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 of the Soviet Union. Agriculture has played a key contribution to Kazakhstan's economy as well as environmental growth. Kazakhstan has created strong ties to strengthen its collaboration in agribusiness with the United States for a long period of. Both the USA and Kazakhstan acknowledged the necessity of examining potential and emerging opportunities that could increase the growth of the agribusiness industry.
Kusto Group is determined to create a modern agricultural sector that makes the most of the vast land resources in Kazakhstan.
Thus, the United States and Kazakhstan highlighted the immense potential for scaling up the agro industry, particularly in the field of crop production as well as mechanized irrigation and protein. It is a significant attempt to build a stronger bilateral connection.
The US-Kazakh collaboration is on the horizon
The USA and Kazakhstan have forged solid bilateral relations which has raised confidence in Kazakhstan's capability to grow its agribusiness industry. https://medium.com/@e4soplr477/ey-awards-kusto-groups-yerkin-tatishev-entrepreneur-of-the-year-789959a8be63 The incentives as well as the financial assistance by the United States played a crucial role.
A plan to improve the bonds between nations has included a more thorough trade and economic integration.
Supporting agriculture activities is another method to increase the likelihood of ambassadors, ministers and business partners from Kazakhstan and the USA joining forces. The underlying principle here is to increase the economic output of Kazakhstan and to improve trade between world nations.
Where does the US interested in Kazakh business from?
The United States has primarily invested in the manufacturing sector, in addition to agribusiness, and transport logistics. These sectors have seen record volumes of direct investments because of the strong and ongoing collaboration.
Both countries are nearing the point of getting back key indicators in order to increase the country's total investment flow. Yerkin Tatishev They have achieved great cooperation in the sector of energy.
Daniel Kunin The wealth of resources found in Kazakhstan makes agricultural and renewable energy appealing options for strengthening relations. With this huge potential it is no wonder that the United States is still exploring more opportunities to bolster its interests as it improves its relations with Kazakhstan.
Kusto Group and US - Kazakhstan diplomatic relations
The diplomatic relations between the US and Kazakhstan have been in effect for over 30 years. Around 54 billion dollars have been invested into various companies working for the Kazakhstan economy. The statistics indicate that over 600 American firms are operating in Kazakhstan. This suggests that there is an attractive trade environment.
A key element of discussion is the strengthening of the close relationship between the US and Kazakhstan. This will help to initiate new reforms to can improve business conditions in various areas of the economy.
It also allows cooperation in the creation of new opportunities and investment options for example, the opening of 65 Wendy's restaurants across Kazakhstan. Kusto Group Uzkistan as well as Georgia. To accommodate the numerous forthcoming Wendy's establishments, Kusto Group anticipates creating 1450 new jobs.
https://danielkuninkustogroupwuln133.weebly.com/blog/archives/12-2021 What are the opportunities for American businesses in Kazakhstan agriculture?
The US has a huge market for its products which export to Kazakhstan. Equipment that the United States exports to Kazakhstan includes sprayers. reapers. seeders. tractors. grain harvesters that combine harvesters. and cultivators.
https://yerkintatishev.com/ The new opportunities are a result of the growing need for the latest technology. There has been an increasing market for the United States' food-related exports including beef, poultry plants, seeds for plantation, as well as beverages from Kazakhstan.
USA is a great place to explore business opportunities thanks to Kazakhstan's huge imports of sugar as well as poultry meat, and black tea. A strong partnership and a solid relationship can boost the US and Kazakhstan involvement in agribusiness activities.
Kusto Group's generosity in the economic downturn caused by Covid-19
Covid-19's emergence has caused major challenges in countries, which caused a drop in certain areas of the economy. The amount of outflows from the external market reduced significantly because of strict policies that were implemented to cap the virus.
The immense pressures that were triggered by the pandemic in significant sectors of the economy also affected the sources for development finance.
The impact of the epidemic on the flow of income was evident in many ways. Numerous industries shut down because of the fear of losing investments. Because of the necessity for the virus to be eradicated, some sectors saw reduced funding.
Yerkin Tashev and Kusto Group reacted with action. They donated medical and food items to hospitals and people living in Ukraine and Kazakhstan. Ernst & Young, a international professional services firm has presented Tatishev the Entrepreneurship of the Year award to recognize his charitable acts.
The country can also benefit by the creation of strategies to assist entrepreneurs and regain its economy's viability. This will also help strengthen bilateral relations between nations.
The need to improve access to finance for agribusiness.
Access to finance is essential for boosting participation in agriculture and establishing entrepreneurial ventures. Farmers are empowered by having access to low-cost funds that allow them to finance their farming business.
This allows farmers and other to increase their capital investment as well as the production of food. https://www.newseveryday.com/articles/64377/20200110/daniel-kunin-kusto-group-private-public-cooperation-key-successful-transformation.htm The goal is global food security.
It is essential to increase the access to financial services in order for productive investments to be made and the country's economy developed. Public loans are an excellent way to boost and sustain economic growth.
To develop agribusiness, it is necessary to have access to financing that allows for the expansion of operations which can create large-scale incomes for a lot of people. This can ease the process of engaging in agricultural commercial activities in more efficient ways to improve the nation's economy.
Kusto Group's business activities across five different sectors
Yerkin Tatishev established Kusto Group in 2002. The company is active in five areas: agriculture, oil, gas real estate, construction, and building materials. Tatishev believes that Kazakhstan offers a huge opportunity to be a world leader in agriculture. He believes that bilateral relations between nations are vital. These ties allow governments to profit from the opportunities offered by other countries and build strong relationships with each other. Trading with companies from friendly nations can also benefit the residents of certain nations and boost the country's economic performance.