Kazakhstan and the Kyrgyz Republic are set
to foster and protect mutual investments. The Mazhilis, the lower house of the
Kazakh Parliament, has ratified an agreement between the governments, which aims
to create a favorable investment climate and encourage foreign direct investment
(FDI). The agreement also provides investors with specific conditions and legal
guarantees establishing important mechanisms, such as access to international
arbitration and fair treatment for foreign investments. Kazakhstan is the
Kyrgyz Republic’s third-largest trading partner, with bilateral trade reaching
$1.7 billion last year. Notably, exports from Kazakhstan increased by nearly 10
percent to $1.3 billion.
«This reflects the stability of our
economic relations. According to the National Bank of Kazakhstan, FDI from the
Kyrgyz Republic reached $4.8 million in the first nine months of 2024, which is
18 percent more than in the same period of 2023. Kazakh investors directed $48
million into the neighboring country over the same period,» said Kazakh Deputy Foreign
Minister Alibek Kuantyrov.
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