IDEAS home Printed from
   My bibliography  Save this article

Russia’s Trade Policy Priorities in the Orbit of BRICS Economic Cooperation


  • Khmelevskaya, Natalia

    () (Moscow State Institute of International Relations (University) of Ministry of Foreign Affairs of Russia)


The article presents analysis on structure of trade, its complementarity and terms of bilateral trade among BRICS through the lens of Russia’s key trade policy priorities. Assessments for trade complementarity has been made with emphasis on Russian mineral fuel export which proved to be negatively correlated with world demand and directly with determinants from BRICS. The negative dynamics of revealed comparative advantage for Russian oil regarding world export is coherent with parameters of competition among BRICS. Its revealed comparative advantage relatively export among BRICS shows growth which may be explained by its price advantages. The estimations and in-depth analysis in this work prove that BRICS is becoming significant factor for Russia’s trade policy. The resume is that so far transaction costs drive growth of trade among BRICs their common interest is to facilitate doing business and trade among them.

Suggested Citation

  • Khmelevskaya, Natalia, 2015. "Russia’s Trade Policy Priorities in the Orbit of BRICS Economic Cooperation," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 93-109.
  • Handle: RePEc:rnp:ecopol:ep1525

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. William H. Branson & Conor N. Healy, 2009. "Monetary and Exchange Rate Policy Coordination in ASEAN+1," Chapters,in: Towards Monetary and Financial Integration in East Asia, chapter 9 Edward Elgar Publishing.
    2. Marc J. Melitz, 2003. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica, Econometric Society, vol. 71(6), pages 1695-1725, November.
    3. V. Simonov., 2015. "Anti-Russian Sanctions and the Systemic Crisis of the World Economy," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
    4. Finger, J M & Kreinin, M E, 1979. "A Measure of 'Export Similarity' and Its Possible Uses," Economic Journal, Royal Economic Society, vol. 89(356), pages 905-912, December.
    Full references (including those not matched with items on IDEAS)

    More about this item


    BRICS; trade complementarity; export structure; comparative advantages; costs of trading across;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:ep1525. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RANEPA maintainer). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.