Canada and Kazakhstan have agreed to begin negotiations towards a Foreign Investment Promotion and Protection Agreement (FIPA). The parties have pledged to work together to conclude an agreement in a timely manner. The first round of negotiations took place in June 2011 in Astana.
A bilateral FIPA will provide greater predictability and certainty for Canadian investors considering investment opportunities in Kazakhstan. Canada’s objective in entering these negotiations is to secure a comprehensive, high-quality agreement which will protect investors through the establishment of a framework of legally binding rights and obligations.
The stock of Canadian direct investment in Kazakhstan was $2.3 billion at the end of 2010. Key sectors of interest are minerals as well as oil and gas.
If you have questions or comments, please contact Foreign Affairs and International Trade Canada at:
Investment Trade Policy Division (TNI)
Foreign Affairs and International Trade Canada
Lester B. Pearson Building
125 Sussex Drive
Ottawa, Ontario K1A 0G2