OECD Investment Policy Reviews: Kazakhstan 2017

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Published on June 15, 2017

This review, which was prepared in response to Kazakhstan's 2012 request to adhere to the Declaration on International Investment and Multinational Enterprises (OECD Declaration), analyses the general framework for investment as well as most recent reforms, and shows where further efforts are necessary. It assesses Kazakhstan’s ability to comply with the principles of openness, transparency and non-discrimination and its policy convergence with the OECD Declaration, including responsible business conduct practices. Capitalising on the OECD Policy Framework for Investment, this review studies other policy areas that are of key relevance to investment such as SME policy, infrastructure development, trade policy as well as anti-corruption efforts. Since the first review of Kazakhstan, in 2012, the authorities have made strides in opening the country to international investment and in improving the policy framework for investment as part of their efforts to diversify the economy to avoid continued overreliance on oil. Additional policy measures are nevertheless required to create a stimulating environment for investment if the government wants to fulfil its goal of economic diversification and sustainable development.


Acronyms and abbreviations
Executive summary
Assessment and recommendations
Foreign direct investment performance and Kazakhstan's economic development
Kazakstan's investment regime
The policy framework for the balancing of investor protection and the government's power to regulate
Kazakhstan's tax policy
Investment promotion and facilitation in Kazakhstan
Trade policy and the impact of WTO entry
Responsible business conduct in Kazakhstan and the OECD Guidelines for Multinational Enterprises
Annexes2 chapters available
Kazakhstan's exceptions to national treatment in the meaning of the OECD Declaration on International Investment and Multinational Enterprises
Measures notified by Kazakhstan for transparency in the meaning of the OECD Declaration on International Investment and Multinational Enterprises
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About the Investment Policy Reviews

OECD Investment Policy Reviews present an overview of investment trends and policies in the countries reviewed. This can include investment policy, investment promotion and facilitation, competition, trade, taxation, corporate governance, finance, infrastructure, developing human resources, policies to promote responsible business conduct, investment in support of green growth, and broader issues of public governance.

OECD Investment Policy Reviews


Policy Framework for Investment


OECD Guidelines for Multinational Enterprises

Launch event

15 June 2017 - Astana, Kazakhstan

The Investment Policy Review was officially launched in Astana during the Astana Economic Forum in the “Building Institutional Environment for Sustainable Growth” session on 15 June 2017 in the presence of Mr. Yerlan Khairov, Vice Minister for Investments and Development of the Republic of Kazakhstan.


Press release