News

Economy

Staff Reporter

, Singapore

Published:

3 years ago

257 views

MTI photo and caption: Minister for Manpower and Second Minister for Trade and Industry Tan See Leng and Kazakhstan Deputy Prime Minister and Minister of Trade and Integration Serik Zhumamgarin, signed the Kazakhstan-Singapore Services and Investment Agreement today on the sidelines of President Halimah Yaacob’s state visit to Kazakhstan.

SG, Kazakhstan enhance services, talent, and investment cooperation

The agreement will improve Singapore’s market access to Kazakhstan.

The governments of Singapore and Kazakhstan signed a deal to enhance mutual benefits in investment, services, and talent in both nations.

In a statement, the government said Minister for Manpower and Second Minister for Trade and Industry Tan See Leng and Kazakhstan Deputy Prime Minister and Minister of Trade and Integration Serik Zhumamgarin signed the agreement on trade in services and investment between the Republic of Kazakhstan and the Republic of Singapore.

Tan said the agreement will help Singapore companies venturing into Kazakhstan.

MORE ECONOMIC DEALS stories: Singapore, Shanghai strengthen ties with 15 new agreements

The deal also improves market access to “1) specialised medical services; (2) dental services; (3) research and experimental development services on natural sciences; (4) interdisciplinary research and experimental development services; (5) residential and nonresidential property management services on a fee or contract basis; (6) services related to management consulting; (7) building cleaning services; (8) photographic services; (9) translation/interpretation services; (10) interior design services; (11) other specialty design services; (12) entertainment services (including theatre, live bands, and circus services); (13) dyeing and colouring services; (14) funeral, cremation and undertaking services; and (15) hairdressing and other beauty services.”

It also offers opportunities for Singapore firms to provide services in Kazakhstan and raises global exposure for Singapore talent.

The agreement also allows stability and predictability for Singapore investors, investments, and firms in Kazakhstan via investment protection disciplines.

“These include non-discriminatory treatment, fair and equitable treatment based on customary international law, and protection from illegal expropriation among others,” read the statement.

Follow the link for more news on

Ministry of Manpower

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia