Representatives of large Japanese corporations to arrive in Kazakhstan
In order to study Kazakhstan’s investment climate as well as discuss specific business projects. This is the aim of representatives of large Japanese corporations who intend to come to our country, a correspondent of Khabar 24 reports. During the visit, they will not only meet with future partners, but will also receive an answer to the question which sectors of the Kazakhstan economy have high potential.
The share of Japanese capital in the structure of foreign investment in Kazakhstan, even today, is very significant - over USD400 million just last year alone. The natural resource sector is the most attractive traditionally. And this is understandable, because Japan itself does not possess mineral resources and minerals. But now large corporations are ready to go further and invest not only in the mining sector, but also in the production of products with high added value.
Erlan Baudarbek-Kozhatayev, Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to Japan:
- The Embassy pays special attention to attracting investment in the industrial sector. For this reason, by the end of this month we’ll send business missions of such high-tech companies as Showa Industries, Metal One, Metal One Steel Products. The leadership of these companies will go to Nur-Sultan, Almaty and Atyrau to study the investment climate in Kazakhstan.
One of the conditions that make Kazakhstan attractive is, of course, the transit potential and advantageous location on the logistics map of the world. As well as special benefits and tax breaks for companies willing to share technologies.
Nobuo Yagi, CEO of Metal One:
- Our companies are engaged in the sale of steel and metal products. Our partner, who produces steel structures, has already been working in Kazakhstan, and now there is a question of expanding activities. For us, the Kazakhstan market is new. Therefore, during the upcoming trip, we would like to learn about the investment climate in more detail.
Despite the downturn in the global economy, our bilateral cooperation, by contrast, increases. This is confirmed by statistics. 2018 was the record year. The trade turnover between our countries amounted to USD 2 billion, which is 54% more than in 2017. Moreover, over the past five years, Kazakhstan’s exports have doubled, and today it is higher compared to Japanese imports. By the way, for the first time in history, domestic companies began to supply safflower oil and natural honey to markets of Japan.
Author: Aigerim Urazaliyeva.