Strengthening USA-Kazakhstan business partnerships with our niche brokerage engagement protocol in assisting USA buyers for goods & services.
Headquartered in Portland, Oregon, Legacy Energy & Logistics Transport Group LLC emphasizes the USA-Kazakhstan bilateral economic relationship and how it holds strategic significance to both nations and the importance of fostering mutually beneficial ties.
This partnership enhances economic growth, trade diversification, and technological collaboration. Kazakhstan’s vast energy resources contribute to USA’s energy security while American investments and expertise support Kazakhstan’s economic development.
Strengthening this relationship not only stimulates commerce but also promotes geopolitical stability, underscoring the interconnected global landscape.
Key Areas of Focus
Building and Fostering USA-Kazakhstan Relations
“Kazakhstan is the 81st largest trading partner of the United States, with a total of $2.5 billion in two-way trade in 2021. U.S. firms have invested tens of billions of dollars in Kazakhstan, concentrated in the oil and gas sector. Kazakhstan has made some progress in creating a favorable investment climate, although serious problems remain, including corruption and arbitrary enforcement of laws and contracts. A U.S.-Kazakhstan Bilateral Investment Treaty and a Treaty on the Avoidance of Dual Taxation have been in place since 1994 and 1996, respectively. Kazakhstan became a member of the World Trade Organization on November 30, 2015.
Sections 402 and 409 of the United States 1974 Trade Act require that the President submit a report to Congress semi-annually on continued compliance with the Act’s freedom of emigration provisions by those countries, including Kazakhstan, that fall under the Trade Act’s Jackson-Vanik Amendment. The U.S. Commercial Service provides support to U.S. businesses trying to enter the Kazakh market through counseling, market research, and a matchmaker program with Kazakh businesses.”
- Extract from U.S. Relations With Kazakhstan
Bilateral Ties, Strategic Cooperation between USA and Kazakhstan
“Your (Blinken) visit is especially important in terms of giving an additional impetus to building our strategic cooperation. We have very good and reliable long-term partnerships in such strategically important areas as security, energy, trade, and investment. Therefore, we are ready for the further development of this cooperation,” Tokayev said during the meeting, according to a statement by the Kazakh presidency.
The statement said Tokayev noted Washington’s support for Kazakhstan’s independence, territorial integrity, and sovereignty, noting that the US is one of the largest investors in the country with a total investment of over $62 billion.
Tokayev also welcomed the US efforts to expand cooperation in the C5+1 format that involves other Central Asian countries, including Uzbekistan, Turkmenistan, Tajikistan, and Kyrgyzstan, which he described as significant.
For his part, Blinken noted the importance of deepening and strengthening the partnership between the US and Kazakhstan, and he thanked Tokayev for his hospitality during the official visit.”
Extract from Kazakh president, top US diplomat discuss bilateral ties, cooperation
Identifying Opportunities for Growth and Strengthening Key Areas
“The United States has always been our strategic partner in promoting global security, non-proliferation, economic resilience and democratic values. I think that we have done a lot. But we need to go further to advance cooperation in so many areas of mutual interest,” the Kazakh President said.
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“Central Asia is an important part of the world, as Kazakhstan is a key nation in the Central Asian region. Therefore, we want to ensure we are finding ways to work cooperatively. I presume President Biden shares that view, and he is excited to see you in New York in the near future. I think it will help us continue to work on strengthening our relationship,” Peters emphasized.
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During the meeting with Kazakh Deputy Prime Minister and Minister of Foreign Affairs Murat Nurtleu, Peters commended the country’s ongoing political and economic reforms, expressing readiness for cooperation in ensuring the rule of law, strengthening democracy, and developing civil society, according to the ministry’s press release. The sides considered energy security, diversification of transport routes, mutual trade, and investment cooperation. Nurtleu noted the effective development of Kazakh-U.S. cooperation within an enhanced strategic partnership, declaring a readiness to intensify relations.”
- Extract from Kazakhstan, US Seek to Strengthen Cooperation on Key Areas
Exploring Opportunities and Navigating Kazakhstan’s Regulatory Environment
Kazakhstan has significant natural gas potential. Its proven gas reserves stand at 3 trillion cubic meters and projected reserves at 5 trillion cubic meters. The country also expects a lot of oil-associated gas that will bring 1,000 cubic meters of gas for every new ton of oil (100 million tons of new oil will lead to 100 billion cubic meters of gas). Natural gas production is utilized for well re-injection, exports and to meet domestic consumption (liquefaction and development of internal gas pipeline infrastructure).The country’s gas output - which is mostly associated gas - is forecast to continue an upward trend, reaching 29.6bcm in 2027.
Recovering oil prices have helped to stimulate Kazakhstan’s oil & gas sector, which is the main driver of the economy. Large hydrocarbon resources and current investment in large production and transportation infrastructure projects in Kazakhstan provide significant commercial opportunities for U.S. companies.
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