The law will take effect starting in 2020.
The Kazakh Finance Ministry has submitted a draft Law on the Republican Budget for 2020 until 2022.
The partnership between the two countries is expanding in all areas.
Last year, the European country invested more than US$ 7.4 billion in Kazakhstan.
The two countries plan to cooperate in areas of transport, renewable energy, and digital transformation.
Profits from the bonds will be distributed to support environmental projects.
The best practices in training specialists are expected to be applied in the field of finance and investment.
Russian investors plan to open two factories to manufacture spare parts for trucks in Kazakhstan.
Pakistan supplies pharmaceutical products, vegetables, fruits and textiles to Kazakhstan.
Cooperation in education field has also reached big progress.
Partnership in investment is a priority between the countries.
The trade turnover between the countries amounts to US$99 million per year.
The experimental plantation of melons in the Turkistan region has yielded good results.
The main importers of the meat products are Russia, Azerbaijan, and Iran.
Kazakhstan makes up 42 percent of the volume of the current investment profile of the Eurasian Development Bank.
Agricultural products made in Kazakhstan are greatly valued abroad.
Last year, the two countries celebrated the 25th anniversary of their diplomatic relations.
Today domestic meat producers cover 100 percent of the needs of Kazakhstan.
Mechanical engineering is one of the most dynamically developing sectors of Kazakhstan’s economy.
The project is a joint investment of Kazakhstan and China.