Kazakhstan strengthens cooperation with UN

Kazakhstan is expanding cooperation with the United Nations. The Senate Committee approved the bill on ratification of the agreement between the government of the republic and the UN regarding administrative and financial procedures for the Sub-Regional Office for North and Central Asia. The agreement identifies the country's responsibilities in provisioning the office of the UN Economic and Social Commission for Asia and the Pacific (ESCAP) in Almaty. The republic will annually allocate US$100,000 from its budget to cover the expenses related to its activities.


 - Ratification will allow Kazakhstan to focus its commitment on the goals of ESCAP as well as to strengthen social and economic cooperation with the countries of the Asia-Pacific region. The sub-regional office fits into the concept of the UN hub on multilateral diplomacy, established at the initiative of the Kazakh President. The hub in Almaty is designed to enhance the effectiveness of the UN and its programs in Central Asia.

The senators approved the protocol with the government of Azerbaijan on the avoidance of double taxation and prevention of tax evasion. According to Kazakh Finance Minister Bakhyt Sultanov, the amendments will allow developing cooperation between the tax services of the two countries through the exchange of information. Moreover, it will allow applying domestic legislation in cases of evasion and abuse of norms.


 - I want to highlight an important role of this protocol as a legislative base in tax issues between the two states. Over the past 10 years the trade turnover between Kazakhstan and Azerbaijan amounted to US$3.2 billion. Investments from Azerbaijan to Kazakhstan were estimated at US$168.7 million over the past 10 years.