The potential of industrial cooperation was discussed

Brasilia, March 20, 2024 – Ambassador of the Republic of Kazakhstan to Brazil Bolat Nussupov held a meeting with the newly elected President of the Brazil’s National Confederation of Industry (CNI) Ricardo Alban, during of which he discussed key issues of bilateral trade, economic and investment cooperation between the two states.

The Ambassador of Kazakhstan thanked the leadership of the Brazil’s National Confederation of Industry for their support and active participation in the activities of the Kazakh-Brazilian Business Council established in 2021 as a co-chairman and outlined proposals for the agenda of its 3rd meeting, which will be held on May 16 this year in Porto Alegre.

During the conversation, Bolat Nussupov also familiarized the interlocutor with the main aspects of socio-economic reforms in the framework of the Kazakhstan’s President Address "The Economic Course of a Fair Kazakhstan", where highlighted the necessity of creation in Kazakhstan clusters with a high degree of processing and value added in industries. At the same time, it was noted that the manufacturing industry should become the main driver in the development of the Kazakh economy, which will entail the creation of new jobs.

In this context, Ambassador Nussupov spoke about government measures to support foreign investors in Kazakhstan and invited the Brazil’s National Confederation of Industry to cooperate in attracting more Brazilian companies to implement investment projects in Kazakhstan. As a successful example, he cited the investment project of the Brazilian company "WEG" to localize the production of motor gearboxes in the Republic of Kazakhstan.

In turn, Ricardo Alban highly appreciated the potential of Kazakh-Brazilian cooperation in the field of economics and industrial cooperation, and also assured of his full and unconditional support for the projects of Brazilian companies in Kazakhstan. According to the President of CNI, the Brazil’s National Confederation of Industry, as co-chairman of the Business Council, will continue to make its contribution to the expansion and strengthening of business ties between Kazakhstan and Brazil.

The parties agreed to continue constructive dialogue and successful cooperation. At the end of the meeting, the Ambassador of Kazakhstan invited the new leadership of CNI to participate in the Astana International Forum on June 13-14 this year. Mr. Gilberto Porcello Petri, Vice-President of the Brazil’s National Confederation of Industry and Co-Chairman of the Brazil-Kazakhstan Business Council has also taken part in the meeting.