No abstract

The article considers the role and significance of the project "Western Europe and Western China" between the countries of the European Union and the people's Republic of China in the development of regions of Kazakhstan. In addition, the author focused on the project, where several years ago Kazakhstan began actively discussing the option of turning from China to Western European countries into one of the most important international transport and transit hubs along the roads. At the same time, reference was made to the ancient history that Chinese goods along the silk road were delivered by caravans to Russia and European countries. Analyzed the impact of the relations between the European Union and China on the Republic of Kazakhstan in the framework of the project "Western Europe and Western China".

The relevance of the study is determined by the fact that the European Union and China are two powerful trading partners with the largest economies in the world. China is now the second EU trade partner after the United States. The authors show that the EU intends to further extend trade and economic relations with China, but at the same time strives for more reliable guarantees of trade with China to comply with fair and transparent trade rules, and to fulfill bilateral obligations under the WTO. The novelty of the study is determined by the fact that negotiations on a well-rounded investment agreement between the European Union and China were analyzed in the framework of EU-China cooperation. The authors determine the need for a gradual liberalization of investment and the elimination of restrictions for investors in each other’s markets. This will provide a simpler and safer legal basis for investors from both sides, providing them with reliable protection and their investments. The authors found out that China planned reforms in the economic and financial sectors to strengthen trade and economic cooperation with the EU.