Foreign Investors’ Council Plenary session chaired by the President of Kazakhstan Kassym-Jomart Tokayev

Today, the Place of Independence in Kazakhstan hosted the 32nd plenary session of the Foreign Investors’ Council Plenary session chaired by the President of the Republic of Kazakhstan Kassym-Jomart Tokayev, dedicated to the theme of “Human capital development”.

The Council is a unique platform under the chairmanship of the Kazakh President. It was founded in 1998 to provide a direct dialogue between the Kazakh Government and foreign investors for efficient solution of challenging issues due to their investment activities in the country and improvement the country’s investment climate.

The event was attended by Prime Minister Asker Mamin and Minister of foreign Affairs of Kazakhstan Beibut Atamkulov.

Also, the participants of the plenary session of the council were the order 300 heads of state bodies, national and large transnational companies, representatives of international organizations including from Norway, Sweden and Denmark.

The main tasks of the Council are to develop recommendations and proposals for consideration by the President and the Government of Kazakstan on key aspects of investment policy and economic development of the country, Including

Determination of the main directions of investment policy of the Republic of Kazakhstan,

  • Improving the investment climate in the country by identifying problematic issues faced by international companies that have already invested in Kazakhstan,
  • Improvement of the regulatory framework of the Republic of Kazakhstan,
  • Creation of favorable investments and legal conditions for economic diversification, industrialization of the industrial sector, development of small and medium-sized business,
  • Future integration of the economy of the Republic of Kazakhstan not the world economic processes,
  • Strategies to attract additional foreign investments in the economy of the Republic of Kazakhstan,
  • Other important issues for both the Republic of Kazakhstan and investors.

Opening the meeting, the Head of State noted that Kazakhstan has created all the necessary base for investments in human education from birth and throughout life.

During the meeting, minister of foreign Affairs of Kazakhstan B. Atamkulov made a report on the work done in the execution of Protocol orders of the 31st plenary session of the Council, Minister of education and science of Kazakhstan A. Aimagambetovna on the Development of human capital, Chairman of the supreme court of Kazakhstan Zh. Asanov, President of the European Bank for reconstruction and development Sir Suma Chakrabarti and the chairman of the Board of the Association “Kazakhstan Council of foreign investors, Agris Freimanis with the recommendations of the foreign party to the council on the implementations of the investment policy, energy, environment, oil and gas industry, labour legislation, human capital development and attraction of foreign labour.

Following the meeting, the Head of state insisted the Government to consider and take into account all the recommendations of the working groups of the council of foreign investors and the proposals of speakers voiced during the meeting.

Let us remind that the Council of Kazakhstan includes members of the government of The country, heads of JSC “Baiterek” and NCE “Atameken” as well as the heads of 32 transnational foreign companies and international organizations, 5 foreign observers.

The President of the European Bank for Reconstruction and Development (EBRD), voiced his support for policy of President of Kazakhstan Kassym-Jomart Tokayev on the country’s further development.

Addressing the 32nd plenary session of the Foreign Investors’ Council the EBRD President highlighted the great role of First President of Kazakhstan-Leader of the Nation Nursultan Nazarbayev in the country’s development. He also voiced support for President Tokayev. “I would like to congratulate the First President and his colleagues on smooth transition to the next generation of leaders and express my deepest support for the new President and his vision on the country’s future,” Suma Chakrabarti said.

The exchange of views and recommendations of the Council members is carried out at the annual plenary session of the Council, chaired by the President of the Republic of Kazakstan.