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Committee of the CCI KR on the support of foreign business in Kyrgyzstan

Goals of the Committee:
The Committee was created to promote the development of foreign business in the Kyrgyz Republic through the creation of favorable conditions for investment, improvement to the function and form of the legal basis for the development of the economy and its integration into the world economy, a comprehensive improvement of the positive business image of Kyrgyzstan, and promotion of domestic investment projects abroad. Consolidation of the representatives of foreign businesses to enhance their effective participation in the development of recommendations for legislative activity, and to establish stable business relations between the business circles of Kyrgyzstan and other countries.
Objectives of the Committee:
  • Promotion of the development of foreign business in the Kyrgyz Republic.
  • Assistance in establishing a positive business image of Kyrgyzstan and its integration into the international economic space.
  • Promote coordination and harmonization of the interests of foreign entrepreneurs in solving problems needed to improve the business environment in Kyrgyzstan.
  • Organization of interaction between government institutions and representatives of foreign business in Kyrgyzstan.
  • Assisting foreign entrepreneurs and organizations as well as representing and protecting their interests on issues related to the implementation of economic activities in Kyrgyzstan.
  • Explanation of suggestions and recommendations for the state investment policy.
  • Development of proposals to improve the existing and upcoming legislative and regulatory framework; definition of priority issues of economic policy which require a legislative solution.
  • Implementation of cooperation with public authorities on the development of foreign business, representation of foreign companies, identifying primary problems, and drafting regulatory decisions regarding these problems.
Functions of the Committee:
  • Monitoring of the status, trends and dynamics of the Kyrgyz economy, analysis of the socio-economic impact of the decisions on the internal and external economic policy and factors impeding the development of foreign business in Kyrgyzstan;
  • Participation in conjunction with the CCI KR in examining draft regulations governing the work of foreign entrepreneurs.
  • Participation in the development and implementation of mutually beneficial forms of cooperation between foreign business associations and the CCI KR.
  • Participation in market research on the activities of the Committee.
  • Participation in the development and use of the data bank of foreign entrepreneurs in the Kyrgyz Republic.
  • Participation in the definition of the circle of foreign unions and associations interested in cooperation.
  • Attracting scientific and business communities’ participation in international and foreign national assemblies, conferences, and symposiums on investment problems.
  • Preparation of proposals on the organization of and participation in conferences, seminars, and symposia on the problems of investment activity in Kyrgyzstan and abroad.
  • Compilation of materials for conferences, seminars, and symposia on the experience of foreign and domestic organizations of employers and their distribution among stakeholders. Development of a consolidated position of the business community on current issues of development of foreign business as well as the preparation of proposals and recommendations to be given to the governing bodies of the CCI KR.
  • Participation in the development of recommendations to reduce the risks of doing business in Kyrgyzstan for foreign entrepreneurs.
  • Analyzing the factors influencing the development of the investment process in the Kyrgyz Republic; promotion of the elimination of unjustified restrictions and barriers to the inflow of goods and capital into the economy.
  • Monitoring the legislative process as it relates to foreign business.
  • Selecting specific projects aimed at achieving the goals of the Committee and include them in the work plans.
  • Establishing contacts and organizing cooperation with international and national unions, business associations, individual financial institutions, and corporations in foreign countries.
  • Assistance to foreign entrepreneurs and organizations by providing information regarding best practices and their use in attracting investment in the economy of Kyrgyzstan.
  • Prepare proposals for the organization of and participation in investment, industrial, and scientific and technical exhibitions, conferences, seminars, symposiums and other events in the field of activity of the Committee.
  • Assistance in promoting significant domestic investment projects abroad.
  • Attract scientific organizations to research the problems within the purview of the Committee.
  • Assists in the organization of business meetings, conferences, courses, seminars, and other events in order to improve the business environment of Kyrgyzstan and capital inflows into the domestic economy.
Chairman of the Committee – Itibaev Kairat
Tel/Fax: +996 312 881 168
Executive Secretary - Raiymkulova Mairam
Tel: + 996 312 610 173
Fax: + 996 312 613 875