H.E. Dinara Kemelova pitches advantages of investments in the Kyrgyz Republic
Dinara Kemelova, Kyrgyz Amb. to the Republic of Korea, has invited South Korean entrepreneurs and tourists to the Central Asian country full of business and tourist attractions.
She made the remarks in a recent interview on the occasion of the Kyrgyz Independence Day, which falls on Aug. 31 this year.
“I would like to note that Kyrgyzstan is located in the heart of Central Asia. If you launch production in Kyrgyzstan, it allows you free access to the Eurasian and European markets,” Kemelova said.
“In addition, the Kyrgyz Republic, having the GSP+ status, can access the markets of 28 EU countries on preferential terms. GSP+ expanded preferences mean the elimination of tariffs for more than 6,200 products.”
The diplomat also said that Kyrgyzstan has a favorable investment climate for foreign investments.
“The Kyrgyz Republic provides foreign citizens making investments in its territory a national regime of economic activity which means the same regime as to nationals of the Kyrgyz Republic,” she said.
“Investors investing in priority sectors of the economy and social sphere, working in certain territories of the republic, may be provided with benefits in accordance with state development programs or projects.”
Kemelova said that before the virus pandemic, the number of South Korean visitors to Kyrgyzstan chalked up a double-digit growth every year. She hopes that will continue after the COVID-19 is tamed.
“The Kyrgyz Republic proposes to the Korean side to realize any projects, including the smart city, IT, renewable energy, construction of hydropower stations, modernization and construction of airports and railroads, hospitals, and tourism infrastructure,” she said.