Kazakhstan, US mull lifting flight restrictions
Baku, Azerbaijan, Oct. 26
By Rashid Shirinov – Trend:
Implementation of the Agreement on “Open Sky” Air Traffic between Kazakhstan and the US is very important, US Secretary of Commerce Wilbur Ross said, according to the official website of the Prime Minister of Kazakhstan.
He made the remarks at a business forum organized in Astana by the American-Kazakhstan Business Association. More than 100 Kazakh and American companies took part in the forum.
The agreement implies the lifting of restrictions on flights between the cities of Kazakhstan and the US, which will significantly increase the volume of passenger and cargo traffic between the two countries in the near future.
Ross also noted that the US intends to continue diversifying the areas of cooperation with Kazakhstan.
"If previously the main areas of American capital were the mining and energy sector of Kazakhstan, today we intend to invest in infrastructure development, processing, engineering, the agro-industrial complex, and a number of other high-tech areas," he said.
First Deputy Prime Minister of Kazakhstan Askar Mamin, in turn, said that the US has invested more than $40 billion in Kazakhstan. He also noted the successful cooperation with major American companies, including Chevron, Exxon Mobil, General Electric, Halliburton, in the development of power engineering and machine building, processing industry and mining sector.
"The partners of the Astana International Financial Center are the American stock exchange NASDAQ, the largest US financial organizations such as Morgan Stanley and Goldman Sachs," said Mamin.
He added that 24,000 companies with foreign participation do a successful business in Kazakhstan, and more than 700 of them are created in collaboration with American companies.
"These companies play an important role in attracting international capital and best practices to the country, meeting the ever-growing demand for Kazakhstan's exports both in the region and internationally," said the first deputy PM.
Eight documents were signed in the presence of Mamin and Ross at the forum.