Today, the Kazakh-Japanese Business Forum on the topic "Regions of Kazakhstan: Prospects for Japanese investments" began in Tokyo. The forum is held under the auspices of the Ministry of Foreign Affairs and the Embassy of the Republic of Kazakhstan in Japan.

The Kazakhstan delegation was headed by Deputy Minister of Investments and Development Yerlan Khairov. The Forum was attended by representatives of the Government of the Republic of Kazakhstan, the Ministry of Foreign Affairs, NC Kazakh Invest, regional Akimats, as well as Kazakh entrepreneurs.

The Forum participants discuss real examples of achievements in the field of Kazakh-Japanese business relations, investment opportunities in Kazakhstan's regions, issues of Kazakhstan's investment policy and prospects for developing economic relations with Japan.

The Deputy Minister of Investments and Development Yerlan Khairov noted in his speech that Japan is one of Kazakhstan's key strategic partners in East Asia. Relations between our countries are strategic, friendly and confidential.

"We have an intergovernmental commission for trade and economic cooperation and a business council. Since 2015, there is an agreement on the promotion and mutual protection of investments. Moreover, a visa-free regime has been introduced for Japanese citizens in Kazakhstan. A regulatory and legal framework has been created to open direct flights between the Republic of Kazakhstan and the cities of Tokyo, Osaka. All these measures help to promote business contacts and promote trade, economic and social ties between our countries. Japan is one of the largest investors in Kazakhstan. Over the past 10 years, the inflow of direct investment from Japan was 5.5 billion USD,” – Yerlan Khairov said.

According to the Deputy Minister, over the past 10 years, due to the purposeful work to improve the investment climate, the inflow of foreign direct investment into Kazakhstan amounted to more than 250 billion USD.

In addition, the Deputy Minister reminded that this year the National company Kazakh Invest was specially established to attract investments to Kazakhstan, which provides a full range of services to support investment projects from conception to implementation on the one-stop shop principle and acts as a single coordinating center.

Deputy Chairman of the Board of NC Kazakh Invest Zhandos Nurlanov, delivering a presentation on “A New Approach to Attracting Foreign Investors”, noted:

“Japan is one of the most technologically advanced nations in the world. And Kazakhstan is interested in cooperation with Japanese companies, attracting the latest technologies and investments in its economy. I hope that today's Business Forum will give a new impetus to the direct investment interaction of Japanese companies with the regions of Kazakhstan”.

From the Japanese side, the Forum grounds saw political and public figures, diplomats, experts, heads of more than 150 large Japanese companies, such as: Marubeni Corp, METI, NEC, JOGMEC, Tokyo Rope, NYK Group, JETRO, and more. Japanese companies participating in the Forum represent the following branches of the economy: automotive, aviation, cosmonautics, electronics, chemical industry, finance, real estate, freight forwarding and shipping, food products, healthcare, etc.

In addition, during the Forum, representatives of the Kazakh side hold a number of B2B meetings with such companies and organizations as: NH Parking, a company specializing in multi-storey parking, the largest bank SMBC, the trading corporation Sojitz, Panasonic, Fujifilm, as well as representatives of several other business structures.

The Kazakh delegation’s itinerary also includes a visit to the steel pipe factory Haneda Pipe Works Co., Mitsubishi Materials corporation, the world's largest telecommunications corporation NEC and such well-known companies as Sumitomo, Itochu, Mitsui.

Within the framework of the visit, special attention was also paid to the cooperation between countries in the development of the mining and metallurgical complex. It is planned to hold a separate small forum on this topic, as well as a seminar with the companies of MMC in JOGMEC, the Japanese National Corporation for Oil, Gas and Metals.

A number of documents on cooperation between the two countries, such as the Memorandum of Understanding between the regional Akimats and Tokyo Rope and others are expected to be signed at the end of the Forum.

For reference:

In the period from 2005 to early 2016, the gross inflow of direct investment from Japan to Kazakhstan amounted to 5.1 billion USD. As of October 1, 2016, there are 53 representative offices in Kazakhstan with Japanese involvement. In 2015, the trade turnover between the two countries amounted to 1.4 billion USD.

www.primeminister.kz

Published: 31 October 2017

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