Notes

Kusto Group Us-Kazakh Agribusiness Partnership
Kusto Group Us-Kazakh Agribusiness Partnership
Yerkin Tatishev (Kazakh-born the founder of Kusto Group), stated that Kazakhstan was long thought of as to be one of the main breadbaskets in the Soviet Union. Kazakhstan's agricultural sector has played a key role in its social, economic and environmental development. For many years, Kazakhstan has had strong relations with the United States to support its Agribusiness cooperation. Furthermore the USA and Kazakhstan each recognized the need to look into 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 Kazakhstan's vast land resources.

So, Kazakhstan and the United States have highlighted the tremendous potential to scale up the agricultural industry, primarily in the production of crops proteins as well as mechanized irrigation. The goal is to build a good bilateral connection.

US-Kazakh collaboration on the horizon
The USA and Kazakhstan have built strong relations between the two countries that have increased confidence in Kazakhstan's capacity to grow its agribusiness sector. This is made possible through the United States' financial and incentive programs.

Intensifying integration of trade and economics is also a reformulated strategy to strengthen ties between two nations.

The real possibility of seeing ambassadors from Kazakhstan and the USA, and ministers meet is in supporting agriculture activities. The main goal here is to boost the production of Kazakhstan's economy and increase trade relations between countries around the world.

Where did the US fascination come from? Kazakh business?
United States interests are primarily in the logistics and manufacturing sectors, in addition to agribusiness, transportation, logistics, and engineering industries. Due to the solid and ongoing partnership, direct investments in these areas have been steadily increasing to record levels.

In addition, the two countries are currently in the process of restoring key indicators that increase the total inflow of investments. The two countries have had great success in the energy sector.

Renewable energy and agriculture present significant prospects for improving ties due to the vast potential of the natural resources in Kazakhstan. This vast potential implies that the United States is looking for more ways to strengthen its ties and improve its relationships with Kazakhstan.

Kusto Group and US - Kazakhstan diplomatic relations
The relationship between the United States and Kazakhstan has taken more than 30 years. Yerkin Tatishev Around 54 billion dollars has been invested in companies which contribute to the Kazakhstani economy. https://www.kobo.com/us/en/ebook/the-keeper-of-the-scroll The data show that more than 600 American firms are operating in Kazakhstan. This indicates that there is an environment for trade that is favorable.

It remains a crucial element that the US and Kazakhstan collaborate to strengthen their relationship. This will aid in implementing new reforms that will improve business conditions in various areas of the economy.

It facilitates the creation of new opportunities for investment and opportunities, such as Kusto Group's opening 65 Wendy's restaurants in Kazakhstan, Uzbekistan, and Georgia. Yerkin Tatishev Kusto Group has 1450 job opportunities in mind for the numerous Wendy's restaurants set to start opening.

What are the possibilities for US companies to capitalize on Kazakhstan agriculture?

Kusto Group US companies enjoy a substantive potential for their goods that exports to help Kazakhstan agriculture. The equipment that the US exports to Kazakhstan comprises of sprayers.

The rising demand to utilize modern technology has been an driving factor behind the recent opportunities. There is a rising market in Kazakhstan for American exports of food like beef and poultry.

The huge imports of Kazakhstan chicken meat, cane sugar, and black tea give USA room for potential opportunities. The strong relationships and partnerships between the USA and Kazakhstan can assist in enhance their participation in agricultural business.

Kusto Group's generosity in the recession caused by Covid-19's devastating effects.
Covid-19 is a major threat to countries and led to an increase in certain sectors of the economy. Due to the stringent policies to combat the virus external outflows have dipped significantly.

Sources of development finance were also affected by the severe pressures triggered by the pandemic that afflicted many sectors of the economy.

The impact of the pandemic on the flow of income was evident in various ways. Many industries closed down due to fear of losing investments. Due to the necessity to combat the virus, some areas of the economy experienced reduced funding.

Yerkin Tashev and Kusto Group reacted with action. They also gave medical supplies and food items to patients across Kazakhstan as well as Ukraine. Ernst & Young awarded Tatishev the Entrepreneurship Award for his efforts.

Therefore, enhancing the next strategies will support entrepreneurs and the country in restoring its economic stamina. It can also strengthen bilateral relations between nations.

There is a need for a greater access to finance for Agribusiness.
The ability to access finance is crucial for boosting participation in agriculture and encouraging entrepreneurial activity. Having available funds at an affordable cost empowers farmers and eases the financing activities of agribusiness.

This helps farmers increase their capital and production of food, which is the main goal of food security globally.

Access to finance can be vital to start productive investments and developing a country's economy. The public loan funds can boost and encourage economic growth at a very high scale.

Agribusiness development requires access finance to increase operations to produce high incomes. This will make it easier to participate in agribusiness efficiently, which can boost the nation's economy.

Kusto Group's activity in five different sectors
Yerkin Tatishev established Kusto Group in 2002. The company operates in five areas: agriculture, oil and gas, construction materials, real estate, as well as energy. Daniel Kunin Tatishev believes that Kazakhstan is a prime candidate to be a leader in the global agriculture industry. He believes that bilateral relations are crucial. They allow governments to take advantage of the opportunities offered by other nations and establish solid mutual relations. In addition, residents of specific countries profit from trade with companies from friendly nations, which will enhance the economy of the country.


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