Notes

Us-Kazakh Agribusiness Partnership of Kusto Group

Us-Kazakh Agribusiness Partnership of Kusto Group
Yerkin Tashev, a Kazakh born Kusto Group founder said that Kazakhstan was for a long time believed as one of the main breadbaskets within the Soviet Union. Yerkin Tatishev Agriculture has played a key role in Kazakhstan's economic as well as environmental growth. For a long time, Kazakhstan has had strong ties with the United States to support its agricultural cooperation. Additionally both the USA and Kazakhstan have both acknowledged the necessity of exploring potential opportunities and possibilities that could boost the agribusiness industries.

Kusto Group is committed in creating an agricultural sector modern by utilizing Kazakhstan's abundant land resources.

The United States and Kazakhstan have emphasized the potential for scaling-up the agricultural industry, with a focus on the production of crop proteins and mechanized irrigation. The goal is to create a strong bilateral connection.

A US-Kazakh cooperation is at the near future
The USA and Kazakhstan have built trust in their agricultural sector. The United States provided finance and incentives that contributed significantly to this development.

The two countries have developed closer ties by intensifying trade and economic integration.

Yerkin Tatishev Support for agricultural activities could be an opportunity to see ambassadors, business associates as well as ministers from the USA and Kazakhstan. The goal is to increase the production of Kazakhstan's economy and enhance trade relations among the world's nations.

Where is the US interest Kazakh business from?
Daniel Kunin United States interests have primarily focused on the manufacturing sector in addition to agribusinesses and transport logistics and engineering. The robust and active partnership has seen a steady increase in the volume of direct investments in these fields to record levels.

They are also close to restoring key indicators which will help increase the country’s total inflow of investment. Both countries have had great success in their cooperation in the field of energy.

Given the vast natural resources of Kazakhstan Agriculture as well as renewable energy have huge potential to enhance relations. The United States continues to explore possibilities to improve relations with Kazakhstan despite the enormous potential.

Kusto Group and US - Kazakhstan diplomatic relations
It has been more than 30years since the US and Kazakhstan established an official relationship. More than 54 billion dollars have been invested into various companies working for the Kazakhstan economy. According to data, Kazakhstan has more than 600 American businesses, which indicates that the trade climate in Kazakhstan is favorable.

Still, it is crucial to strengthen the strong relationship with Kazakhstan. This gives Kazakhstan the chance to start fresh reforms to improve the business environment for different sectors of the economy.

It ensures that everyone is actively involved in the creation of new investment and opportunity opportunities, like Kusto Group's opening a 65-Wendy's restaurant across Kazakhstan and Uzbekistan. In response to the many upcoming Wendy's establishments, Kusto Group anticipates creating 1450 new jobs.

What opportunities are there for the United States to capitalize on Kazakhstan agricultural production for their companies?

US firms have the chance to export their goods to Kazakhstan. The equipment exported to Kazakhstan by the United States includes sprayers. reapers. seedsers. tractors.

The new opportunities arise out of the increased demand for modern technology. Exports of food-related products from the United States, such as beef, poultry, and seeds for plantation, have increased in Kazakhstan.

USA can take advantage of the large Kazakhstani imports of black tea, cane sugar , and chicken meat. Thus, the excellent relations and solid partnerships could enhance the ways in which USA and Kazakhstan participate in agribusiness activities.

Kusto Group's generous acts during economic decline caused by Covid-19.
Covid-19 was introduced in 1995. Since its introduction, numerous countries have been confronted with huge difficulties that resulted in a decrease in the level of economic activity. Due to strict policy measures, the virus was limited in spreading. It has resulted in a significant decrease of external outflows.

The financing sources for development were also affected by the intense pressures imposed on important sectors of the economy by the pandemic.

Because many industries shut down because of fear of falling investment, the pandemic caused an impact on domestic income flows. The need to combat the disease led to a reduction in financing in some economic sectors.

Yerkin Tashev and Kusto Group reacted with action. They also donated medical supplies as well as food to patients in Kazakhstan and Ukraine. Ernst & Young awarded Tatishev the Entrepreneurship Award in recognition his act of philanthropy.

So, polishing the future approaches can help aid entrepreneurs as well as the nation in restoring its economic strength. This will also help strengthen bilateral relations between nations.

Access to finance for agricultural businesses.
https://www.newseveryday.com/articles/64377/20200110/daniel-kunin-kusto-group-private-public-cooperation-key-successful-transformation.htm The availability of finance is vital to increase the agribusiness inclusion and encouraging entrepreneurial ventures. Farmers can be empowered , and their financing made simpler by having funds available at a reasonable cost.

This permits farmers and other people to boost their capital as also to increase the production of food. The ultimate objective is global food security.

In order to develop the economy of a nation and make productive investments, it is important to improve access to finance. The use of public loans is to encourage and boost economic growth.

Access to financing is vital to the growth of agricultural businesses. This allows you to grow your operations to create a wide range of incomes. Daniel Kunin This will help to reduce the obstacles to taking part in agricultural business activities which are essential to boost the economy of the country.

Kusto Group's activities in five different sectors
Yerkin Tatishev established Kusto Group in 2002. The company is active across five sectors: agriculture oil and gas, construction materials, real estate, and also energy. Tatishev believes that Kazakhstan is a great place to be for leadership on the global stage in the field of agriculture. He believes bilateral ties between countries are crucial. This allows governments to benefit from the opportunities offered by other nations and develop strong relationships with each other. Dealing with businesses from nations that are friendly can benefit the people of specific countries that can boost the economic performance of the country.


Website: https://www.kimep.kz/en/blog/2021/04/19/global-leadership-forum-crisis-management-lessons-business-after-pandemic-kazakhstan-reality-by-yerkin-tatishev/