Kazakhstan ratifies agreement with Kyrgyzstan on mutual protection of investmentsKazakh President Kassym-Jomart Tokayev has signed the law with Kyrgyz Republic on the Promotion and Mutual Protection of Investments, the presidential press service reported.The agreement was signed on April 19, 2024, during the Kyrgyz President's official visit to Astana. The new version of the agreement was proposed by the Kyrgyz side in 2021 due to changes in the structure of the country's executive branch.The purpose of the document is to create favorable conditions for investment activities, stimulate the inflow of foreign direct investment, and improve the economic well-being of the contracting countries.Any dispute shall be settled amicably through consultations and negotiations, the document states. If the dispute cannot be settled amicably, the investor may submit it for resolution to the competent court of the state where the investment was made, or to international arbitration institutions. The arbitral award shall be final and binding upon the disputing parties. (ICE ALMATY)

Fonte notizia: INTERFAX