MAJILIS RATIFIED AGREEMENT BETWEEN KAZAKHSTAN AND ARMENIA ON ENCOURAGEMENT OF INVESTMENTS

Gazeta.KZ
March 31 2010
Kazakhstan

Astana. March 31. Kazakhstan Today – The deputies of Majilis of
Parliament at the plenary session today passed the bill on ratification
of the agreement between the government of the Republic of Kazakhstan
and the Republic of Armenia on encouragement and mutual protection
of investments, the agency reports.

According to the conclusion of Majilis Committee for International
Affairs, Defence and Security, the agreement between the government of
the Republic of Kazakhstan and the Republic of Armenia on encouragement
and mutual protection of investments was signed on November 6,
2006. The agreement was signed for the purpose of improvement of
an investment climate of two countries and further development of
mutually beneficial trade and economic cooperation.

According to article 2, each party encourages and creates favorable
conditions in the territory for investments of investors of the other
state and provides fair and equal opportunities for circulation of
investments and incomes of investors of the other state.