Kazakhstan and Japan seek investment opportunities
The Kazakh delegation was on a visit to Tokyo 1-2 Aug 2019.
The meetings with the heads of the Japanese companies and organizations including Sumitomo, Marubeni, Nippon Express, Hitachi Construction Machinery, Chiyoda Technol, Sumitomo Mitsui Banking Corporation, Sojitz, Terra Drone, JOGMEC, Nikke Group took place in the course of the two-day visit.
The delegates from Kazakhstan briefed the companies about the steps towards a sound investment climate and the capacity-building measures within the country.
Japanese investors showed interest to invest in the Kazakh economy as well as presented the information about the progress of the current investment projects in Kazakhstan.
Nippon Express, the world's fourth largest logistics company, announced to mark an official opening of a Central Asian office in Kazakhstan in August this year. Established in 2004 in Kazakhstan, Hitachi Construction Machinery Co. is working on setting up a regional center to mend and maintain mining equipment.
Japan’s Oil, Gas and Metals National Corporation (JOGMEC) is about to stay on cooperating in rare earth metal processing technologies’s development. While the leadership of Sumitomo Mitsui Banking Corporation, Japan’s largest bank, called for the active use of a credit line opened with Baiterek National Holding.
On 2 August, Deputy Foreign Minister Yermek Kosherbayev, who led the Kazakh delegation, had a meeting with Japanese Parliamentary Vice-Minister Yamada. The two went over the issues of the economic cooperation between Kazakhstan and Japan.
The Japanese side expressed the willingness to support the Kazakh initiatives on investment cooperation between the countries.
The Kazakh delegation included the representatives of the Ministry of Industry and Infrastructure Development’s Industrial Development and Industrial Safety Committee, the Foreign Ministry’s Investment Committee and Kazakh Invest National Company.
The trade turnover between the two countries was 2 billion U.S. dollars in 2018, with 1.5 billion U.S. dollars of exports and 497 million U.S. dollars of imports.
Photo credit: Kazakh Foreign Ministry press service
