POSSIBILITIES OF DEVELOPMENT OF TRADE AND ECONOMIC COOPERATION OF THE COUNTRIES OF BRICS

Issue № 3, 2016, article № 13, pages 84-95

Section: Foreign news

Language: Russian

Original language title: ВОЗМОЖНОСТИ РАЗВИТИЯ ТОРГОВО-ЭКОНОМИЧЕСКОГО СОТРУДНИЧЕСТВА СТРАН БРИКС

Keywords: BRICS, TRADE IN AGRICULTURAL PRODUCTS AND FOODSTUFFS, TRADE AND ECONOMIC RELATIONS, THE REGULATION OF TRADE RELATIONS

Abstract: The article deals with the issues of trade in agricultural products and food in the BRICS countries, the role of trade in food security in these countries. The world trade in agricultural products and food on the BRICS countries accounted for 14‰. The article presents data on volumes of export and import of agricultural products, the main types of products purchased and delivered to the world market. The analysis of trade in agricultural products within the Community, the issues of Russia's trade with each of the BRICS: China, Brazil, India and the Republic of South Africa (RSA). It was found that Russia has a negative trade balance with almost all of the BRICS countries. Russia has the most dynamically developing trade relations with China. Russia has the largest trade turnover with this country (in 2014 - 4.5 billion USD.), And the least negative trade balance. Despite the significant turnover of agricultural products from Brazil - 3.54 billion dollars, the trade deficit in trade with this country was in 2014 - 3.48 million USD. The article describes the potential development of trade relations between Russia and each of the BRICS countries. Special attention is paid to issues of regulation of trade between the BRICS countries, particularly their customs policy, the role of tariff regulation in the development of trade in agricultural products and foodstuffs between the BRICS countries. Further expansion of commercial relations assumes: creating favourable conditions for development of mutual trade of the countries and direct foreign investments; optimization of structure of a foreign trade turnover the food, technical assistance for increase in a production and export potential of member countries, rapprochement of requirements and the practicing of customs services.

Authors: Paptsov Andrei Gennadevich, Medvedeva Nina Afanasevna