19.05.2016

Review of main changes in the legislation of the Republic of Kazakhstan related to the accession to the World Trade Organization

In line with GRATA International’s practice of informing our clients on important legal developments that might influence their business,  we would like to draw your attention to some important changes in the laws of the Republic of Kazakhstan regarding the country's accession to the World Trade Organization.

1. Introduction

On 27 July 2015, the Republic of Kazakhstan officially acceded to the World Trade Organization ('WTO'). The accession of Kazakhstan to the WTO was preceded by 19 years of negotiations and discussions aimed, inter alia, at bringing the country's legislation in line with the rules and requirements of the WTO.

The accession of Kazakhstan to the WTO is a logical continuation of the policy aimed at the expansion of the country's trade relations and the active attraction of foreign investments. For local and foreign companies the Kazakhstan's membership in the WTO is not only the expansion of trade relations, but also the opportunity to apply mechanisms offered by the WTO to settle economic disputes.

The WTO accession demanded from Kazakhstan to make a number of significant changes in the national legislation. This document provides for a general overview of the main novelties related to the WTO accession. We expect that the work on the introduction of amendments to the national legislation in connection with the WTO accession will further continue, and we will keep you informed about major changes and amendments. 

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If you have any questions, please contact:

Assel Ilyassova

Partner

ailyassova@gratanet.com

 Yerzhan Yessimkhanov

Partner

YYessimkhanov@gratanet.com

Yerbolat Yerkebulanov

Partner

Yyerkebulanov@gratanet.com

 

Yerzhan Yessimkhanov

Partner, Head of Telecommunication & Transport, Construction & Infrastructure Department

Yerbolat Yerkebulanov

Partner, Head of Subsoil Use Department (Almaty)

Assel Ilyasova

Partner, Head of Tax Law Department