Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/316166 
Year of Publication: 
2025
Series/Report no.: 
Texto para Discussão No. 3104
Publisher: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Abstract (Translated): 
The original BRICS, composed of Brazil, Russia, India, China, and South Africa, plays a central role in international geopolitics and aims to strengthen the representation of emerging economies. Since its creation, the bloc has promoted initiatives aimed at reducing the West's hegemony in global finance, such as the establishment of the New Development Bank (NDB). The expansion of BRICS in 2023, including five new members (Saudi Arabia, Egypt, Ethiopia, the United Arab Emirates, and Iran), reinforces the group's global economic relevance, now representing 36% of the world's gross domestic product (GDP). Data has shown that intra-BRICS trade, led by China, grew significantly between 2000 and 2023, while Brazil stands out as a major exporter of commodities. This article examines the evolution of trade relations between Brazil and BRICS countries, as well as with the new members, highlighting the strategic importance of economic and commercial partnerships.
Subjects: 
BRICS
BRICS+
new members
international trade
JEL: 
F02
F13
F53
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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