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OECD Investment Policy Reviews: Kazakhstan 2012

image of OECD Investment Policy Reviews: Kazakhstan 2012

This review assesses Kazakhstan's ability to comply with the principles of liberalisation, transparency and non-discrimination and to bring its investment policy closer to recognised international standards such as the OECD Declaration on International Investment and Multinational Enterprises. Based on the OECD Policy Framework for Investment, the Review considers the interaction and coherence of investment policy with other areas such as investment facilitation, trade and competition policy as well as responsible business conduct practices critical for enhancing the investment climate.

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Foreign Direct Investment in Kazakhstan

Attracting foreign investors into priority sectors is one of the key platforms for diversifying the economy, yet the evidence from inward investment in non-extractive sectors suggests that much of the work of diversification still remains to be done. While Kazakhstan has performed well in international comparisons, given the small size of its economy and a population of only 16 million – receiving on average USD 11 billion annually over the past five years and with a total stock of inward foreign direct investment (FDI) of almost USD 89 billion at the end of June 2011 or 57% of GDP – both FDI inflows and exports from Kazakhstan are still highly concentrated (more than 70%) in natural resources.

English

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