Investment and tradе opportunities of Kazakhstan were presented in the leading financial center of South America - Sao Paulo

Sao Paulo, April 18, 2022 – the first Kazakh-Brazilian business forum "Kazakhstan: trade and investment opportunities" was held in a major financial and industrial center of South America – Sao Paulo with the participation of more than 40 Brazilian companies operating in such economic sectors as mining, energy, agriculture and industrial production.

Opening the event, the Ambassador of Kazakhstan, Bolat Nussupov, briefed the audience on the current state and prospects for economic cooperation between Kazakhstan and Brazil, focusing on the existing potential in the agro-industrial complex and the mining industry. The diplomat also spoke about the activities of the Kazakh-Brazilian Business Committee established last year under the co-chairmanship of the Kazakh Center for Industry and Export "QazIndustry" and the National Industrial Confederation of Brazil (CNI), as well as plans to increase trade and economic cooperation this year.

At the same time, the Ambassador pointed out the urgent need to accelerate the coordination and signing of agreements in the field of investment and technical cooperation, which will create a reliable basis for the implementation of joint projects.

In turn, Director of the Department of Russia and Central Asia of the Ministry of Foreign Affairs of Brazil Pedro Terra, welcoming the Kazakh delegation to the economic center of the southern hemisphere, highly appreciated the potential of bilateral trade and economic cooperation and expressed hope for its further expansion, taking into account the existing capabilities of Kazakhstan and Brazil, as well as their strategic role in their regions. The Brazilian diplomat assured that his government is ready to promote and encourage economic cooperation between the two countries in every possible way, including expanding the legal framework and diversifying mutual trade.

The General Director of Trade Policy Development Center "QazTrade" Azamat Askaruly dwelled in detail on the trade, economic, transport and logistics potential of Kazakhstan, and also presented promising commodity groups of Kazakhstani products for export to the local market, including sulfur and fertilizers. Particular attention was paid to the possibility of purchasing sugar cane from Brazil, as well as other products.

During the event, the representative of NC "Kazakh Invest" Galymzhan Matayev informed about the investment policy of Kazakhstan, the measures taken to improve the investment climate and new support tools for potential investors, and also presented investment proposals for Brazilian companies.

Director for Institutional Relations and Marketing of "WEG" Daniel Godinier, highly appreciating the existing potential of Kazakhstan, government support measures, as well as the current level of WEG activities in the Central Asian region, said that the company is considering the possibility of establishing a full cycle of production of high-tech equipment in Kazakhstan in energy and mining industry with further service support.

President of the Chamber of Commerce and Industry "Brazil-Kazakhstan" Cassiano Pereira Viana, having told in detail about the trend of development of mutual trade between the countries in recent years, familiarized the participants with the trade and transit potential of Kazakhstan. At the same time, based on the analysis, the speaker singled out in his speech promising commodity groups of Kazakh products for export to the local market, which could be in high demand in Brazil.

During the forum, a discussion and exchange of views took place on new ways and opportunities for expanding business cooperation between the two countries in order to increase trade and investment activity. The event was attended by representatives of the business circles of the Brazilian states, who are also interested in the development of regional cooperation.