On July 11, 2017, the first Kyrgyz-American Business Forum was held in Bishkek, attended by over 160 participants, including business circles of the Kyrgyz Republic, as well as management and representatives of state organizations. The American delegation, which included representatives of large transnational corporations, showed interest in studying the business opportunities in the Kyrgyz Republic.
This forum is considered a significant event in the activation of Kyrgyz-American relations. The holding of the first business forum between the two countries, as well as the participation of large companies of the United States of America, such as: General Electric, AES, Baker McKenzie, AGCO, Coca Cola, AGCO Amity, Baker & McKenzie, Mobilized Construction, Visa Inc and US-Kyrgyz The Business Council (USKGZBC) talks about the prospects for further interaction between business circles of the CD and the US.
During the forum, the Director of the SAIEP, A. Orozbekov, presented a presentation on the investment climate and investment opportunities of the Kyrgyz Republic. He emphasized the liberal environment in the country that is comfortable for business and investment activities, an advantageous geographical location due to the presence at the junction of such countries as China, Russia, and Kazakhstan, which allows our country to be a potential entry point to the market of the EAEU and China, openness and accessibility of the government to the business community, which makes it possible to actively involve business in the development and implementation of economic policies. He also noted the favorable tax regime of the Kyrgyz Republic, the assignment of our country's status to the GSP + and the accession of the KR to the EAEU.
The Kyrgyz Republic has a favorable investment climate, but we are actively continuing to work on creating the best business climate in the country. It should be noted that the President of the country and the Government pays special attention to this issue, as well as to strengthening the positive investment image of the country abroad, said the director of the SAIEP, A.Orozbekov.
The State Agency for Investments and Export Promotion under the Ministry of Economy of the Kyrgyz Republic and the US-Kyrgyz Business Council expressed their desire to unite efforts to attract US investments to the Kyrgyz Republic, and also announced their intention to conclude an agreement on cooperation between two organizations.
The result of the Business Forum "Kyrgyzstan-USA" was the signing of a Memorandum of Cooperation between the State Committee of Industry, Energy and Subsurface Use of Kyrgyzstan and the General Electric Corporation.
Within the framework of the forum, American companies were presented with presentations on the possibilities in the field of hydropower, renewable energy sources, and also in the field of information technologies within the framework of the digital transformation program of the country "Taza Koom". Representatives of the American delegation made presentations about their companies. In the final part of the business forum, B2B meetings with Kyrgyz partners were organized, as well as during the visit, businessmen from the United States held a number of bilateral meetings with representatives of state bodies and international financial organizations.