Government • 21 August, 2019

A. Mamin discusses issues in developing trade and economic cooperation with US Under Secretary of State

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Prime Minister Askar Mamin held talks with US Under Secretary of State for Political Affairs David Hale, who arrived in Nur-Sultan for an official visit to attend the C5 + 1 meeting on developing dialogue between Central Asian countries and the United States, reports primeminister.kz. 

The parties noted the importance of implementing the agreements concluded between the First President – Elbasy Nursultan Nazarbayev and the President of the United States Donald Trump during an official visit to the United States in 2018.

During the negotiations, topical issues of the development of bilateral trade, economic and investment cooperation were discussed. The USA is one of the largest investors in the economy of Kazakhstan. Between 2005 and 2018, the gross inflow of direct investment from the United States to Kazakhstan amounted to $40 billion. Last year, US investment in Kazakhstan set a new absolute record, reaching $5.3 billion. In January-June 2019 trade between the two countries amounted to $1.1 billion, which is 31.8% higher than the same period last year.

David Hale noted the attractiveness of Kazakhstan for US investors.

“We have great potential to develop our economic relations,” Askar Mamin said, emphasizing the prospects for deepening mutually beneficial cooperation between the countries in the fields of energy, agriculture, health, information technology, logistics, tourism, and the aerospace industry. “I’m sure that your visit will give a serious impetus to strengthening the interaction of countries.”

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