Current trends in foreign trade in the format BRICS

S. V. Ivanova ()

International Trade and Trade Policy, issue 3

Abstract: On the basis of changes in the volume of mutual exports of the BRICS countries, its share in total exports of the countries concerned, the commodity structure and a number of other indicators reveal modern features and trends of foreign cooperation of the BRICS countries as a key indicator of the real integration process. A brief description of the foreign trade policy of the BRICS countries. It was determined that the lack of a single zone of preferential trade between Russia, Brazil, India, China and South Africa, countries partially offset by bilateral agreements, arrangements within and between existing integration blocs. Political instability and economic problems in the five countries, the decline in GDP growth in all member countries, except India, sluggish global conditions contributed to reducing both total and mutual exports.

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