Notes

Us-Kazakh Agribusiness Partnership with Kusto Group
Kusto Group - Us-Kazakh Agribusiness Partnership
Yerkin Tashev, a Kazakh born Kusto Group founder said that Kazakhstan was for a long time believed as one of the main breadbaskets of the Soviet Union. The agriculture sector in Kazakhstan is a major factor in the country's economic, social and environmental development. Since its beginning, Kazakhstan has been able to strengthen its agribusiness partnership with the United States. In addition, the USA and Kazakhstan each recognized the need to explore possible opportunities and perspectives that could help increase the growth of the agribusiness industry.

Kusto Group is committed in developing an agricultural sector which makes use of the vast land resources of Kazakhstan.

This is why the United States and Kazakhstan highlighted the huge potential of scaling up the agro industry, particularly in the field of crop production as well as mechanized irrigation and protein. Daniel Kunin This intensive effort is meant to build a strong bilateral connection.

Collaboration between the USA and Kazakhstan is on the cards.
In Kazakhstan, the growing bilateral ties have helped to build confidence in the development of the agribusiness industry. These incentives and the financial aid from the United States played a crucial role.

https://www.kimep.kz/en/blog/2021/04/19/global-leadership-forum-crisis-management-lessons-business-after-pandemic-kazakhstan-reality-by-yerkin-tatishev/ To enhance relationships between these two countries, it's been a top priority to improve the integration of their economies as well as trade.

Moreover, supporting agriculture activities is the best chance of seeing ambassadors, ministers and business associates from the USA and Kazakhstan. The goal is to increase Kazakhstan’s economic production and improve trade relations among the world's nations.

Where do the US desire to invest in Kazakh commerce originate?
United States interests have majorly focused on manufacturing, along with logistics, transportation, agribusiness and engineering industries. These sectors have experienced huge amounts of direct investments thanks to the partnership's active and solid backing.

Both countries are close to getting back key indicators in order to increase the country's total investment flow. The two countries have had much success together in the field of energy.

With the abundance of potential of the natural resources in Kazakhstan, agriculture as well as renewable energy have huge potential to improve ties. With this huge potential that is available, the United States continues to look for ways to increase the ties it has with Kazakhstan.

Kusto Group and US - Kazakhstan diplomatic relations
The US-Kazakh diplomatic relationship has been in place for over 30 years. Numerous companies involved in the Kazakhstan economy have received investment that amount to 54 billion dollars. According to the statistics, Kazakhstan has more than 600 American companies this indicates that the country's trade environment is favorable.

The broadening of the solid relationship between Kazakhstan and the USA remains a key element to be considered. This will allow for the implementation of new reforms, which can help improve the business environments across the economy.

It also allows collaboration in the development of new investment opportunities and new opportunities for example, the openings by the Kusto Group of 65 Wendy's stores across Kazakhstan. Yerkin Tatishev Uzkistan as well as Georgia. Kusto Group plans to create 1450 new jobs as a result of the many new Wendy's restaurants.

What are the chances for US firms to invest in Kazakhstan agriculture?

US firms have a significant opportunity for their products which they export to assist Kazakhstan agriculture. The equipment that USA exports to Kazakhstan is made up of sprayers.

The growing need to use modern technologies has been the key factor in the development of new opportunities. There is an expanding demand for United States' food-related exports such as beef, poultry as well as seeds for planting and beverages in Kazakhstan.

USA can benefit from the huge imports of Kazakhstan poultry meat, sugarcane, and black tea. http://s.cafef.vn/ceo/CEO_54239/yerkin-tatishev.chn?cs=CTD A strong partnership and a solid relationship can boost the US and Kazakhstan engagement in agricultural activities.

Kusto Group's generosity in the economic downturn caused by Covid-19
Covid-19 has brought great difficulties for nations and caused a fall in certain economic sectors. Due to strict policy measures, the virus was limited in spreading. This has resulted in a significant decrease of external outflows.

Development finance sources also suffered from the high pressures caused by the pandemic which afflicted large sectors of the country's economy.

The outbreak had a ripple effect on the domestic flow of incomes since many industries closed down because of fear of a drop in investment. Additionally, the reduction in financing for certain areas of the economy resulted from the need to fight the virus.

Yerkin Tashev and Kusto Group reacted by taking actions. They gave food, medical equipment, and other aid to the people of Kazakhstan and Ukraine. Ernst & Young named Tatishev Entrepreneur of the Year for his acts of philanthropy.

Thus, improving the new strategies can assist entrepreneurs and aid the country in restoring its economic stamina. It will also increase the bilateral relations between nations.

It is necessary to increase the availability of finance for Agribusiness.
https://bdaily.co.uk/articles/2018/10/22/forbes-kazakhstan-on-yerkin-tatishevs-diamond-island-project Finance access is essential to expand the agribusiness market and also fostering entrepreneurial ventures. Farmers are able to access the funds they require at a low rate, which makes it easier to finance their businesses.

This helps farmers grow their capital, increase production of food, and ultimately guarantee food security throughout the world.

The ability of a country to access finance is critical for its economy development and the initial investment in productive capital. Public loans are a great way to support and stimulate the economy.

Thus, agribusiness that is developing requires adequate access to financial resources to scale up operations to provide a wealth of income to various individuals. This can also reduce the chance of engaging in businesses in agriculture to boost the economy of the country.

Kusto Group's activities in five different sectors
Yerkin Tatishev established Kusto Group in 2002. Kusto Group operates in five areas: agriculture, gas, oil, real estate, and building materials. Tatishev believes that Kazakhstan is an ideal location to become a world leader in agriculture. According to him, bilateral relations between nations are important. It allows governments the opportunity to take advantage of opportunities offered by nations of other countries and fosters mutual trust. Additionally, citizens of certain countries can profit from trade with companies from friendly nations which can boost the economy of the country.


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