Kusto Group Us-Kazakh Agribusiness Partnership
Yerkin Tashev was a Kazakh-born Kusto Group founder said that Kazakhstan was once thought as one of the main breadbaskets within the Soviet Union. Kazakhstan's environmental, socioeconomic and economic development have been fundamentally shaped by agriculture. Since its beginning, Kazakhstan has been able to strengthen its agribusiness partnership with the United States. The USA and Kazakhstan also recognized the importance to examine potential and possible opportunities to improve the agribusiness business industry.
Kusto Group is committed in developing a modern agricultural sector, using Kazakhstan's rich land resources.
The United States and Kazakhstan have acknowledged the huge potential to scale up the Agro-industry, mainly in the production of crops as well as mechanized irrigation. It is a significant attempt to build a stronger bilateral connection.
A partnership between the US and Kazakhstan is on the in the near future
The USA and Kazakhstan have been building confidence in the development of Kazakhstan's agribusiness sector. Financial incentives and incentives from the United States have played a key part in this.
https://www.kimep.kz/en/blog/2021/04/19/global-leadership-forum-crisis-management-lessons-business-after-pandemic-kazakhstan-reality-by-yerkin-tatishev/ Deepening economic integration and trade is also an effective strategy for strengthening ties between the two nations.
In addition, supporting agriculture-related activities can increase the likelihood of having ambassadors and ministers from Kazakhstan and the USA come together. The objective is to boost Kazakhstan's production capacity and increase trade relations between the two countries.
What is the reason for US interest in Kazakh companies?
United States interests are mainly in the manufacturing and logistics sectors, along with transportation, agribusiness, and engineering industries. These industries have experienced record-breaking levels of direct investments because of the robust and active relationship.
A number of key indicators are being updated by the two countries to boost the country's investment inflow. https://www.valuewalk.com/yerkin-tatishev-post-covid-19-business/ They have seen great results working together in the energy industry.
The vast variety of natural resources found in Kazakhstan is what makes agricultural and renewable electricity appealing options to improve relations. The United States continues to explore new ways to strengthen its relations with Kazakhstan, despite this huge potential.
Kusto Group and US - Kazakhstan diplomatic relations
Over 30 years have passed since the establishment of the US-Kazakh diplomatic relations began. About 54 billion dollars has been invested in different companies that work for the Kazakhstan economy. According to the data, Kazakhstan has more than 600 American firms which suggests that the business environment in Kazakhstan is favorable.
It is essential to continue expanding the partnership between the United States and Kazakhstan. This helps initiate fresh reforms that improve the business environment across various sectors of Kazakhstan's economy.
The company also works with partners in designing new prospects and investment opportunities like Kusto Group's opening of Wendy's Restaurants in Kazakhstan, Uzbekistan and Georgia. Kusto Group has 1450 job potential opportunities for the many Wendy's restaurants set to start opening.
What are the opportunities for US businesses to capitalize on Kazakhstan agriculture?
US businesses can export their goods to Kazakhstan and this is a huge potential. Equipment exported to Kazakhstan by the United States includes sprayers. reapers. seedsers. Tractors.
These opportunities are driven by the increasing demand for modern technology. Exports of food-related products from the United States, such as beef, poultry and seeds for plantation, have seen an increase in Kazakhstan.
https://agfax.com/tag/yerkin-tatishev/ The massive imports from Kazakhstan chicken meat, sugar from cane and black tea give USA room for potential opportunities. Strong partnerships and a positive relationship could boost the United States and Kazakhstan involvement in agribusiness activities.
https://www.sciencetimes.com/articles/28012/20201102/kusto-group-s-yerkin-tatishev-good-governance-education-digitalization-keys.htm Kusto Group's benevolent actions during the economic slump caused by Covid-19.
Covid-19 is a major threat to countries and led to the decline of certain sectors of the economy. An aggressive strategy to stop the spread of the virus has resulted in a dramatic decrease in external outflows.
https://www.nationthailand.com/business/30302973 The pressures that were created by the pandemic that affected large parts of the economy had a negative impact on the availability of financial resources to aid development.
The impact of the pandemic on the flow of income was evident in many ways. Many industries closed down because of the fears of losing investment. Due to the need for the virus to be eradicated, some sectors saw a reduction in financing.
Yerkin Tashev and Kusto Group reacted with action. They also donated medical supplies and food items to patients in Kazakhstan as well as Ukraine. Ernst & Young, a multinational company that provides professional services, gave Tatishev the Entrepreneurship of the Year award to recognize his charitable acts.
Polishing future strategies can support entrepreneurs and assist the country to regain its economic strength. This will also aid in increase the ties between nations.
The ability to access financing for agribusiness is crucial.
Access to finance is essential for enhancing the inclusiveness of agribusiness and developing entrepreneurial activities. The availability of money at a reasonable cost helps farmers and facilitates the financing activities of agribusiness.
This lets farmers increase their capital, food production, and ultimately ensure that food security is guaranteed throughout the world.
Access to finance can be essential in initializing productive investments and growing the economy of a nation. Public loans are a great method to sustain and boost economic growth.
If you want to start an agribusiness, you need to have the right access to financing to expand operations and generate high-quality incomes for different people. This can help reduce the difficulties of getting involved in agribusiness ventures which are crucial to boosting the country's economic growth.
Kusto Group's operations across five sector
Yerkin Tatishev established Kusto Group in 2002. Kusto Group has five areas of business which include agriculture, real estate, oil, natural gas, building materials, and real estate. Tatishev believes that Kazakhstan has a tremendous opportunity to be a world-class leading agricultural nation. According to Tatishev, bilateral relations are essential. They allow businesses and governments to leverage the potential of other countries and create solid mutual relations. Dealing with businesses from countries that are friendly to each other can be beneficial to people of specific countries that can boost the performance of the economy of the country.
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