The trade turnover between the United States and Kazakhstan increased by almost 40 last year%

Prime Minister of Kazakhstan Alikhan Smailov and U.S. Ambassador to Kazakhstan Daniel Rosenblum discussed topical issues of bilateral cooperation between the Republic of Kazakhstan and the United States of America, the press service of the Prime Minister of Kazakhstan reports. As the head of government noted, the trade turnover between the countries increased by almost 40% last year and amounted to $3.1 billion. At the same time, Kazakhstan sees significant potential for further increase in trade volumes and is ready to increase exports of 90 commodity items by $800 million. At the same time, the United States occupies one of the leading places in terms of direct investments in Kazakhstan. Last year, the inflow of American investments increased almost 2 times and exceeded $5.1 billion. This corresponds to pre-pandemic record levels," the press service noted. The Prime Minister also stressed that Kazakhstan considers the United States a strategic partner in both bilateral and multilateral formats. Today, more than 900 joint ventures are successfully operating in the Republic of Kazakhstan. As before, we are determined to further deepen and strengthen mutually beneficial cooperation with the United States on the entire agenda of broad-format cooperation," Alikhan Smailov said. In turn, Daniel Rosenblum stressed that there is a huge potential for further development of Kazakh-American relations based on common interests. We want to strengthen investment indicators and increase bilateral trade turnover. US companies are interested in expanding their activities in Kazakhstan in various fields. This applies to the mining and metallurgical complex, agriculture, healthcare, information and communication and "green" technologies, as well as the transport sector," Daniel Rosenblum said. He added that about 20 American companies representing a wide range of sectors plan to form a business mission and visit Kazakhstan this summer. Following the meeting, the parties confirmed their readiness to maintain active contacts in all mutually beneficial areas of cooperation. Earlier it was reported that the leaders in terms of investment in Kazakhstan were Netherlands and USA.