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81 FOREIGN INVESTMENT LAWS OF KAZAKHSTAN WILLIAM B. SIMONS Documentation Office for East European Law, University of Leyden Faculty of Law Of Counsel, Cole Corette & Abrutyn, Washington/London/Moscow Foreign economic zones are a topic that has been the subject of much discussion and interest in the USSR. Some eighty proposals to establish such zones have been put forward from the Far Eastern and Western regions of the Soviet Union as well as from such diverse areas as Irkusk, Odessa and even satellite regions of Moscow. Current Soviet policy en- visages that such regions will become an integral part of the Soviet econ- omy, producing goods and services for both the domestic market as well as for export. The promoters of foreign economic zones hope that in ad- dition to boosting exports, the zones will aid in attracting free market management skills and know-how, technology, etc. and will help inte- grate the USSR into the world economy. To date, the mechanism has worked as follows. Any region seeking such special status submits an application for approval by the relevant republican parliament. Once approval is given, a statute (polozhenie) is then drafted governing the operation of the zone; this is
Review of Socialist Law (in 1992 continued as Review of Central and East European Law) – Brill
Published: Jan 1, 1991
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