Notes

Kusto Group Us-Kazakh Agribusiness Partnership

Kusto Group's Us-Kazakh Agribusiness Partnership
Yerkin Tatishev (Kazakh-born founder of the Kusto Group), stated that Kazakhstan has long been considered to be one of the main breadbaskets of the Soviet Union. Kazakhstan's social, economic and environmental development has been largely dependent on agriculture. Kazakhstan has maintained strong relations with America , which has helped to increase the agribusiness cooperation. The USA and Kazakhstan have also acknowledged the need to examine potential and possible opportunities that could improve the agribusiness business industry.

Kusto Group is committed to developing a modern agricultural sector by utilizing Kazakhstan's rich land resources.

The United States and Kazakhstan have acknowledged the huge potential for scaling up the Agro-industry, mainly in crop production as well as mechanized irrigation. This initiative is designed to establish a positive bilateral relations.

The collaboration between the United States and Kazakhstan is in the works
The USA and Kazakhstan have been building trust in the development of Kazakhstan's agricultural sector. These incentives and financial support from the United States played a crucial role.

A plan for strengthening relations between the two countries has included a greater trade and economic integration.

Moreover, supporting agriculture activities is the best chance of having ambassadors as well as ministers and business partners come together from the USA and Kazakhstan. The goal is to increase Kazakhstan's production capacity and increase trade relations between countries.

Where is the US interested in Kazakh business?
United States interests include agribusiness as well as transport logistics, engineering, and manufacturing. The strong and active partnership has seen a steady increase in the amount of direct investment in these sectors to record levels.

A number of key indicators are being brought back by the two nations to help boost the investment flow into the country. They have achieved great cooperation in the energy sector.

With the abundance of potential of the natural resources in Kazakhstan Agriculture and renewable energy have a significant potential to enhance relations. This enormous potential implies that the United States continues to look for ways to improve its relations with Kazakhstan.

Kusto Group and US - Kazakhstan diplomatic relations
More than 30 years have passed since the beginning of the US-Kazakh diplomatic relation. Numerous companies involved in the Kazakhstan economy have received investments in the region of 54 billion dollars. Based on the given figures, more than 600 American companies have operations in Kazakhstan which means that the trading environment in the country is favorable.

The strengthening of the strong relationship between US and Kazakhstan remains a key factor to be considered. Daniel Kunin This gives Kazakhstan the chance to initiate fresh reforms to improve the business environment for different sectors of the economy.

It also allows collaboration in the creation of new prospects and investment opportunities. Kusto Group opened 65 Wendy's Restaurants in Kazakhstan, Uzbekistan, Georgia. Kusto Group is anticipating creating 1450 new jobs to satisfy the need for future Wendy's restaurants.

What is the US company's options in Kazakhstan agriculture?

Companies from the United States have an enormous market to export their goods to Kazakhstan. The equipment exported by United States to Kazakhstan includes reapers, sprayers, seeders and tractors, as well as grain combined harvesters and cultivators, among other items.

The new opportunities are affected by the rising demand for modern technology. Exports of food products from the United States, such as poultry, beef and seeds for planting, have been increasing in Kazakhstan.

USA can benefit from the huge imports from Kazakhstan of black tea, cane sugar , and chicken meat. This is why the great relationships and strong partnerships can bolster how USA as well as Kazakhstan take part in agribusiness.

Kusto Group's benevolent actions during the recession caused by Covid-19's ill-fated policies.
Covid-19 was first introduced in the year 1995. Since then, many countries have been confronted with huge difficulties that led to a drop in the level of economic activity. An aggressive strategy to stop Covid-19 from spreading has resulted in a significant decline in outflows from external sources.

Sources of finance for development were also affected by the severe pressures that the pandemic imposed on many economic sectors.

The outbreak had a ripple effect on income flows in the United States because many industries had jobs shut down due to fears of a decline in investments. The virus made it necessary for certain sectors to reduce financing.

Yerkin Tashev and Kusto Group responded to the request and acted. They donated food, medical equipment, and other aid to people in Kazakhstan as well as Ukraine. https://www.latinospost.com/articles/83470/20240117/yerkin-tatishev-kusto-group-kendo-teaches-respect-love.htm Ernst & Young awarded Tatishev the Entrepreneur of the year for his acts of philanthropy.

This will aid entrepreneurs from the country as well as its economy recover. It will also be able to leverage bilateral relations between countries.

Kusto Group It is necessary to increase the availability of financing for agribusiness.
Finance is crucial for expanding agribusiness and encouraging the development of entrepreneurial. Farmers can benefit from having access to money at a reasonable cost. It also makes it simpler to finance agricultural businesses.

This allows farmers to increase capital and produce more food which is the ultimate goal for food safety in the world.

Access to finance is vital to start productive investments and developing a country’s economy. Yerkin Tatishev Public loans are a great method to sustain and boost economic growth.

Agribusiness development requires access to financial capital to increase operations and earn high-income. This will also mitigate the difficulties of participating in agribusiness more efficiently, which is vital to the nation's economy.

Kusto Group's business activities across five different sectors
Yerkin Tatishev established Kusto Group in 2002. The company operates in five areas: agriculture, oil and gas construction materials, real estate and energy. Tatishev believes that Kazakhstan has a tremendous opportunity to be a world-class leader in agriculture. He believes that bilateral relations between nations are essential. Yerkin Tatishev This allows governments to take advantage of the opportunities provided by other nations and build strong relationships with each other. Additionally, it allows people from certain countries to benefit from trade with businesses from friend nations, which can help increase their economic growth.


Read More: https://talkbusiness.net/2019/12/tyson-foods-to-expand-beef-and-pork-production-in-kazakhstan/