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Us-Kazakh Agribusiness Partnership of Kusto Group

Us-Kazakh Agribusiness Partnership of Kusto Group
Yerkin Tatishev (Kazakh-born founder of Kusto Group), stated that Kazakhstan has long been considered one of the breadbaskets in the Soviet Union. Kazakhstan's social, economic and environmental development is largely affected by agriculture. Kazakhstan has maintained close connections with America to help boost the agribusiness cooperation. In addition, the USA and Kazakhstan have both acknowledged the need to explore possible opportunities and perspectives that can help boost the agribusiness industries.

Kusto Group is determined to establish a modern agriculture sector that makes the most of the vast resources of Kazakhstan's land.

Kusto Group USA and Kazakhstan have highlighted the potential for scaling-up the agriculture industry, with a focus on the production of crop proteins and mechanized irrigation. This intense effort is aimed at developing a strong bilateral relations.

Collaboration between the United States and Kazakhstan is in the works.
The USA and Kazakhstan are building trust in the growth of Kazakhstan's agribusiness industry. The United States provided finance and incentives that played a significant role in this development.

Deepening economic integration and trade has also been an enhanced strategy for strengthening the ties between the two nations.

Moreover, supporting agriculture activities is the real prospect of seeing ambassadors, ministers and business associates come together from the USA and Kazakhstan. This project is designed to boost the efficiency of trade and economic growth in Kazakhstan.

Where did the US fascination come from? Kazakh business?
United States interests have majorly been in manufacturing sectors alongside transportation, logistics, agribusiness and engineering industries. The strong and active partnership has seen an increase in the amount of direct investment in these sectors to records.

Also, the countries are on the verge of getting back key indicators that help to bring the country's total inflow of investments. The cooperation in the energy sector has resulted in a number of successes between the two countries.

Due to the immense natural resources of Kazakhstan, agriculture as well as renewable energy have huge potential to improve ties. Yerkin Tatishev These huge opportunities provide the United States more ways to strengthen its ties and improve relations with Kazakhstan.

Kusto Group and US - Kazakhstan diplomatic relations
Over 30 years have passed since the establishment of the US-Kazakh diplomatic relation. Around 54 million dollars have been invested by different companies working for Kazakhstan's economy. Daniel Kunin Based on these numbers, over 600 American companies operate in Kazakhstan. This means that the economic climate of Kazakhstan has been favourable.

The strengthening of the strong partnership between Kazakhstan and the USA remains a key element to be considered. This will allow for the implementation of new reforms which will improve the business environment in various economic sectors.

It makes sure that everyone is engaged in the development of new investment and opportunity opportunities, such as Kusto Group's decision to open a 65-Wendy's restaurant across Kazakhstan as well as Uzbekistan. Kusto Group plans to create 1450 more jobs through the numerous new Wendy's restaurants.

What are the US's opportunities to capitalize on Kazakhstan agriculture for their companies?

US businesses can export their products to Kazakhstan and this is an excellent opportunity. The equipment that the United States exported to Kazakhstan included sprayers. reapers. harvesters. seeders. cultivators.

These opportunities are influenced by the growing demand for modern technology. The United States has seen a growing market for its food-related exports to Kazakhstan which includes poultry, beef, seeds and planting plants.

USA can benefit from the massive imports from Kazakhstan of black tea, cane sugar , and chicken meat. A strong partnership and a solid relationship could boost the United States and Kazakhstan participation in agribusiness activities.

Kusto Group's generosity in the downturn in the economy caused by Covid-19
Covid-19 was introduced in 1995. Since then, many countries have faced enormous challenges which led to a decline in economic activity. Strict policy measures to curb the virus have significantly reduced outflows from the external market.

High pressures created by the pandemic in large areas of the world's economy had an adverse impact on the availability of financial resources to aid development.

The effect of the spread of the virus on income flows was felt in various ways. Many industries were shut down due to fears of losing investment. The necessity to fight the disease resulted in a decrease in the amount of money that was lent to certain sectors of economics.

Yerkin Tashev, and Kusto Group reacted to their call by taking action. They donated food and medical equipment to people in Kazakhstan, Ukraine, and Kazakhstan. Ernst & Young awarded Tatishev the Entrepreneur of the year in recognition of his acts of philanthropy.

Future strategies for polishing can benefit entrepreneurs and help the country to regain its economic power. This will also aid in strengthen bilateral ties between the nations.

There is a need to increase the availability of financing for agricultural business.
Access to finance is crucial to encourage agribusiness integration and developing entrepreneurial activities. Farmers can benefit from having access to funds at a reasonable cost that make it possible to finance their agriculture business.

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

http://s.cafef.vn/ceo/CEO_54239/yerkin-tatishev.chn?cs=CTD Access to finance can be crucial in launching productive investments and developing a country's economy. The public loan funds are a great way to boost and encourage economic growth.

So, any agribusiness in development requires proper access to finance to scale up operations to create a wide-ranging income for a variety of people. This will help ease the risks of participating in agribusiness with greater efficiency, which is crucial to boosting the country's economy.

Kusto Group's activity in five sectors
Yerkin Tatishev established Kusto Group in 2002. Yerkin Tatishev Kusto Group operates across five sectors: agriculture oil and gas construction materials, real estate, and also energy. Tatishev believes Kazakhstan has the potential to be a world-class leading agricultural nation. He believes that bilateral relationships between nations to be crucial. It allows governments to seize the opportunities provided by other nations and to establish strong relationships with each other. Trade with companies from friendly nations can also be beneficial to citizens of certain countries, which will increase the country's economic performance.


Read More: https://cbw.ge/business/kazakh-businessman-yerkin-tatishev-becomes-silknets-shareholder