National Chamber of Entrepreneurs, US Business Council Sign Cooperation MoU

The National Chamber of Entrepreneurs (NCE) Atameken and the U.S. Business Council for International Understanding (BCIU) signed a memorandum of understanding on Dec. 9 in Washington, according to the 24KZ TV channel.

palata.kz Deputy Chairman of Atameken Nurzhan Altayev and Senior Vice President of the Business Council for International Understanding Jeff Donald

Deputy Chairman of Atameken Nurzhan Altayev and Senior Vice President of the Business Council for International Understanding Jeff Donald. Photo: palata.kz

The BCIU is nonpartisan organisation founded as a White House initiative by President Dwight Eisenhower in 1955. Today, it links the government and the private sector by bringing together about 200 large companies.

Deputy Chairman of Atameken Nurzhan Altayev and BCIU Senior Vice President Jeff Donald discussed investment partnerships. Kazakhstan is interested in U.S. entrepreneurs investing their capital in the processing industry and the agriculture of the country. The U.S. has a great interest in this cooperation as well.

“Earlier, U.S. companies were mainly interested in oil and gas, but now they are interested in investing in other sectors, especially in agriculture and the food industry. They consider Kazakhstan a kind of window to the market of Russia and China,” said Altayev.

Donald said that President of Kazakhstan Nursultan Nazarbayev’s recent state of the nation speech also talked about the attraction of investment into the country.

“In my opinion, this is the right move, and we will use that possibility to enter the Kazakh market. We are ready to offer all the necessary conditions for the close cooperation of American businesses with Kazakh entrepreneurs,” said Donald.