Notes

Kusto Group's Us-Kazakh Agribusiness Partnership

Kusto Group Us-Kazakh Agribusiness Partnership
Kazakhs born Kusto Group founder, Yerkin Tatishev, stated that Kazakhstan was for a long time as one of the breadbaskets of the Soviet Union. The country's socio-economic and environmental development has been largely dependent on agriculture. Since its beginning, Kazakhstan has been able to strengthen its agribusiness partnership with the United States. The USA and Kazakhstan were also aware of the necessity to study potential and feasible opportunities to improve the business of agribusiness.

Kusto Group is committed to the development of a modern agricultural industry, taking advantage of the vast land resources of Kazakhstan.

This is why the United States and Kazakhstan highlighted the enormous potential to scale-up the agricultural industry, specifically in the production of crops, mechanized irrigation, and protein. This intense effort is aimed at developing a strong bilateral connection.

The US-Kazakh collaboration is on the way
The increasing bilateral ties between USA and Kazakhstan have helped to boost confidence in the development of the agribusiness sector in Kazakhstan. The United States has played an crucial part in financing and in facilitating incentives.

Yerkin Tatishev The process of enhancing integration in trade and economics has also been an enhanced strategy to strengthen ties between the two nations.

The support for agriculture will increase the chance of having ministers and ambassadors from Kazakhstan and the USA come together. The objective is to boost Kazakhstan’s economic production and improve trade relations between countries.

Daniel Kunin Where do the US desire to invest in Kazakh business come from?
Kusto Group The United States has primarily invested in the manufacturing sector in addition to agribusiness, and transport logistics. The volume of direct investments in these industries have slowly grown to record levels because of the robust and active collaboration.

Both countries are poised to restore important indicators that could boost investment flows. They have seen great results working together in the energy sector.

Agriculture and renewable energy present huge opportunities for improving relations due to the vast natural resources in Kazakhstan. These huge opportunities provide the United States more ways to enhance its relations and improve relations with Kazakhstan.

Kusto Group and US - Kazakhstan diplomatic relations
The US-Kazakh diplomatic relationship has taken more than 30 years. The sum of 54 billion dollars is invested in companies that support the Kazakhstan economy. According to these figures there are more than 600 American companies are operating within Kazakhstan. This means that the trade climate in the country has been very favorable.

Strengthening the partnership between US and Kazakhstan remains a key factor to be considered. This allows for the introduction of reforms that increase the overall business environment across different industries.

It also ensures cooperation in designing new prospects and investment opportunities such as Kusto Group's opening of 65 Wendy's restaurants across Kazakhstan, Uzbekistan and Georgia. To accommodate the numerous forthcoming Wendy's restaurants, Kusto Group anticipates creating 1450 new jobs.

What are the opportunities for American companies to capitalize on Kazakhstan agricultural production for their firms?

US firms have the chance to export products to Kazakhstan. The equipment exported by United States to Kazakhstan includes sprayers, reapers, seeders and tractors, as well as grain combined harvesters and cultivators, in addition to others.

https://www.kimep.kz/en/blog/2021/04/19/global-leadership-forum-crisis-management-lessons-business-after-pandemic-kazakhstan-reality-by-yerkin-tatishev/ The primary reason behind the rise of new opportunities is the requirement for advanced technology. There is a growing market for United States' food-related exports like poultry, beef as well as seeds for planting as well as beverages from Kazakhstan.

USA has many potential business opportunities thanks to Kazakhstan's large imports including cane sugar chicken meat, black tea. Thus, the excellent relationships and strong partnerships can enhance the ways in which USA as well as Kazakhstan engage in agribusiness.

Kusto Group's generous actions during economic decline caused by Covid-19.
Covid-19 was released in 1995. Since then, many nations have had to face huge challenges that led to a drop in the level of economic activity. External outflows have was significantly reduced due to the strict policies that were implemented to stop the spread of the spread of the virus.

The immense pressures that were triggered by the pandemic that affected large sectors of the economy have also affected the sources of development financing.

The impact of the pandemic on income flows was felt in many ways. Many industries were shut down due to fears of losing investment. The virus was also a factor in the reduction of financing for certain sectors.

Yerkin Tashev and Kusto Group reacted with action. They gave food, medical supplies, and other aid to the people of Kazakhstan as well as Ukraine. In appreciation of his act of philanthropy, Tatishev was awarded the Entrepreneur of the Year award by the global professional services group Ernst & Young.

Therefore, enhancing the next strategies will assist entrepreneurs and aid the country in restoring its economic strength. This will also help strengthen bilateral ties among nations.

The need for improved access to financing for agribusiness.
Access to finance is essential for increasing agribusiness participation and the development of entrepreneurial ventures. Farmers can benefit from having access to low-cost funds that make it possible to finance their farming business.

This lets farmers increase their capital, production of food, and ultimately ensure food security worldwide.

In order to develop an economy in a country and make productive investments it is essential to improve access to finance. Daniel Kunin The funds from public loans can help stimulate and support economic growth to a satisfactory amount.

To develop agribusiness, it is crucial to be able to finance that allows for the expansion of operations which can generate large-scale incomes for many people. This makes it much easier to be involved in agribusiness in ways that are beneficial for the country's overall economy.

Kusto Group's activities within five sectors
Yerkin Tatishev established Kusto Group in 2002. The company operates in five business segments: real estate, agriculture oil, natural gas construction materials, and real property. Tatishev believes that Kazakhstan is a prime candidate to lead the global agriculture sector. According to him, bilateral ties between countries are significant. This allows governments to benefit from the opportunities presented by other nations and establish solid mutual relationships. Furthermore, the citizens of specific countries benefit from trading with businesses from friendly nations, which will enhance the country's economy.


Here's my website: https://www.kimep.kz/en/blog/2021/04/19/global-leadership-forum-crisis-management-lessons-business-after-pandemic-kazakhstan-reality-by-yerkin-tatishev/