Kazakhstan, EEU, China to cooperate in fields of agriculture, energy, transport

Business Materials 17 April 2019 14:14 (UTC +04:00)

Baku, Azerbaijan, Apr 17

By Fakhri Vakilov - Trend:

The Parliament of Kazakhstan approved the ratification of the agreement of the country with the EEU and China on trade and economic cooperation, Trend reports via Kazakh media.

The contract creates conditions for improving mutual trade, but does not provide for the abolition and reduction of duties in mutual trade.

The Minister of National Economy of Kazakhstan, Ruslan Dalenov, at a plenary session in parliament, said that the agreement also covers issues of customs cooperation, protection of intellectual property rights.

Moreover, it provides for the exchange of information on the application of measures to protect the domestic market and provided subsidies.

In the area of ​​electronic commerce, the agreement provides for the protection of the rights of consumers and their personal data.

The document provides the main directions of development of sectorial cooperation.

Dalenov specified that agriculture, energy, transport, industrial cooperation, technology and innovation, finance and the environment were determined as the main directions for the development of sectorial cooperation within the framework of the agreement.

The deepening of cooperation in these areas will enhance the innovative activity, investment attractiveness and competitiveness of the participating countries.


Follow author on Twitter:@vakilovfaxri