Kazakhstan and Austria signed an agreement on encouragement and reciprocal protection of investments

/IRBIS, January 13, 2010/ - Kazakhstan and Austria signed an intergovernmental agreement on encouragement and mutual protection of investments, - added in published report of the Ministry of Foreign Affairs of the Republic of Kazakhstan on Jan. 12. As indicated, the agreement was signed in Vienna during the meeting of January 12, 2010 Minister of Foreign Affairs of the Republic of Kazakhstan Kanat Saudabayev with the Minister for European and International Affairs of the Republic of Austria Michael Spindelegger. After the talks was the signing of an intergovernmental agreement on encouragement and mutual protection of investments. Commenting on the signing of the document, the Austrian Minister said that the agreement will move to a new phase of investment cooperation, - stated in the message. The report stated that the growth of mutual trade between the two countries reached in the past two years, $ 1 billion, exceeding the same indicator in 2007 more than tripled. Ministers also discussed promising areas of cooperation in the energy sector. [2010-01-13]