Monday, August 06, 2012 -
Kyrgyzstan’s Chamber of Commerce and Industry (CCI) will team up with the country’s foreign ministry to help local businesses pull in foreign investment, the CCI said in a statement on Monday.
The two bodies signed an agreement to cooperate on this goal, the Knews.kg agency reported.
Cooperation between the two state bodies intends to increase foreign investment in the struggling Central Asian economy, as well as spread information on domestic production and improve export rates for Kyrgyz goods and services.
The CCI and foreign ministry plan to enact this program by working with business circles within the country and connect them to foreign delegations and enterprises, as well as partners within Kyrgyzstan, to expand their overseas business.
The government bodies aim to increase the number of foreign trade fairs both within the country and in other states to significantly accelerate the rate of FDI in Kyrgyzstan.
The country’s pro-business government is intent on improving its investment climate, despite the obstacles posed by a series of deadly ethnic riots in 2010 and the repeated attacks sustained by foreign gold miners in the country.