Notes

Kusto Group: Us-Kazakh Agribusiness Partnership

Kusto Group Us-Kazakh Agribusiness Partnership
Yerkin Tatishev (Kazakh-born founder of Kusto Group), stated that Kazakhstan has been long considered one of the breadbaskets in the Soviet Union. Kazakhstan's socio-economic, environmental and economic growth have been shaped in large part by agriculture. Yerkin Tatishev https://forbes.kz/ranking/object/929 Kazakhstan has had for a long time strong connections to the United States in order to improve its collaboration with agribusiness. The USA and Kazakhstan were also aware of the necessity to look at potential and potential opportunities to improve the agribusiness industry.

Kusto Group is dedicated to the development of a modern agricultural industry that makes use of Kazakhstan's vast land resources.

Kusto Group Therefore, Kazakhstan and the United States have recognized the enormous potential to scale up the agro-industry, majorly in crop production protein, as well as mechanized irrigation. This effort is intended to create a strong bilateral relations.

https://kustogroupunkb.bloggersdelight.dk/2021/11/21/yerkin-tatishev-on-post-covid19-business-collaboration-is-the-way-forward/ US-Kazakh collaboration on the horizon
The USA and Kazakhstan are establishing trust in the growth of Kazakhstan's agribusiness industry. The United States provided finance and incentives which have been a major factor in the development.

A plan to improve the bonds between countries has included a deeper economic integration and trade.

Support for agricultural activities can also be a way to meet ambassadors, business associates and ministers from both USA and Kazakhstan. The project is intended to increase the efficiency of trade and economic growth in Kazakhstan.

Where do the US desire to invest in Kazakh business come from?
The United States has primarily invested in the manufacturing industry, in addition to agribusiness, and transport logistics. The amount of direct investment in these areas have steadily been increasing to record levels due to the strong and active partnership.

Both countries are on the verge to restore important indicators that could boost the flow of investment. They have shared huge success in the area of cooperation in the field of energy.

Due to the immense potential of the natural resources in Kazakhstan Agriculture and renewable energy have significant potential to improve ties. The United States continues to explore new opportunities to enhance its relations with Kazakhstan despite the huge potential.

Kusto Group and US - Kazakhstan diplomatic relations
The relationship between the United States and Kazakhstan has lasted over 30 years. Around 54 billion dollars have been invested into diverse companies that contribute to the Kazakhstan economy. Based on these numbers, over 600 American firms are operating in Kazakhstan. This indicates that the economic climate of the country has been favorable.

However, it is vital to enhance the relationship with Kazakhstan. This gives Kazakhstan the chance to initiate new reforms that can improve the business environment for different sectors of Kazakhstan's economy.

It also ensures cooperation in the creation of new possibilities and investment opportunities such as Kusto Group's opening of Wendy's Restaurants across Kazakhstan, Uzbekistan and Georgia. Yerkin Tatishev Kusto Group has 1450 job possibilities in mind for the many Wendy's restaurants that will soon open.

What are the opportunities for American businesses to capitalize on Kazakhstan agriculture?

US businesses have the opportunity to export products to Kazakhstan. Equipment that is exported from the United States to Kazakhstan include reapers seeders, sprayers harvesters and tractors grain combine harvesters, and cultivators.

New opportunities were created by the growing demand for modern technology. There is a growing demand for food-related products from the United States such as poultry, beef, seedlings, and drinks in Kazakhstan.

USA has potential opportunities because of its huge imports from Kazakhstan of chicken meat, black tea and cane sugar. Thus, the excellent relationship and strong partnerships can bolster how USA and Kazakhstan take part in agribusiness.

Kusto Group's generosity in times of economic downturn caused by Covid-19.
Covid-19 has brought great difficulties for nations and caused an increase in certain economic sectors. A stringent policy to prevent the virus from spreading has resulted in a significant decline in outflows from external sources.

The sources of development finance were affected by the severe tensions that were imposed on certain sectors of the economy by the pandemic.

The domestic flow of incomes was affected by the outbreak. The majority of industries shut down because of fears of losses to investments. The need to fight the disease led to a reduction in financing in some economic sectors.

Yerkin Tashev, and Kusto Group reacted to their appeal by acting. They donated food and medical supplies to those living in Kazakhstan, Ukraine, and Kazakhstan. Ernst & Young awarded Tatishev the Entrepreneur of the year for his charitable actions.

Future strategies for polishing can benefit entrepreneurs and help the country regain its economic power. Also, it can be able to improve bilateral relations between countries.

Access to finance for agricultural businesses is essential.
Access to finance is essential for boosting participation in agriculture and establishing entrepreneurial ventures. Farmers are empowered by having access to affordable funds which allow them to finance their farming business.

This helps farmers increase their capital investment and produce more food and ultimately, this is the objective of ensuring global food security.

A country's ability to get finance is vital for its economy development and first productive investment. Public loans are a great way to stimulate and support good economic growth.

In order to develop agribusiness, it is essential to be able to access financing to enable expansion of operations which can generate large-scale incomes for many people. This makes it much easier to participate in agribusiness in ways that are more profitable for the country's overall economy.

Kusto Group's operations across five sectors
Yerkin Tatishev established Kusto Group in 2002. The company operates in five areas: agriculture, oil and gas real estate, construction materials and energy. Tatishev believes that Kazakhstan's potential to be a leader in global agricultural leadership is tremendous. He believes that bilateral relationships between countries are crucial. This allows governments to benefit from the opportunities offered by other countries , and also to establish strong relationships with each other. Trade with friendly countries is also possible for residents of specific nations. This helps to improve the economy.


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