Kazakhstan's Bank Guarantees to Be Recognized in EAEU Public Procurement Markets

Kazakhstan's business sector will soon be able to participate in Eurasian Economic Union (EAEU) public procurement tenders using guarantees from local banks. This follows planned amendments to the EAEU Treaty, including the mutual recognition of bank guarantees. The initiative aims to facilitate market access for Kazakh entrepreneurs and streamline cross-border trade within the union.

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