AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN AND CABINET OF MINISTERS OF THE KYRGYZ REPUBLIC

of April 19, 2024

About encouragement and mutual protection of investments

The government of the Republic of Kazakhstan and the Cabinet of Ministers of the Kyrgyz Republic which are hereinafter referred to as jointly "Parties" and separately "Party"

wishing to create favorable conditions for closer bilateral economic cooperation and, in particular, for investments of investors of one state in the territory of other state, the equalities based on the principles and mutual advantage;

recognizing the growing value of encouragement and protection of investments for stimulation of investment initiatives and achievement of prosperity in both states;

recognizing that these objectives can be achieved without violation of the national regulations and rules concerning health, safety, environmental protection, work and the principles of corporate social liability for national corporations so that to promote goal achievement of sustainable development;

recognizing importance of technology transfer, creation of workplaces and human resources development as a result of implementation of such investments;

recognizing that each Party reserves the right to regulate foreign investments in the territory of the state and to take necessary measures for providing that the investing activities corresponded to the national legal system, policy and strategies of development for its state;

agreed as follows:

Chapter 1. General provisions

Article 1. Determinations

If other is not established, for the purposes of this agreement the following words and terms have the corresponding values:

1. Investments mean all asset types, one Party and the states of such Party enclosed in the territory of the state of other Party in objects of economic activity according to the current legislation which are in property or controlled directly or indirectly by the investor of the state, and have characteristics of investments, such as capital investments, expectation of the income or profit, acceptance on themselves risk or certain duration, contribution to economic development of the host state, and in particular, include:

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