U.S. Chamber of Commerce announces launch of U.S.-Kazakhstan Business Council
The launch of the U.S.-Kazakhstan Business Council was officially announced. According to the press office of Kazakh Foreign Ministry, its main mission is to further deepen economic ties between the two countries through the enhanced platform of the U.S. Chamber of Commerce.
“Building on existing corporate engagement in Kazakhstan, we are excited to now play an active role in the bilateral relationship as the two countries prepare to celebrate the 30th year of diplomatic relations,” said Myron Brilliant, Executive Vice President and Head of International Affairs at the U.S. Chamber of Commerce.
President of an energy corporation for the Asia-Pacific region Nigel Hearne said that the integration of the U.S.-Kazakhstan Business Assosiation into the U.S. Chamber of Commerce will provide the business community with the necessary tools to develop this important and strategic relationship.
In turn, Kazakh Ambassador to the United States Yerzhan Kazykhanov described the launch of the U.S.-Kazakhstan Business Council in the U.S. Chamber of Commerce “as a historical event that gives a strong impetus for an enhanced Kazakhstan-U.S. trade and economic partnership and will create jobs and opportunities in both countries”.
“As a leading economy of Central Asia, Kazakhstan remains a reliable partner of the United States and stands committed to mutually beneficial cooperation with the U.S. companies,” Kazykhanov added.
To date, trade between Kazakhstan and the U.S. stands at nearly US$2 billion (838 billion tenge) per year. In addition, there are great opportunities for further growth of mutual trade in such sectors of the economy as agriculture, energy, mining, and infrastructure. There are currently more than 700 U.S. companies operating in Kazakhstan.