The Investment Potential of Kazakhstan was Presented to the Business Community of Mexico
In Mexico City, on the initiative of the Embassy of Kazakhstan in Mexico were held meetings with the participation of the Chargé d'Affaires of the Republic of Kazakhstan in Mexico Olzhas Isabekov, and the Foreign Representative of KAZAKH INVEST in North America Galymzhan Matayev with the Mexican official and business communities. It should be noted that this was the first presentation of Kazakhstan's investment opportunities for Mexican companies.
The leadership and members of Mexico's largest business association "The Coordinating Business Council" were given in details the advantages of Kazakhstan as an investment destination. It is important to note that the business structures that make up this Council account for 80% of the Mexican GDP.
On the site of the Mexican Business Council for Foreign Trade, Investment and Technology, A.C. (COMCE) held a meeting with the representatives of the Mexican companies. Olzhas Isabekov and Galymzhan Matayev spoke in detail about the investment potential, preferences, and state support, as well as about the specific business projects in our country open for foreign participation. Olzhas Isabekov and Galymzhan Matayev spoke in detail about the investment potential, preferences, and state support, as well as about the specific business projects in our country open for foreign participation.
COMCE activity dates back to the 1950s. The Council is the leading private sector association for the promotion of foreign trade, investment cooperation, and technological development.
For all Mexican companies, the information presented at the meeting was a kind of discovery of our region and market. Following the results of the presentation and speeches took place an interesting discussion of the companies. Mexican businessmen were surprised by the specific measures of state support provided in Kazakhstan to foreign investors. In particular, they noted the practical significance of KAZAKH INVEST as a "One-Stop Shop" for investors.
Miguel Avalos, a Representative of the family that owns the Herdez Group of companies, one of the leaders in the Mexican food industry, showed a practical interest in the agricultural industry of Kazakhstan. For their part, the Mexican participants of the meeting noted that their country in this sector occupies one of the leading positions in the world in terms of technology and competitiveness.
Similar advantages are typical for the mining complex of Mexico. At the meeting, an agreement was reached to hold a special meeting with several Mexican mining companies.
Also, the Mexican business showed interest in cooperation in the pharmaceutical industry. A request was made to provide information on specific positions for joint elaboration.
In addition, Kazakh representatives were invited to explore the possibilities for cooperation between the two countries in the field of information technology. Mexican businessmen noticed that Mexico is the largest FinTech hub in Latin America.
Margarita Alcantara, General Director for the Global Investment Partnership of the Ministry of Foreign Affairs of Mexico received the vision of the Kazakh side on the existing prospects with enthusiasm. She emphasized the particular interest in several non-ferrous metal items along with pharmaceuticals and agriculture.
In general, the meetings held in Mexico City made it possible to identify specific further steps for the development of Kazakh-Mexican investment and trade and economic cooperation, including the creation of a bilateral Business Council.
For reference: Mexico is a major world center, firmly entrenched as a global player. The country is the 15th economy in the world with one of the highest GDP (1.224 trillion dollars) and a huge human resource (128 million people, 10th in the world). In terms of economic power, Mexico surpasses a number of large countries of the G20 and the Organization for Economic Cooperation and Development. In the foreign economic sphere, this country mainly focused on the markets of the USA and Latin America. Only now Mexico is beginning to develop other markets, in fact, for the first time opening up such promising regions as the Middle East, Africa and Asia. In this regard, the Embassy and KAZAKH INVEST have begun active work to develop investment cooperation with this large country.
