Kazakhstan- Business Opportunities
Mr. Yerlan Alimbayev, Ambassador of the Embassy of the Republic of Kazakhstan accepted the Honorary Membership of Global India Business Forum, in the presence of Global President Dr. Jitendra Joshi and Global Youth Coordinator Mr Abhishek Joshi. Realizing the strengths of Global India Business Forum and the Consulate of the Republic of Kazakhstan and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking.
The Republic of Kazakhstan, or simply called Kazakhstan, is a transcontinental country which is located in Central Asia, with some part of the country in Western Europe. It is also the largest landlocked country in the world, with a land area of 27,24,900 sq. km. Kazakhstan is said to be the most dominant country in the Central Asia region as the country generates nearly 60% of the region’s GDP and hence has a major influence on other countries in this region through its oil and gas industries. Kazakhstan shares its borders with countries like Russia, China, Kyrgyzstan, Uzbekistan and Turkmenistan. It also has a large part of the Caspian Sea in its territory. Kazakhstan’s terrain mostly consists of flat lands, steppe, taiga, rock canyons, hills, snow-capped mountains and deserts, thus showing that the country has a huge variety of terrain at its disposal.
Business Opportunities in Kazakhstan
Since the country holds a strong influence in the Central Asia region as compared to other countries through its oil and gas industries, there are a lot of attractive business opportunities for countries who would want to open up factories for oil and gas in Kazakhstan. Also, the agro-based industries also have high potential of attracting business opportunities for different countries. The mining industry, through the mining of gas and oil, has the ability to create immense business opportunities for different countries.
Exports and Imports in Kazakhstan
The imports of Kazakhstan increased from $2811.50 million in May 2020 to $3556.30 million in the month of June 2020. On the other hand, the exports of the country decreased from $3953.40 million in May 2020 to $3151.50 million in the month of June 2020. The country is among the strongest performing economies in the world which can be seen in its trade too.
Top Exports of Kazakhstan
The main imports of the country are electronics, machinery, mineral products, etc. Electronics and machinery imports account for 25% of the total imports of the country. And the country’s main import partners are Russia and China, followed by the USA and Italy.
Top Imports of Kazakhstan
The main exports of the country are oil and gas as the country holds a stronghold in these industries as compared to other countries in Central Asia. Other main exports include copper, zinc, uranium, etc. The main export partners of the country are Italy, China, the Netherlands, Russia, etc.