Prospects for Kazakh-Brazilian cooperation in the field of industry were discussed

Brasilia, April 4, 2024 – Ambassador of the Republic of Kazakhstan to Brazil Bolat Nussupov met with the President of the Brazilian National Agency for Industrial Development (ABDI) Ricardo Garcia Cappelli.

During the conversation, the parties discussed key issues of bilateral trade, economic and investment cooperation between two countries, including the prospects for industrial cooperation and joint training of engineering and technical personnel. In this context, the possibility of establishing partnerships between the Brazilian agency «ABDI» and The Association of Kazakhstan Machinery Industry was considered.

Bolat Nussupov also familiarized the interlocutor with the main aspects of socio-economic reforms in the framework of the President Kassym-Jomart Tokayev`s State of the Nation Address «Economic course of a Just 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, Kazakh diplomat spoke about government measures to support foreign investors in Kazakhstan and invited «ABDI» to cooperate in attracting more Brazilian companies to implement investment projects in Kazakhstan. As a successful example, he mentioned the investment project of the Brazilian company «WEG» to localize the production of motor gearboxes in Kazakhstan.

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 «ABDI» to take part in the third meeting of the Brazil–Kazakhstan Business Council in Porto Alegre on May 16-17 this year.