Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Prime Minister Askar Mamin and US Secretary of Commerce Wilbur Ross launched Kazakh-American Business Council

Tuesday, 27 October 2020, 10:16:02

Prime Minister of the Republic of Kazakhstan Askar Mamin and US Secretary of Commerce Wilbur Ross took part in an online opening ceremony of the Kazakh-American Business Council at the US Chamber of Commerce.

The head of Kazakh government noted that the United States of America is one of the largest economic, trade and investment partners of Kazakhstan. During the years of Kazakhstan's independence, the inflow of direct investments from the United States to Kazakhstan exceeded $53 billion, or 15% of the total amount of attracted foreign capital.

Leading American companies are widely represented in the machine-building, chemical, construction, IT, agro-industrial mining and metallurgical and oil and gas sectors of the economy of the Republic of Kazakhstan.

The prime minister noted that as the Kazakhstani economy enters a recovery trajectory from the current crisis in world markets, the government intends to intensify efforts to attract American industries to Kazakhstan.

The head of government stressed the growth of the relative competitiveness of the Kazakh economy against the background of a high level of stability of the real sector.

The sustainability of the national economy was assessed by leading international credit agencies. Moody’s, Fitch and S&P emphasized the low level of government debt, the stability of the fiscal system, and the effectiveness of the anti-crisis measures taken by the government.

The prime minister spoke about the Strategic Development Plan of Kazakhstan until 2025, a targeted approach to attracting foreign capital and measures to further improve the investment climate.

“Attracting investment will go a long way in our new economic model. New measures will allow the investment climate of Kazakhstan to correspond to the most competitive economies in the world,” Mamin said.

In turn, US Secretary of Commerce Wilbur Ross, President of the US Chamber of Commerce Tom Donohue and Chief Executive Officer of Chevron Michael Wirth, speaking at the ceremony, noted that with the establishment of the Kazakh-American Business Council, investment cooperation between the countries will reach a qualitatively new level. At the same time, the stability and attractiveness of the Kazakhstani economy for American business was emphasized.

More than 100 representatives of leading American companies — Chevron, GE, Shell, J.P. Morgan Chase, Princeton Healthcare Alliance, Pfizer, Tyson Foods, IBM, Oracle, Facebook, Google, DuPont Pioneer the US State Department, the American Council for International Education, members of the government of Kazakhstan, heads of Samruk-Kazyna Sovereign Wealth Fund JSC, national companies and development funds of the Republic of Kazakhstan, Ambassadors of the Republic of Kazakhstan to the United States Erzhan Kazykhanov and the United States to the Republic of Kazakhstan — William Moser and others took part in the event via teleconference.

The Kazakh American Business Council at the US Chamber of Commerce will unite American companies doing business in Kazakhstan. CEO of Chevron Michael Wirth was elected chair of the Business Council.


News feed
20 January 2021, 14:13
Prime Minister Askar Mamin visits North Kazakhstan region on a working trip
19 January 2021, 10:58
Over 10 thousand police officers and military personnel of National Guard involved in quarantine actions — Yerlan Turgumbayev
19 January 2021, 09:45
Mass vaccination of population to start on Feb. 1 in Kazakhstan
18 January 2021, 21:46
Government session to be held Jan. 19 in Ukimet Uyi
18 January 2021, 20:01
Prime Minister Askar Mamin introduces new ministers of national economy, labor and social protection of the population
15 January 2021, 19:07
President took part in the Plenary Session of the Majilis of the Parliament
15 January 2021, 16:25
President Kassym-Jomart Tokayev signs decree appointing Askar Mamin as Prime Minister of the Republic of Kazakhstan
15 January 2021, 10:04
President Kassym-Jomart Tokayev signs Decree on Government of the Republic of Kazakhstan
12 January 2021, 20:12
American Valmont Industries to launch plant for production of advanced irrigation systems in Kazakhstan
12 January 2021, 14:16
Volume of oil and condensate production in Kazakhstan in 2020 amounted to 85.7 million tons — Nurlan Nogayev
12 January 2021, 13:13
Agro-industrial complex of Kazakhstan in 2020 showed positive dynamics of development
12 January 2021, 13:00
At the end of 2020, state budget revenues plan fulfilled by 102.7% — Yerulan Zhamaubayev
12 January 2021, 11:55
Production of vehicles had positive effect on growth of machine-building industry — Beibut Atamkulov
12 January 2021, 10:51
Income of National Fund at the end of 2020 remained positive — Erbolat Dossaev
12 January 2021, 10:43
In 2020, employment measures covered 1.4 million people, tax breaks were received by 700 thousand entrepreneurs — Ministry of National Economy
12 January 2021, 10:02
In 2020, real sector became the main factor in stability of Kazakhstan’s national economy
11 January 2021, 19:20
Government session to be held Jan. 12 in Ukimet Uyi
11 January 2021, 10:36
Prime Minister Askar Mamin voted in elections of deputies to Majilis from Assembly of the People of Kazakhstan
10 January 2021, 07:46
Prime Minister of Kazakhstan Askar Mamin voted in parliamentary elections
08 January 2021, 15:54
World Bank improved its estimates for economic dynamics of Kazakhstan in 2020
08 January 2021, 14:03
Kazakhstan is developing investment cooperation with the United States through AIFC platform
07 January 2021, 08:08
Prime Minister of Kazakhstan Askar Mamin congratulates Kazakhstanis on Christmas
01 January 2021, 00:10
Prime Minister Askar Mamin congratulates Kazakhstanis on New Year
30 December 2020, 19:54
Yeraly Tugzhanov gets acquainted with production of unique devices for treatment of lung diseases
30 December 2020, 13:47
Fifty schools for 170 thousand places to be built under public-private partnership in Kazakhstan PPP
29 December 2020, 11:49
By 2030, Kazakhstan plans to grow about 270 thousand tons of marketable fish per year – Magzum Mirzagaliyev
29 December 2020, 11:33
Kazakhstan developed draft new General Agreement for 2021-2023 on achievement of Decent Work concept
29 December 2020, 10:00
Government adopts Program for Development of Fishing Industry until 2030
29 December 2020, 09:38
Askar Mamin instructs to ensure effective control over observance of labor rights of citizens
28 December 2020, 22:40
Government session to be held Dec. 29 in Ukimet Uyi
28 December 2020, 14:16
Alikhan Smailov participates in meeting of Council of Eurasian Economic Commission
24 December 2020, 17:37
Prime Minister Askar Mamin chairs meeting of Council on Transition to Green Economy under President of Kazakhstan
24 December 2020, 17:13
Askar Mamin chairs meeting of State Commission for Control over Construction of Nur-Sultan
24 December 2020, 11:31
Yerzhan Kazanbayev appointed vice minister of trade and integration of the Republic of Kazakhstan
24 December 2020, 11:29
Azamat Askaruly relieved as vice minister of trade and integration
23 December 2020, 12:16
Expansion of Makinsk poultry farm to improve food security in Kazakhstan — Askar Mamin
22 December 2020, 18:35
Government considers progress in implementation of Nation's Plan "100 Concrete Steps''
22 December 2020, 18:21
Minister of Defense speaks on military equipment of Armed Forces and service during emergency
22 December 2020, 11:48
Introduction of water-saving irrigation technologies to reduce water consumption and increase yields – Saparkhan Omarov
22 December 2020, 11:16
Ministry of Justice of Kazakhstan: Government’s plan of legislative work for 2020 fully implemented
22 December 2020, 10:21
192 billion tenge to be allocated for digitalization of trunk canals within 5 years — Magzum Mirzagaliyev
22 December 2020, 10:00
Government considers Plan of Legislative Work for 2021
22 December 2020, 09:50
Government considers issues of using water resources
21 December 2020, 16:17
Government session to be held Dec. 22 in Ukimet Uyi
21 December 2020, 13:17
Askar Mamin launches production of Yutong buses in Saran
21 December 2020, 11:09
Production of Sputnik V vaccine begins in Kazakhstan
20 December 2020, 16:38
From Dec. 25, 2020 to Jan. 5, 2021, restrictive measures to be strengthened in Kazakhstan
20 December 2020, 11:47
Single platform for protection of consumer rights to be launched in Kazakhstan — Ministry of Trade and Integration
19 December 2020, 14:32
Kazakhstan starts vaccination of three thousand volunteers with domestic QazCovid-in vaccine
16 December 2020, 10:48
Prime Minister Askar Mamin congratulates Kazakhstanis on Independence Day
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.