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Kazakhstan trade Partners

Trade & Economic Cooperation

Building “brand Kazakhstan”

For United States, Kazakhstan is a reliable partner and regional leader in Central Asia and the United States is one of the largest and fastest-growing trade partners of Kazakhstan. In 2013, the trade turnover volume between Kazakhstan and the US amounted to $2.7 billion, an increase of 9 percent as compared to the previous year.

Kazakhstan exported $1.4 billion worth of goods and services to United States in 2013. The exports were concentrated in natural resources. Top exports included oil products ($1 billion), iron and steel, uranium, tantalum and other uranium ores.

The overall volume of imports from the US was $1.3 billion. Non-agricultural imports represented $882 million, a 7 percent increase from 2012, and were concentrated in machinery ($333 million), aircraft ($204 million), electrical machinery ($127 million), vehicles ($71 million), and railway (locomotive parts) ($70 million). Agricultural exports, which totaled $80 million in 2013 were concentrated in poultry meat ($68 million).

The US is the fourth biggest foreign direct investor in Kazakhstan. Since 1993 the US has invested $ 25 billion in foreign direct investment. Between 2005 and 2013 the US was the second largest investor in the Kazakh economy, with majority of investment targeting the energy and mining sectors.

Kazakhstan annually hosts various investment and trade-economic events, where Kazakhstani government officials and business leaders present current and future investment opportunities open to US investment and establish frameworks for future cooperation with US businesses. During the investment road shows in 2012, GlaxoSmithKline, Innovaro, Transcosmos have signed memorandums of understanding with Kazakh businesses. During Kazakhstan-US Convention in 2013 the Government has officially presented EXPO-2017 and its opportunities for American energy companies.

Kazakhstan has worked with the US to develop into a prosperous market that embraces free-market competition. Under the framework of the annual bilateral consultations (ABC), founded in 2010, that has been elevated to Strategic Partnership Dialogue in 2012, Kazakhstan and the Obama Administration focus on creation of favorable conditions for the development of investment and trade as well as economic development more broadly. The US has pledged to support Kazakhstan in its effort to obtain the WTO membership and to deepen trade and investment ties, particularly in the sectors prioritized by Kazakhstan Strategy 2050.

Kazakhstan works closely with the United States to support its leadership role in economic development efforts in the Central Asia region. Together with Kyrgyzstan, Turkmenistan, Tajikistan, Uzbekistan, and Afghanistan the countries established the United States-Central Asia Trade and Investment Framework (TIFA) in 2004. In 2014, at the 9th Council Meeting, the countries focused on advancing accession of the countries into WTO, customs, investment, standards, and sanitary measures coordination, as well as procurement.

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  • State of Art printing technology, 8-Color offset lithography printing to ensure the HIGH RESOLUTION, LONG LASTING and exceptional image Quality. While most of the...
  • COPYRIGHTED material. Non-exclusive display rights granted to MSD . Thousands of Royalty Free Stock Images available and UPDATED DAILY. Search and visit our Amazon...
  • Our products are HANDMADE and Custom Printed upon Order. Due to HANDMADE processing may take 1-2 business days. Please Visit us for more Cell phones, Tablet cases...
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What is trade embargo? | Yahoo Answers

An agreement or a forced policy of most or all countries not trading with a particular country in order to isolate and weaken it. It's normally leverage applied to change behavior by the country under the embargo

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