Virtual webinar of Astana International Financial Centre (AIFC) and Agency for Strategic Planning and Reforms Held at the US Chamber of Commerce
On December 8, 2020 US-Kazakhstan Business Council hosted a virtual webinar with Astana International Financial Centre (AIFC) and Agency for Strategic Planning and Reforms at the US Chamber of Commerce.
The webinar has conveyed a wide overview of Kazakhstan's investment climate, reforms aimed at improving business climate and measures on protecting foreign investors’ interests in Kazakhstan.
The representatives of the US business have been informed about anti-crisis measures of the Government of Kazakhstan, which are focused on maintaining positive dynamics of the national economy and improving its FDI attractiveness.
Dr. Kairat Kelimbetov, Chairman of the Agency - AIFC Governor, highlighted the AIFC’s special legal status as the first institution in Central Asia to offer businesses a comprehensive legal platform for protecting investments under the principles and norms of the English common law.
In particular, Dr. Kelimbetov mentioned new investment tools and initiatives that are being regularly discussed within the framework of the Foreign Investors’ Council under the President of the Republic of Kazakhstan and the Council for Improving the Investment Climate chaired by the Prime Minister of the Republic of Kazakhstan. Measures to establish a completely renewed regulatory system, to deepen cooperation with American partners and diversify areas of bilateral interaction have been found of particular interest.
In this context, Dr. Kelimbetov laid emphasis on a primary role of the Agency for Strategic Planning and Reforms as a central nexus of the state planning system, as well as its interconnected relation to the recently established Supreme Council for Reforms headed by the President of Kazakhstan.
American business representatives noted that the undertaken steps are timely and brings more opportunities to develop sustainable doing business institutions and foster supporting conditions for foreign investors in Kazakhstan. According to Mr. Khush Choksy, Senior Vice-President the US Chamber of Commerce, these measures would expand horizons of cooperation through new joint projects, and spur on further development of trade and economic cooperation between Kazakhstan and the United States on the eve of 30th anniversary of diplomatic relations.
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The AIFC is a financial hub in Nur-Sultan, Kazakhstan, officially launched on July 5, 2018, which plays a leading role in attracting financial resources for the countries of Central Asia, the Caucasus, Eurasian Economic Union (EAEU), Middle East, Western China, Mongolia and Europe.
The Agency for Strategic Planning and Reforms is the central link in the state planning system and is directly subordinate to and accountable to the President of the Republic of Kazakhstan.
Embassy of Kazakhstan in the USA