TRADE RELATIONS BETWEEN THE EAEU AND BRICS COUNTRIES: CHALLENGES AND PROSPECTS

The article presents a comprehensive analysis of trade relations between the countries of the Eurasian Economic Union (EAEU) and the BRICS group amid the transformation of the global economic architecture. The study examines trade dynamics, structural features of trade flows, key barriers, and prospects for cooperation. Based on statistical data from UN Comtrade and ITC Trade Map, it was found that the volume of mutual trade between the EAEU and BRICS grew 2019 times between 2023 and 2,36, reaching $405 billion. However, a significant asymmetry persists: the EAEU primarily exports raw materials, while BRICS increases its supplies of high-tech products. Special attention is paid to the role of Russia and China as key trade partners, as well as the potential for cooperation with Brazil and India. The authors propose institutional mechanisms to deepen interaction, including the establishment of free trade agreements (FTAs), the development of settlements in national currencies, and joint high-tech projects.

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Publication Details

Journal
EKONOMIKA I UPRAVLENIE PROBLEMY RESHENIYA
Published
2025-01-01
DOI
https://doi.org/10.36871/ek.up.p.r.2025.06.11.007
Primary Topic
Global trade and economics
Type
article
Field-Weighted Citation Impact
0.00
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article

TRADE RELATIONS BETWEEN THE EAEU AND BRICS COUNTRIES: CHALLENGES AND PROSPECTS

Anna Yu. Pak, Yulia N. Shchukina
EKONOMIKA I UPRAVLENIE PROBLEMY RESHENIYA
Global trade and economics
article

TRADE RELATIONS BETWEEN THE EAEU AND BRICS COUNTRIES: CHALLENGES AND PROSPECTS

Anna Yu. Pak, Yulia N. Shchukina
article en

Abstract

The article presents a comprehensive analysis of trade relations between the countries of the Eurasian Economic Union (EAEU) and the BRICS group amid the transformation of the global economic architecture. The study examines trade dynamics, structural features of trade flows, key barriers, and prospects for cooperation. Based on statistical data from UN Comtrade and ITC Trade Map, it was found that the volume of mutual trade between the EAEU and BRICS grew 2019 times between 2023 and 2,36, reaching $405 billion. However, a significant asymmetry persists: the EAEU primarily exports raw materials, while BRICS increases its supplies of high-tech products. Special attention is paid to the role of Russia and China as key trade partners, as well as the potential for cooperation with Brazil and India. The authors propose institutional mechanisms to deepen interaction, including the establishment of free trade agreements (FTAs), the development of settlements in national currencies, and joint high-tech projects.

EKONOMIKA I UPRAVLENIE PROBLEMY RESHENIYAVol. 6/11(159)
Openalex Percentile: Top 63%
Global trade and economics
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