Kazakhstan Takes Part In Trade Policy Review Of Japan
(MENAFN- Trend News Agency) The Permanent Representative of the Republic of Kazakhstan to
the World Trade Organization (WTO) and International Economic
Organizations Zhanar Aitzhan, made a statement during the Fifteenth
Trade Policy Review of Japan, Kazinform has learned from the press
service of the Kazakh Foreign Ministry, trend reports citing kazinform .
In her speech, Permanent Representative Aitzhan highlighted the
close economic ties between Kazakhstan and Japan. In particular,
she emphasized the mutual trade turnover between our countries,
which continued to demonstrate steady growth and amounted to 1.9
billion U.S. dollars by the end of 2022, increasing by 70% compared
to 2021.
Japan is among the top 10 largest investors in the economy of
Kazakhstan, accounting for almost 8 billion U.S. dollars over the
past thirty years. More than 60 enterprises with Japanese capital
successfully operate in Kazakhstan, including leading companies
such as Inpex, Sumitomo and Marubeni Corporations.
The Permanent Representative highly appreciated Japan's key
trade and economic reforms aimed at creating a new digital market,
building an innovation ecosystem, accelerating the development of
the business environment in response to global environmental
challenges, etc.
The Representative of Kazakhstan also drew the attention of the
WTO members to Japan's active and constructive participation in the
negotiations on Agriculture, E-commerce, Services Domestic
Regulation, Investment Facilitation for Development and MSMEs.
At the same time, Permanent Representative Aitzhan provided
specific recommendations for improving some trade measures applied
by Japan, including issues on agricultural liberalization in order
to increase competitiveness and strengthen the country's trade
regime.
In general, the heads of delegations of more than 40 WTO members
spoke during the event, which indicates the importance of
monitoring and reviewing trade policy within the Organization.
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