During his working visit
to New York, Kazakh President Kassym-Jomart Tokayev met with U.S. Special Envoy
for South and Central Asia Sergio Gor. The talks focused on strengthening trade
cooperation, with President Tokayev emphasizing that Kazakhstan is a key
economic partner of the United States in Central Asia.
The President of Kazakhstan also met with U.S. Secretary of Commerce Howard Lutnick to discuss prospects for bilateral cooperation in investment and economic fields. President Tokayev highlighted Kazakhstan’s favorable investment climate, noting the broad opportunities available to American businesses in sectors such as energy, transport and logistics, digitalization, and agriculture. For his part, Lutnick expressed his country’s interest in developing joint industrial, transport and logistics, and investment projects with Kazakhstan.
«The opportunity for us to work together and to enhance both economies is the key to trade relations and to opportunity. You have great critical minerals that we can invest in together, we are thrilled that you selected Wabtec in the locomotives sector. That is excellent and a great beginning and foundation for us to build together,» Lutnick said.
During President
Tokayev’s visit to New York, agreements worth over $4 billion were signed with
the U.S. company Wabtec. The agreements include the production of 300 freight
locomotives with enhanced specifications in the country, along with their
maintenance services. Wabtec, a global leader in transportation technology, has
been partnering with Kazakhstan for many years. Since 2009, the Wabtec
Kazakhstan locomotive assembly plant has been operating successfully in Astana,
and in July of last year the company opened a technology and engineering center
in the country.
President Tokayev also
discussed expanding bilateral trade with Suzanne Clark, President and CEO of
the U.S. Chamber of Commerce. He welcomed the results of the recent U.S. trade
and investment mission to Kazakhstan, emphasizing the country’s commitment to
building effective cooperation with both the U.S. government and the business
community. For her part, Clark confirmed the potential for expanding economic
cooperation between the two countries.
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