Kazakhstan Unveils Current US Investment Volume
Date
6/14/2024 3:12:22 PM
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, June 14. The US is one of
the largest investors in Kazakhstan's economy, with total direct
foreign investments exceeding $65 billion, said President of
Kazakhstan Kassym-Jomart Tokayev said as he received US Trade
Representative Ambassador Katherine Tai, Trend reports.
"Last year, trade between our countries hit a record high of
$4.1 billion, marking a 30 percent increase. Currently, over 600 US
companies are successfully operating in Kazakhstan. I place great
importance on enhancing investment appeal, liberalizing the
economy, and supporting industrial development," said Tokayev.
The US trade rep emphasized new strategies for developing trade
relations and creating the necessary conditions to strengthen
economic cooperation, particularly within the framework of the
Trade and Investment Agreement.
The volume of trade turnover between Kazakhstan and the US
amounted to $4.1 billion in 2023. The volume of trade turnover
increased by 32.7 percent compared to the same period in 2022
($3.053 billion).
At the same time, exports to the US for the above period
amounted to $1.509 billion, which is 30.1 percent more than from
January through December 2022 ($1.152 billion).
In addition, imports from the US from January through December
2023 increased by 33.7 percent and amounted to $2.541 billion. In
2022, imports amounted to $1.9 billion.
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