Kazakhstan has attracted significant foreign investment since independence. The U.S. is one of Kazakhstan’s most important economic partners. Bilateral cooperation is affirmed by one-on-one meetings between presidents. Most recently Presidents Trump and Tokayev meet on the sidelines of the UN General Assembly in September 2019, and then-President Nursultan Nazarbayev visited the White House in January 2018. There exists bilateral resolve to strengthen cooperation in trade and investment, security and people-to-people relationships within the framework of an Enhanced Strategic Partnership Dialogue. Kassym-Jomart Tokayev, who was sworn in as the new President of Kazakhstan on March 20, 2019, reaffirmed his commitment to continue the country’s foreign and economic policy.
Growth Across the Board
Kazakhstan and the US have shown strong and steady commercial relations across all major indices that measure economic activity.
The first meeting on Economic Cooperation was held in Washington Oct. 18 between commissions led by Kazakh Minister of Trade and Integration Bakhyt Sultanov and U.S. Secretary of Commerce Wilbur Ross. The meeting was carried out in accordance with the commitments reached between First President of Kazakhstan - Elbasy Nursultan Nazarbayev and U.S. President Donald Trump during the former’s official visit to Washington in January 2018, as well as business meetings with Kazakh President Kassym-Jomart Tokayev in New York in September 2019.
The parties reaffirmed their commitment to deepen the countries’ expanded strategic partnership, noting the growth in mutual trade and investment. Sultanov also noted significant potential for increasing Kazakh exports. At present, 50 items worth approximately $1 billion can additionally be delivered to the American market. The agenda included interaction issues within mechanisms including the World Trade Organisation (WTO) and Organisation for Economic Co-operation and Development (OECD). The co-chairs also noted the need to use the mutually beneficial capabilities of the U.S. Corporation for International Development Financing and Astana International Financial Centre.
Trade & Commerce
Kazakhstan is the most efficient and investment-friendly transit hub for the greater Eurasia region. By 2020 the country aims to become a key logistics hub for Eurasia and beyond by de... Read more
Foreign Direct Investment
The US is one of the leading foreign direct investors in Kazakhstan. The foreign direct investment (FDI) from the United States to Kazakhstan in the first half of 2018 reached $2.79 bi... Read more
The United States pays great attention to energy cooperation and has supported Kazakhstan in its efforts to increase its role in ensuring global energy security. The Energy Par... Read more
Science & Technology
Another prominent initiative is the Science and Technology Commission, which was launched June 24-25, 2013 in Nur-Sultan by the U.S. State Department and the Ministry ... Read more
US Companies in Kazakhstan
U.S. companies were among the very first to do business in a newly independent Kazakhstan. The path these early American multinationals and investors first trudged has since 1991 worn ... Read more