Question

Role of mineral resources in development of a region

Answer 1

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Extractive industries play an important role in the economic development of Kazakhstan, Kyrgyzstan and Tajikistan. These countries depend on foreign investors to be able to exploit the full potential of this sector, yet a number of challenges hinder their efforts to attract such investment. These include inconsistencies between laws, legal uncertainty, a lack of transparency in bureaucratic procedures, fragmented responsibilities and a lack of qualified specialists. The state actors lack the planning, strategy and negotiation skills they need in order to influence conditions in the mining sector so as to attract investment and drive development forward. Local people in the mining areas do not fully understand the process or dynamics of mineral resources extraction, and they are not regularly involved in the decision-making processes for investments.
The economy in mining areas benefits from transparent state actions geared to the sustainable mining of raw materials.

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Answer 2

Regional public-private dialogue. This consists of a cooperative, transnational discourse between relevant specialists and managers from the public and private sectors, with the involvement also of German private-sector actors. Dialogue events are held in cooperation with the Committee on Eastern European Economic Relations (Ost-Ausschuss der Deutschen Wirtschaft).
Development of a market-oriented legal framework. The underlying legal conditions for the mining sector are often still based on the principles of a planned economy. Overhauling the rules and regulations should establish greater transparency and accountability, especially for the allocation of mining concessions.