U.S.- Kazakhstan Business Council starts its work
Kazakhstan is an attractive partner for large foreign investors. Kazakh Prime Minister Askar Mamin and the United States Secretary of Commerce Wilbur Ross launched the work of the U.S.-Kazakhstan Business Council online. The virtual launch event was attended by more than 100 representatives of leading American companies, the U.S. Department of State, heads of domestic national companies and development funds.
The head of the government emphasized the growing competitiveness of the Kazakh economy amidst the high level of stability of the real sector. The stability of the national economy was also acknowledged by the leading international credit rating agencies.
U.S. Secretary of Commerce and CEO of the U.S. Chamber of Commerce stressed that with the establishment of the U.S.-Kazakhstan Business Council, investment cooperation between the two countries would reach a qualitatively new level. The United States is one of Kazakhstan’s largest economic, trade and investment partners. During the years of independence, the inflow of direct investment from the U.S. to Kazakhstan exceeded US$53 billion or 15 percent of the total amount of foreign capital attracted.