Arman Shakkaliyev, Minister of Trade and Integration of the Republic of Kazakhstan, stated that investment from United Arabian Emirates give his country good opportunities to make growth of bilateral trade relations.<\/p>\n\n\n\n
\u2018\u2019 We get some great plans to unlimit our trade for three times to $1 billion,\u2019\u2019 Shakkaliyev told Emirates News Agency (WAM) on the sidelines of the UNCTAD’s 8th World Investment Forum, which came to a close on 20th October In Abu Dhabi.<\/p>\n\n\n\n
During the forum, Shakkaliyev said:\u2019\u2019 We discussed investment in environmental, social and governance (ESG) and climate change agenda and as a representative of Kazakhstan, I showed our plans about new trade roads from the Caspian Sea to Abu Dhabi and Dubai ports in the UAE. It is very important that new road connects Central Asia as an agricultural hub and give us new challenges to open regional markets. I think that this type of events give us clear understanding of what conditions under which government invite investors.”<\/p>\n\n\n\n
\u2018The key direction of Kazakhstan\u2019s investment policy is to increase competitiveness, create optimal conditions for investors, and attract investment in non-resource-based export-oriented sectors of the economy,\u2019\u2019 he explained, noting that last year, Kazakhstan implemented 46 investment projects with the participation of foreign capital worth $4 billion, generating 6,500 jobs.<\/p>\n\n\n\n
Speaking about investment environment in Kazakhstan, Shakkaliyev said a system of investment preferences has been established by law, providing for exemption from customs duties, various tax benefits (subsidies, exemption from corporate income tax, VAT, land tax and property tax), in kind grants and non-financial.
\n\u2018\u2019 Infrastructure and a wide range of investment preferences have been created in the territories of 14 special economic zones. A new tool of state support has been introduced and an investment agreement, which can be concluded directly with the Government, gives individual benefits and legislative stability for up to 25 years.\u2019\u2019<\/p>\n\n\n\n
In this regard, he added: \u2018\u2019 We are focused on attracting investment in the development of transport and logistics. Kazakhstan has become a vital transport and logistics centre in Eurasia, offering 11 international transit routes, five railways and six roads.\u2019\u2019<\/p>\n\n\n\n
This, he further added, has resulted in time transportation being cut by more than twice compared to sea routes from Asia to Europe.<\/p>\n\n\n\n
\u2018\u2019We have started to work with large logistics companies such as Simatech Shipping & Forwarding and Abu Dhabi Ports Group to develop a new transport route for the supply of agricultural goods from the Kazakh port of Kuryk to the Gulf countries. This route will allow Kazakh exporters to deliver their goods in three days through UAE ports and onwards to all key ports in India, Pakistan, Asia-Pacific countries and the east coast of Africa,” the Kazakh minister continued.<\/p>\n\n\n\n
\u2018\u2019 In addition, we are interested in implementing joint investment and technological projects in the agro-industrial complex of Kazakhstan. As one of the world’s largest agricultural exporters, Kazakhstan is committed to using its agricultural potential to address global food shortages.
\nKazakhstan strives to facilitate investment and trade through the application of the core principles of transparency, predictability and efficiency in trade and investment processes.\u2019\u2019<\/p>\n\n\n\n
\u2018\u2019Improving the investment climate, opening dialogue with investors, improving infrastructure to attract investment are the strategic directions of the Government\u2019s work, and one of the most important conditions for the success of the modernization course being carried out in the country,” he concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Arman Shakkaliyev, Minister of Trade and Integration of the Republic of Kazakhstan, stated that investment from United Arabian Emirates give his country good opportunities to make growth of bilateral trade relations. \u2018\u2019 We get some great plans to unlimit our trade for three times to $1 billion,\u2019\u2019 Shakkaliyev told Emirates News Agency (WAM) on the …<\/p>\n","protected":false},"author":4,"featured_media":56128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56127","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/56127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=56127"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/56127\/revisions"}],"predecessor-version":[{"id":56129,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/56127\/revisions\/56129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/56128"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=56127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=56127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=56127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}