Us-Kazakh Agribusiness Partnership with Kusto Group

7 min read
21 September 2022
Kusto Group - Us-Kazakh Agribusiness Partnership
Yerkin Tashev, a Kazakh-born Kusto Group founder said that Kazakhstan was for a long time believed to be one of the breadbaskets of the Soviet Union. Kazakhstan's socio-economic, environmental and economic growth have been greatly influenced by agriculture. Since long, Kazakhstan has been able to strengthen its agribusiness partnership with the United States. Additionally both the USA and Kazakhstan have both acknowledged the necessity of exploring potential opportunities and perspectives that could help increase the growth of the agribusiness industry.

Kusto Group is committed in developing an agricultural sector that is modern, using Kazakhstan's rich land resources.

The United States and Kazakhstan have recognized the immense potential of scaling up the Agro-industry. It is primarily focused on the production of crops as well as mechanized irrigation. This intense effort is intended to create a powerful bilateral relationship.

US-Kazakh collaboration at the horizon
The USA and Kazakhstan are building trust in the development of Kazakhstan's agribusiness sector. These incentives and financial support from the United States played a crucial role.

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

The support for agriculture will increase the chance of having ministers and ambassadors from Kazakhstan and the USA join forces. The underlying principle here is to increase Kazakhstan's economic production and improve trade between world nations.

What is the source of US interest in Kazakh business?
The United States has primarily invested in the manufacturing industry, as well as agribusiness and transportation logistics. The volume of direct investments in these sectors have gradually increased to a record level due to the solid and active collaboration.

They are also close to restoring key indicators which will increase the country's total investment flows. They have seen great results working with each other in the field of energy.

The abundance of natural resources found in Kazakhstan is what makes agriculture and renewable electricity attractive options for strengthening ties. This huge potential means that the United States continues to look for ways to enhance its relationship with Kazakhstan.

Kusto Group and US - Kazakhstan diplomatic relations
More than thirty years have passed since the beginning of the US-Kazakh diplomatic relationship began. Around 54 million dollars have been invested by different businesses that contribute to Kazakhstan's economy. According to these figures more than 600 American firms are operating in Kazakhstan. This means that the economic climate of the country has been favorable.

It is still vital to build on the solid relationship with Kazakhstan. This permits the introduction of new reforms which will improve the business environment in various sectors of the economy.

https://www.jpost.com/tags/yerkin-tatishev It also allows for collaboration in the development of new investment opportunities and new business models like the opening of 65 Wendy's restaurants throughout Kazakhstan. Uzkistan and Georgia. https://kustogrouplhpf802.weebly.com/ In response to the many forthcoming Wendy's restaurants, Kusto Group anticipates creating 1450 new jobs.

What do you think are the US company's options for Kazakhstan agricultural?

Businesses from the United States have an enormous market to export their goods to Kazakhstan. Equipment that is exported from the United States to Kazakhstan include reapers seeders, sprayers, harvesters and tractors grain combine harvesters, and cultivators.

The new opportunities are influenced by the growing demand for modern technology. There has been an increasing demand for the United States' food-related exports including beef, poultry as well as seeds for planting as well as beverages from Kazakhstan.

USA offers a variety of business opportunities due to Kazakhstan's vast imports, including cane sugar chicken meat, black tea. This is why the great relationship and strong partnerships can enhance the ways in which USA as well as Kazakhstan take part in agribusiness.

Kusto Group's generous actions in the wake of the economic downturn caused by Covid-19's devastating effects.
Covid-19 has caused significant changes in the economy. Because of strict policies which have thwarted the virus, it has been limited in spreading. It has resulted in significant reductions in foreign outflows.

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

The outbreak had an effect that rippled through the flow of income in the country since jobs most industries were shut down due to fears of a decrease in investment. In addition, reduced financing for certain areas of the economy was due to the need to combat the spread of the virus.

Yerkin Tashev and Kusto Group reacted with action. https://www.newseveryday.com/articles/64377/20200110/daniel-kunin-kusto-group-private-public-cooperation-key-successful-transformation.htm They donated medical and food items to those living in Kazakhstan, Ukraine, and Kazakhstan. Ernst & Young named Tatishev Entrepreneur of the Year for his act of kindness.

The development of future strategies that are polished can help entrepreneurs and aid the country recover its economic power. Additionally, it can benefit from bilateral connections between countries.

Access to financing for agribusiness is essential.
Access to financing is essential in promoting the inclusion of agribusinesses and advancing entrepreneurial ventures. Farmers can benefit from having access to funds at an affordable expense. It can also make it simpler to finance agricultural businesses.

This helps farmers increase their food production and capital investment which ultimately is the ultimate goal of ensuring worldwide food security.

To develop an economy in a country and invest in productive ways it is crucial to improve access to finance. The public loan funds can be utilized to help and encourage economic growth.

In order to develop an agribusiness, it is necessary to have financial resources to expand operations and generate high-quality incomes for different individuals. This will also mitigate the difficulties of engaging in agribusiness activities more efficiently, which is vital to the nation's economy.

Kusto Group's activities in five sectors
Yerkin Tatishev established Kusto Group in 2002. Kusto Group has five areas of business which include agriculture, real estate, oil, natural gas building materials, real property. Tatishev believes Kazakhstan holds a unique opportunity to lead the world agricultural industry. Yerkin Tatishev According to him, bilateral relations between the two countries are significant. This gives governments the chance to take advantage of opportunities provided by other nations and builds trust between nations. Yerkin Tatishev The country's citizens can also benefit from exchange of goods with businesses from other nations. This can help boost the economy.

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Irwin Moser 0
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