Kazakhstan takes half in commerce coverage evaluation of Japan

The Permanent Representative of the Republic of Kazakhstan to
the World Trade Organization (WTO) and International Economic
Organizations Zhanar Aitzhan, made a press release through the Fifteenth
Trade Policy Review of Japan, Kazinform has realized from the press
service of the Kazakh Foreign Ministry, Trend reviews citing Kazinform.

In her speech, Permanent Representative Aitzhan highlighted the
shut financial ties between Kazakhstan and Japan. In specific,
she emphasised the mutual commerce turnover between our international locations, which continued to display regular progress and amounted to 1.9
billion U.S. {dollars} by the top of 2022, growing by 70% in contrast
to 2021.

Japan is among the many high 10 largest traders within the financial system of Kazakhstan, accounting for nearly 8 billion U.S. {dollars} over the previous thirty years. More than 60 enterprises with Japanese capital
efficiently function in Kazakhstan, together with main corporations
akin to Inpex, Sumitomo and Marubeni Corporations.

The Permanent Representative extremely appreciated Japan’s key
commerce and financial reforms geared toward creating a brand new digital market, constructing an innovation ecosystem, accelerating the event of
the enterprise setting in response to world environmental
challenges, and many others.

The Representative of Kazakhstan additionally drew the eye of the
WTO members to Japan’s energetic and constructive participation within the
negotiations on Agriculture, E-commerce, Services Domestic
Regulation, Investment Facilitation for Development and MSMEs.

At the identical time, Permanent Representative Aitzhan supplied
particular suggestions for enhancing some commerce measures utilized
by Japan, together with points on agricultural liberalization so as
to extend competitiveness and strengthen the nation’s commerce
regime.

In basic, the heads of delegations of greater than 40 WTO members
spoke through the occasion, which signifies the significance of
monitoring and reviewing commerce coverage inside the Organization.

Source : Businesslend