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Kazakhstan to adopt strategic framework for foreign investment

Business Materials 11 August 2010 10:48 (UTC +04:00)

Kazakhstan, Astana, Aug. 11 / Trend S.Suleymanov /

The Kazakh government plans to adopt a strategic framework for foreign investment until 2020, OSCE Chairperson-in-Office, Kazakh Secretary of State and Foreign Minister Kanat Saudabayev said today during talks with his Japanese counterpart Kazuo Okada.

"Saudabayev told our minister that the government plans to adopt a strategic framework for foreign investment until 2020, which welcomes investments in Kazakh economic development," Japanese Foreign Ministry spokesman Kazuo Kodama said.

During the talks, Saudabayev said Japanese investments should become more diversified and not focus solely on mineral resources, he added. 

"Saudabayev also noted that Kazakh-Japanese cooperation could be better," Kodama said. "He said the trade turnover between our countries reached 1.7 billion in 2008, while trade turnover between Kazakhstan and China hit $11.8 billion."

He stressed that the two ministers agreed that both governments should make every effort to guarantee more dynamic development and cooperation.

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