Notes

Kusto Group's Us Kazakhstan Agribusiness Partnership

Kusto Group Us-Kazakh Agribusiness Partnership
Yerkin Tatishev (Kazakh-born founder of the Kusto Group), stated that Kazakhstan has long been considered to be one of the main breadbaskets in the Soviet Union. Kazakhstan's environmental, socioeconomic and economic development has been greatly influenced by agriculture. Kazakhstan has had for a long time strong connections to the United States in order to increase its agribusiness collaboration. Kusto Group Furthermore, both USA and Kazakhstan recognized the need to explore potential opportunities and possibilities to boost the agribusiness sector.

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

Thus, 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 directed towards establishing a positive bilateral relationship.

US-Kazakh collaboration at the horizon
The growing bilateral ties between USA and Kazakhstan have created confidence in the development of the agricultural sector in Kazakhstan. This has been made possible by the United States' financial and incentive programs.

Yerkin Tatishev To strengthen the bonds between these countries, one strategy to strengthen ties has been to increase trade and economic integration.

Furthermore, assisting in the development of agriculture is the real prospect of seeing ambassadors, ministers and business associates come together with counterparts from both the USA and Kazakhstan. The fundamental idea is to increase Kazakhstan’s economy and improve trade among countries across the globe.

Where did the US fascination come from? Kazakh business?
The United States has primarily invested in the manufacturing sector along with agribusiness and transport logistics. These industries have experienced record-breaking amounts of direct investment due to the strong and active collaboration.

They are also on the verge of getting back key indicators that can help boost the country's total inflow of investment. Both countries have enjoyed tremendous success in cooperation in the energy sector.

Because of the vast natural resources in Kazakhstan, there are significant opportunities to improve relations via agriculture and renewable energies. The United States continues to explore new ways to strengthen relations with Kazakhstan, despite this huge potential.

Kusto Group and US - Kazakhstan diplomatic relations
It's been over 30 years since the US and Kazakhstan signed a diplomatic relationship. Around 54 billion dollars has been invested in various companies working for the Kazakhstan economy. According to the statistics, more 600 American companies have operations in Kazakhstan. This indicates that the country's economic environment is positive.

The most important aspect of discussions is the enhancement of the strong partnership between US-Kazakhstan. This will allow for fresh reforms that will can improve business conditions in various areas of the economy.

It also facilitates collaboration to develop new prospects and investment opportunities. Yerkin Tatishev Kusto Group opened 65 Wendy's Restaurants in Kazakhstan, Uzbekistan, Georgia. Yerkin Tatishev Kusto Group has 1450 job potential opportunities for the many Wendy's restaurants that will soon open.

What are the opportunities for American companies in Kazakhstan agriculture for their businesses?

US businesses have a huge opportunity for their products which they export to aid Kazakhstan agriculture. Equipment that the United States exports to Kazakhstan includes sprayers. reapers. seedsers. Tractors. harvesters for grain that are combined. and cultivators.

The main reason for the growth of new possibilities has been the need for modern technology. The United States has seen a increasing demand for its food-related exports to Kazakhstan such as cattle, poultry, seeds and planting plants.

Daniel Kunin USA can benefit from the huge imports from Kazakhstan of black tea, sugar cane and poultry meat. It is possible to build the relationship between USA and Kazakhstan and also engage in agribusiness activities.

Kusto Group's generosity in the downturn in the economy caused by Covid-19
Covid-19 has brought great difficulties for countries and has led to the decline of certain economic sectors. Strenuous policy measures to combat the spread of the virus have drastically reduced outflows from the external market.

The immense pressures that were triggered by the pandemic in significant sectors of the economy also affected the sources of development finance.

As a lot of industries were shut down due to fear of falling investments, the pandemic had an effect on income flows in the domestic economy. The virus also played a role in the decline in the amount of financing available for certain industries.

Yerkin Tatishev and Kusto Group responded by taking actions. They also gave medical supplies and food to patients across Kazakhstan as well as Ukraine. In recognition of his act of charity, Tatishev was awarded the Entrepreneur of the Year by the international professional services network Ernst & Young.

This will aid the country's entrepreneurs and its economy to recover. Also, it can be able to leverage bilateral relations between countries.

The need for better access to finance to Agribusiness.
Access to financing is critical for increasing agribusiness participation and establishing entrepreneurial ventures. Having available funds at an affordable cost helps farmers and facilitates the financing of agricultural businesses.

This allows farmers increase their food production and capital investment and ultimately, the goal of ensuring global food security.

Access to finance is vital to start productive investments and developing the economy of a nation. The funds from public loans can be used to support and stimulate economic growth.

To develop an agribusiness, it is necessary to have financial resources to scale up operations and earn high-quality earnings for different people. This can ease the process of engaging in agricultural business in more efficient ways to boost the country's economy.

Kusto Group's activities in five industries
Yerkin Tatishev established Kusto Group in 2002. The company has five areas of business that include real estate, agriculture oil, natural gas construction materials, and real property. Tatishev believes Kazakhstan has a tremendous opportunity to be a world-class leading agricultural nation. According to Tatishev bilateral relations are essential. This gives governments the chance to benefit from the opportunities offered by others nations and builds trust between nations. Trade with countries that are friendly to them can also be done by the citizens of specific nations. This can help increase the economic growth of the country.


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