Open AccessTrade and Economic Cooperation within the Framework of BRICS
Author(s) -
Sergey Pogodin,
Т. С. Ягья
Publication year - 2021
Publication title -
evrazijskaâ integraciâ: èkonomika, pravo, politika
Language(s) - English
Resource type - Journals
ISSN - 2073-2929
DOI - 10.22394/2073-2929-2021-03-44-54
Subject(s) - complementarity (molecular biology) , international trade , economic integration , international economics , trade barrier , economics , foreign direct investment , international free trade agreement , member states , european union , business , genetics , macroeconomics , biology
The article is devoted to trade and economic cooperation between Russia and the BRICS member countries and trade cooperation within the BRICS Union. First, the authors study the peculiarities of the development of the BRICS member countries and the possibilities of their trade cooperation within the framework of this association. Trade and economic cooperation within the BRICS group is being considered: structure of export and import supplies, dynamics of foreign trade turnover and features of mutual trade. Authors consider the complementarity of the national economies of the BRICS countries, about the competitive directions of each of its countries in the provision of certain services. The focus is on the study of trade and economic cooperation between Russia and the BRICS member countries in recent years. The article analyzes the export, import, and foreign trade turnover of Russia with each country of this organization. At the same time, all the calculations in the article are made independently based on statistical data. The authors identify the specifics of Russia’s trade cooperation within the BRICS grouping, draws relevant conclusions, and discusses the investment direction as a component of the growth of trade cooperation, the increase in foreign trade turnover, and GDP growth.