Canada-Kazakhstan Foreign Investment Promotion and Protection Agreement Negotiations
Background
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.
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Contact Point
If you have questions or comments, please contact Global Affairs Canada at:
Investment Trade Policy Division (TNI)
Global Affairs Canada
Lester B. Pearson Building
125 Sussex Drive
Ottawa, Ontario K1A 0G2
Fax: 613-944-0679
E-mail: consultations@international.gc.ca
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