Investment and trade opportunities of Kazakhstan presented to the Brazilian business community

Brasilia, November 24, 2021 - Kazakhstan's investment and trade opportunities were presented for local business community during the working visit of Deputy Minister of Foreign Affairs of Kazakhstan Almas Aidarov to Brazil.

Opening the event, Ambassador of Kazakhstan Bolat Nusupov briefed the participants about the current state and prospects of economic cooperation between Kazakhstan and Brazil and focused on the development of cooperation in mining and agribusiness.

Mr. Aidarov elaborated on the trade, economic, and investment potential of Kazakhstan, as well as on expanding bilateral cooperation, particularly within the framework of the Kazakhstan-Brazil Business Committee co-chaired by the Kazakhstan Industry and Export Center “QazIndustry” and the National Industrial Confederation of Brazil, and the Interdepartmental Working Trade and Economy Group established this year.

At the end of the event, Cassiano Pereira Viana, President of the Kazakhstan-Brazil Chamber of Commerce and Industry, spoke in detail about bilateral trade in recent years, presented the trade and transit potential of our country, as well as promising commodity groups of Kazakh products for export to the local market.

Representatives of more than 30 Brazilian companies operating in such sectors of the economy as mining, energy, agriculture and industrial production attended the event.

On the sidelines of the event, the Deputy Foreign Minister held a bilateral meeting with the leadership of WEG, a leading Brazilian company in industrial electrical equipment production. The parties discussed the company's activities in Kazakhstan, as well as the possibility of its expansion, including by launching a service hub and localizing an electrical equipment manufacturing plant. Moreover, Mr. Aidarov held talks with Graziano Messana, candidate for Honorary Consuls of Kazakhstan in the economic center of South America – the state of Sao Paulo and the CEO of GM Venture, the company which manages assets of more than 50 companies. During the meeting, Mr. Messana was informed of investment and trade projects in Kazakhstan.