Kazakhstan and Brazil to expand trade and investment relations


Kanat Kulshmanov

Kazakhstan and Brazil to expand trade and investment relationsWithin the framework of an official visit of the businessmen from Brazil the Kazakh-Brazilian business forum is being held in Radisson SAS Hotel in Astana.

“We want to expand our trade and investments in this region, especially in Kazakhstan. We want to have more joint enterprises and sell our goods in Kazakhstan, and the Kazakh ones – in Brazil”, Vice Minister of Ministry of Development, Industry and Foreign Trade of Brazil Ivan Ramalho said.

Kazakh Vice Minister of Industry and Trade Yerkhat Iskaliyev, in his turn, noted that Kazakhstan is also interested in trade-economic relations development with Brazil.

“At present the trade turnover with Brazil makes up USD 274 mln. The Kazakh export makes up USD 26.6 mln, import – USD 247 mln. This forum is called to increase and balance the trade turnover of the two states”, Y.Iskaliyev said.

According to him, Kazakhstan and Brazil have good prospects of cooperation in the sphere of aviation, space, transport, healthcare, export of mineral fertilizers, energy feedstock, advanced technologies, engineering and etc.

About 20 large Brazil companies representing different sectors of economy and heads of Kazakh ministries and departments take part in the business forum. The organizers are Atameken Union National Economic Chamber under the auspices of the Kazakh Ministry of Industry and Trade and the Embassy of Brazil in Kazakhstan. 


* * *

Kazakhstan can increase vegetable manures’ export to Brazil – I. Ramalho


Kanat Kulshmanov

Kazakhstan can increase export of vegetable manures to Brazil, Ivan Ramalho, Vice Minister of Industry of Brazil has announced at a press conference in Astana Friday.

“We are confident that our countries possess huge potential for expanding both export from Brazil to Kazakhstan and import from Kazakhstan to our country. Foreign trade between our countries is not big enough at present, but, undoubtedly, our economies will develop more rapidly in the nearest years”, I. Ramilho says.

According to him, Kazakhstan imports beef from Brazil and exports vegetable manures.

“Brazil is one of the largest manufacturers of agricultural products in the world, but it depends on import of vegetable manures. Therefore, we consider that Kazakhstan can raise export of fertilizers to Brazil while in turn we can increase the volumes of beef sale in Kazakhstan”, the Ramalho noted.

Last year the trade turnover between the countries made USD 274.47 mln, including USD 26, 571 mln of export and USD 247, 907 mln of import from Brazil. Kazakhstan imports primarily food and agricultural products, base metals, machines and equipment and exports goods of chemical industry and base metals.