Notes

Us-Kazakh Agribusiness Partnership with Kusto Group
Kusto Group Us-Kazakh Agribusiness Partnership
Yerkin Tatishev (Kazakh-born the founder of the Kusto Group), stated that Kazakhstan has been long considered one of the breadbaskets of the Soviet Union. Kazakhstan's agriculture industry has played an important role in its social, economic and environmental growth. For many years, Kazakhstan has had strong connections with the United States to support its agricultural collaboration. USA and Kazakhstan realized the importance of exploring new opportunities and potential for agribusiness development.

Kusto Group is committed to creating a modern agricultural sector by utilizing the vast land resources of Kazakhstan.

The United States and Kazakhstan have recognized the immense potential to scale up the Agro-industry, mainly in crop production and mechanized irrigation. This intense effort is intended to establish a great bilateral connection.

The US-Kazakh collaboration is at the tip of its hat
The USA and Kazakhstan have been building trust in their agricultural sector. Incentives and finance from the United States have played a key part in this.

To strengthen relations between the two countries, it has been a top priority to improve economic integration and trade.

As such, aid for agriculture can bring ambassadors, business partners, and ministers coming together from the USA with Kazakhstan. The motivation behind this project is to improve Kazakhstan's production and trade with the two countries.

What is the reason for US fascination with Kazakh business?
United States interests are primarily in the manufacturing and logistics sectors, in addition to agribusiness, transportation, logistics engineering, and transportation industries. The volume of direct investments in these industries have slowly been increasing to record levels due to the strong and active collaboration.

They are also on the verge of restoring key indicators which can help boost investment flows. Both countries have had great cooperation in the sector of energy.

Renewable energy and agriculture present an opportunity to improve relations, given the enormous natural resources in Kazakhstan. The United States continues to explore possibilities to improve relations with Kazakhstan despite the huge potential.

Kusto Group and US - Kazakhstan diplomatic relations
US Kazakhstan-US diplomatic relationship is in force for over 30 years. Many companies that participate in the Kazakhstan economy have received investments of around 54 billion dollars. Based on the available figures, more than 600 American firms operate in Kazakhstan, meaning the trade conditions in Kazakhstan are favorable.

It remains a crucial element that the US and Kazakhstan cooperate to build their strong partnership. This allows for new reforms to be implemented that will improve the working environment for businesses in different sectors of the economy.

It also helps in creating new opportunities as well as investment opportunities. Kusto Group opened 65 Wendy's locations across Kazakhstan, Uzbekistan or Georgia. Kusto Group expects to create 1450 jobs to accommodate the number of Wendy's restaurants that will open soon.

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

American companies have an enormous market to export their products to Kazakhstan. The equipment that the US exports to Kazakhstan is comprised of sprayers.

These opportunities were created by the rising demand for the use of modern technology. The United States has seen a growing market for its food-related exports to Kazakhstan such as beef, poultry seeds, as well as planting plants.

USA can take advantage of the huge imports from Kazakhstan of black tea, sugar cane and poultry meat. Thus, the excellent relationship and strong partnerships can help in the way that USA as well as Kazakhstan take part in agribusiness activities.

Kusto Group's generous actions during the downturn in the economy caused by Covid-19's devastation.
Covid-19's advent has seen great problems in many countries. These caused a drop of certain sectors of the economy. Due to the strict measures to limit the virus, external outflows have dipped significantly.

The financial sources that finance development were also affected by the severe tensions that were imposed on certain sectors of the economy due to the epidemic.

The effects of the pandemic on income flows was felt in various ways. Numerous industries shut down because of the fear of losing investment. In addition, reduced financing for certain sectors of the economy resulted from the need to fight the disease.

https://www.pinterest.com/danielkunin/ Yerkin Tashev and Kusto Group reacted with action. They also donated medical supplies and food items to patients across Kazakhstan and Ukraine. https://www.dailyuw.com/ask_the_experts/yerkin-tatishev-s-kusto-group-improving-sustainability-through-technology-is-our-top-priority/article_c2c393e6-5c15-11eb-a8ca-bbd742da85e2.html https://www.ottawalife.com/article/yerkin-tatishevs-kusto-group-to-pursue-initiative-with-canada-based-dundee-sustainable-technologies/?c=9 Ernst & Young, a multinational company that provides professional services was presented Tatishev the Entrepreneurship of the Year award in recognition of his charitable acts.

The country could also benefit from the development of new approaches to help entrepreneurs and revive its economic viability. It will also help to strengthen bilateral relationships between nations.

It is important to improve access to financing in the agribusiness.
The ability to access finance is crucial for increasing agribusiness participation and encouraging entrepreneurial ventures. Farmers can gain confidence by having access to low-cost funds that make it possible to finance their agricultural business.

This allows farmers to increase their capital and production of food and achieve the main goal of food security globally.

The availability of finance is essential to begin productive investment and boosting the economy of a country. https://www.dailyuw.com/ask_the_experts/yerkin-tatishev-and-kusto-group-donate-over-2-million-to-kustohelp-charity-initiative-amid-pandemic/article_68af343a-08fc-11eb-ac9f-1f59c84aaa6b.html The funds from public loans can stimulate and support the growth of the economy at a high scale.

https://bdaily.co.uk/articles/2018/10/22/forbes-kazakhstan-on-yerkin-tatishevs-diamond-island-project Thus, agribusiness that is developing requires proper access to finance for expansion of operations in order to provide a wealth of income to various people. This makes it much easier to be involved in agribusiness efficiently, which will help boost the country's economy.

Kusto Group's activity across five sector
Yerkin Tatishev established Kusto Group in 2002. It operates in five different industries: agriculture, oil gas, real estate, and construction materials. Tatishev believes that Kazakhstan is an ideal location to become a world agricultural leader. Yerkin Tatishev According to him, bilateral connections between countries can be significant. This allows businesses and governments to benefit from the potential of other nations in addition to establishing solid mutual relationships. Furthermore, the citizens of specific countries benefit from trading with businesses from other countries who are friendly, which will enhance the nation's economic growth.


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