encouragement and Mutual Protection of Investments in the member states of the Eurasian Economic Community (EurAsEC), the agency reports.
According to the conclusion of the Senate Committee for International Relations, Defense and Security, the agreement has been developed to create and maintain favorable conditions for the investors carrying out investment activities in the territories of the EurAsEC member states. The agreement was signed during the 22nd session of the Interstate Council of the Eurasian Economic Community in Moscow on December 12, 2008.
According to the Minister of Industry and Commerce of Kazakhstan, Aset Isekeshev, encouragement and mutual protection of investments based on this agreement will promote development of integration processes, economic growth, and mutually beneficial trade, economic, scientific, and technical cooperation of the states.
"The norms of the agreement give the investors a number of rights promoting favorable and safe investment climate for investments carried out in the territory of these states," A. Isekeshev informed.
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Images | primeminister.kz
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