Kyrgyzstan, Japan agree to start formal negotiations on agreement on investment protection

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Bishkek, Nov. 14, 2017 /Kabar/. Minister of Economy Artem Novikov met with Ambassador of Japan to the Kyrgyz Republic Yoshihiro Yamamura, the press service of the Ministry of Economy of the Kyrgyz Republic reported.

During the meeting, the sides discussed the main achievements of bilateral cooperation, as well as the necessary measures for the development of trade and economic relations between the two countries.

Novikov said that for many years Japan has been and continues to be one of the most friendly and reliable partners for Kyrgyzstan. At the same time he stressed that the official visits of President of the Kyrgyz Republic Atambayev and Japanese Prime Minister S. Abe took the relations to a new level and laid the foundation for a planned increase in interstate cooperation.

At the same time, the Minister expressed concern that, despite the general positive dynamics of cooperation, the existing potential in the trade and economic aspect is not being used to the full. In this context, it is extremely important to direct joint efforts to develop and intensify these areas, said the Kyrgyz Minister.

In turn, the ambassador expressed his satisfaction with the fact that the Kyrgyz side attaches great importance to the development of economic and cultural ties with Japan. At the same time, Yamamura assured the Kyrgyz side of the readiness of cooperation in these areas.

Also, during the meeting the sides discussed the issues of interaction in the line of business communities, in particular, the growing interest of Japanese companies in entering the Kyrgyz market and implementing joint initiatives.

At the end of the meeting, the sides agreed on the need to create a regulatory and legal framework for strengthening investment cooperation and agreed to start formal negotiations on the conclusion of a bilateral agreement on the protection and promotion of investments.

As expected, this Agreement will serve as an important element and an additional incentive for the involvement of Japanese companies in the Kyrgyz Republic.

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