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Embassy of Kazakhstan in USA

Kazakh-US Relations Overview

Ollowing the break up of the Soviet Union. The Kazakh - US relationship is built on the cornerstone of nuclear nonproliferation and security, and over the course of two decades has grown to include strong bilaterial cooperation on trade, regional security and the stabilization of Afghanistan, regional economic integration, and development of civil society, rule of law and democracy. Kazakhstan considers the US one of its most important economic and diplomatic partners

In 2010, Kazakhstan and the United States launched the Annual Bilateral Consultations (ABC) under Strategic Partnership – a framework for cooperation on range of shared interests including regional cooperation, stabilization of Afghanistan, security, democratic reform, rule of law, human rights, civil society development, economic development, energy, science and technology, and people to people contacts. In accordance with the Action Plan, the parties created working groups that collaborate on these priority issues. Foreign Minister Idrissov and Secretary Kerry held the third meeting of the SPD on December 10, 2014 in Washington, D.C. A joint statement highlighted the broad cooperation between Kazakhstan and the United States and reaffirmed their commitment to further deepen the strategic partnership.

Kazakhstan presents attractive investment opportunities for American investors and companies, who have directed more foreign direct investment into Kazakhstan than any other country in the region. The US recently passed The Netherlands as the largest foreign direct investor in Kazakhstan, a credit to attractive government-provided economic incentives, increased foreign investor protections and improved rule of law. The United States-Kazakhstan Bilateral Investment Treaty came into force in 1994, and the United States and Kazakhstan signed an Investment Incentive Agreement in 1992.

Kazakhstan's Ambassador to the United States, Kairat Umarov, has been proactive in presenting Kazakhstan as a investment and export destination for American investors and companies, particularly small- and medium-sized enterprises (SMEs). Ambassador Umarov believes American SMEs and family businesses have a knowledge and expertise - acquired through technical innovation and generations of doing business - that can support the smart and efficient modernization of Kazakhstan's priority sectors.

Source: www.kazakhembus.com
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