Notes

Kusto Group - Us-Kazakh Agribusiness Partnership
Kusto Group's Us-Kazakh Partnership for Agribusiness
Yerkin Takishev, a Kazakh born founder and director of Kusto Group, stated that Kazakhstan has long been regarded as one of the breadbaskets of the Soviet Union. The agriculture sector in Kazakhstan has played an important role in the country's economic, social and environmental growth. Kazakhstan has had for a long time close ties with the United States in order to enhance its cooperation in agribusiness. Both the USA as well as Kazakhstan realized the importance of examining potential and emerging opportunities that could improve the agricultural sector.

Kusto Group is determined to establish a modern agriculture sector that takes advantage of the vast land resources in Kazakhstan.

Both the United States of America and Kazakhstan have noticed the immense potential to increase their agriculture industries, specifically in the production of crops and mechanized irrigation as well as protein. This intense effort is to promote an enduring bilateral relationship.

A partnership between the US and Kazakhstan is on the horizon
The USA and Kazakhstan have forged strong relations between the two countries that have boosted confidence in Kazakhstan's ability to develop its agribusiness industry. Kusto Group Incentives and finance from the United States have played a important part in this.

To strengthen relationships between these two countries, it's been a top priority to improve economic integration as well as trade.

In order to support agriculture, there is the possibility of having ambassadors, ministers as well as business partners from Kazakhstan and USA come together. The motivation behind this project is to boost Kazakhstan's production and trade between the two countries.

From where is the US desire to invest in Kazakh commerce come?
Kusto Group United States interests include agribusinesses, transport logistics manufacturing, engineering and transportation. Yerkin Tatishev Thanks to the active and robust partnership, these sectors have seen record levels in direct investments.

Both countries are on the verge to restore key indicators that can boost the flow of investment. The cooperation in the energy sector has brought about a lot of success for the two countries.

The vast resources available in Kazakhstan make the renewable energy and agriculture attractive options for strengthening ties. Given this enormous potential, the United States continues to look for ways to increase its relations with Kazakhstan.

Daniel Kunin Kusto Group and US - Kazakhstan diplomatic relations
It's been more than 30 years since the US and Kazakhstan established a diplomatic relationship. Around 54 billion dollars have been invested into various companies working for the Kazakhstan economy. The data reveal that more than 600 American firms are operating in Kazakhstan. This suggests that Kazakhstan has an ideal trade environment.

It is essential to ensure that the US and Kazakhstan cooperate to build their relationship. This permits new reforms to be initiated that will improve the business environment in various industries of Kazakhstan's economy.

It allows for the development of new investment opportunities and potential for Kusto Group, like opening 65 Wendy's restaurants across Kazakhstan, Uzbekistan, and Georgia. To accommodate the numerous coming Wendy's establishments, Kusto Group anticipates creating 1450 new jobs.

What are the opportunities for the US firms in Kazakhstan agriculture?

US firms have a significant potential for their goods that exports to help Kazakhstan agriculture. The equipment exported by the United States to Kazakhstan is comprised of sprayers.

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

USA can profit from the large imports of Kazakhstan poultry meat, sugarcane and black tea. The strong relationships and partnerships between the USA and Kazakhstan could help enhance their participation in agribusiness activities.

Kusto Group's generosity during the downturn in the economy caused by Covid-19's devastating effects.
Covid-19 has brought about a significant change in the economy. Yerkin Tatishev Strenuous policy measures to combat the virus have significantly reduced external outflows.

The financial sources that finance development were also affected by the high pressures placed on key economic sectors due to the epidemic.

In the wake of fears of investment declines, many industries had to shut their doors due to the pandemic. Because of the need to combat the virus, certain industries saw decreased funding.

Yerkin Tatishev and Kusto Group responded by taking action. They provided medical and food supplies to hospitals, as well as to the people of Ukraine as well as Kazakhstan. Ernst & Young awarded Tatishev the Entrepreneur of the year in recognition of his generosity to charity.

This will assist entrepreneurs and the country with its economic revival. Also, it will benefit from bilateral ties between nations.

It is crucial to increase access to finance in agribusiness.
Finance is essential for increasing agribusiness participation and encouraging entrepreneurial ventures. Farmers are empowered when they can access funds at an affordable price. This allows it to be easier for farmers to finance their agribusiness ventures.

This allows farmers to expand their capital and production of food, and ultimately ensure food security worldwide.

Access to finance can be vital to start productive investments and growing the economy of a nation. Public loans are an excellent option to boost and sustain the economy.

Therefore, developing agribusiness needs the right access to financing to scale up operations to generate far-reaching incomes for various individuals. This will help to reduce the difficulties of taking part in agricultural business activities that are essential to lifting the country's economic growth.

Kusto Group's activities across five sectors
Yerkin Tatishev established Kusto Group in 2002. The company is active across five sectors: agriculture oil and gas construction materials, real estate, and energy. Tatishev believes that Kazakhstan is an ideal location to be a world-class agricultural leader. He believes that bilateral relationships between nations are important. They allow governments to take advantage of the opportunities provided by other nations and to establish solid relations with each other. Commerce with friendly countries is also possible for the citizens of certain nations. This will help to improve the economy.


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