Investment and trade opportunities of Kazakhstan presented in one of the main industrial and trade centers of Brazil

Investment and trade opportunities of Kazakhstan presented in one of the main industrial and trade centers of Brazil

Porto Alegre, May 23, 2022 – in the Federation of Industry of one of the main industrial and trade centers of Brazil - the state of Rio Grande do Sul (Porto Alegre), a presentation "Kazakhstan: trade and investment opportunities" was held with the participation of representatives of more 30 Brazilian companies.

Opening the event, Ambassador of Kazakhstan Bolat Nussupov briefed the audience on the current state and prospects for further development of economic cooperation between Kazakhstan and Brazil, with an emphasis on the existing potential for interregional cooperation in the agro-industrial complex and trade, taking into account the strategic location of the state with access to the Atlantic Ocean. The Ambassador also invited Rio Grande do Sul companies to join the work of the Kazakhstan-Brazil Business Council, established in 2021, co-chaired by the Kazakhstan Industry and Export Center QazIndustry and the National Industrial Confederation of Brazil.

In turn, the Ambassador of Brazil to Kazakhstan, Rubem Barbosa, online from Nur-Sultan, noted the importance of establishing trade and economic cooperation at the regional level. The Brazilian diplomat expressed hope that the first economic conference in the industrial and agricultural region of Brazil will expand the entire range of bilateral cooperation and raise its level.

The President of the Federation of Industry of the State of Rio Grande do Sul, Gilberto Petri highly appreciated the potential of bilateral trade and economic cooperation between Kazakhstan and the region and, in order to further expand it, offered to exchange business missions. According to him, at present there are good opportunities for building up regional contacts both at the level of official bodies and entrepreneurs of the two countries.

The Managing Director of the QazTrade Trade Policy Development Center Aiber Sagynayev 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.

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

At the end of the event, a discussion and exchange of views took place on new ways and opportunities for expanding business cooperation between Kazakhstan and the region in order to increase trade and investment activity.

Rio Grande do Sul is the ninth largest Brazilian state (the area of ​​the state is almost equal to the area of ​​Italy), the population is 11.3 million people. The state ranks fourth in the country in terms of GDP and exports. Rio Grande do Sul is one of the strategic ports of South America.