Kazakh-American Business Council officially launched

Prime Minister of Kazakhstan Askar Mamin and U.S. Secretary of Commerce Wilbur Ross officially launched the Kazakh-American Business Council at the US Chamber of Commerce with the aim of further expanding trade and economic cooperation between Kazakhstan and the United States.

The President of the US Chamber of Commerce Thomas Donohue, CEO of Chevron Michael Wirth, leadership of the largest American corporations, as well as members of the government and heads of national companies of the Republic of Kazakhstan took part in the ceremony.

The Head of the Government of Kazakhstan noted that the United States of America is one of the largest economic, trade and investment partners of Kazakhstan. During the years of Kazakhstan's independence, the inflow of direct investments from the United States to Kazakhstan exceeded $ 53 billion, or 15% of the total amount of attracted foreign capital. There are over 600 companies with American participation in the Republic of Kazakhstan, which are widely represented in the machine-building, chemical, mining and metallurgical, oil and gas, construction, IT and agro-industrial sectors of the economy of the Republic of Kazakhstan. The Prime Minister of Kazakhstan noted the interest of the government of Kazakhstan in further building up bilateral trade and implementing joint investment projects with the United States

US Secretary of Commerce Wilbur Ross praised the economic opportunities of Kazakhstan and drew attention to the need for further expansion of trade and economic cooperation between the two countries. In addition, the head of the US Department of Commerce emphasized the possibility of investing in non-resource sectors of the Kazakhstani economy, especially during the global economic slowdown.

The mission of the Business Council is to further deepen economic ties between Kazakhstan and the United States through the expanded platform of the US Chamber of Commerce. With its great success story of partnership with Kazakhstan, Chevron has been named Corporate Chair of the USKZBC. The Secretariat of the Business Council is located at the headquarters of the US Chamber of Commerce in Washington, DC.

 

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The US Chamber of Commerce is the world’s largest business organization, uniting and representing the interests of about 3.5 million American companies, 3 thousand regional chambers and has more than 90 of its representative offices abroad.