Today in Astana, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev met with US Secretary of Commerce Wilbur Ross.

The discussion covered prospects for further expansion of trade, economic and investment cooperation between the countries, as well as issues of implementing the agreements reached during the visit of President of Kazakhstan N. Nazarbayev to the United States in January of this year. Along with the traditional sectors of interaction, such as energy and agriculture, the interlocutors dwelled on the prospects for the development of mutually beneficial relations in the field of innovation, chemistry, petrochemistry, engineering, infrastructure, transport and logistics, finance, space technology, etc.

The volume of trade for the first 8 months of this year amounted to $ 1.462 billion, which is 29% higher compared to the same period in 2017 ($ 1.133 billion), and the inflow of investments from the United States for the first half year increased by 44.7%.

According to the National Bank of Kazakhstan, in the first half of 2018, direct investment from the USA to Kazakhstan amounted to $ 2.79 billion, which is 44.7% more compared to the same period in 2017 ($ 1.93 billion). In total, as of July 1, the gross volume of FDI from the USA to the economy of Kazakhstan since 2005 amounted to $ 33.76 billion.

In the past six months alone, more than 60 American companies visited Kazakhstan with the aim of holding business negotiations and meetings. Today, more than 700 American companies are successfully operating in Kazakhstan.

www.primeminister.kz

Published: 24 October 2018

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