EU-BRICS TRADE RELATIONS: TRENDS AND PERSPECTIVES

Abstract

This paper analyses EU-BRICS trade and investment relations, highlighting significant trends, sectoral dependencies, and mutual economic implications. Using quantitative data from 2013 to 2023 and qualitative policy analysis, the research reveals challenges posed by dependency on BRICS economies and EU strategies for trade diversification. The paper identifies several key trends in EUBRICS trade and investment relations: a chronic EU trade deficit with BRICS driven by sectoral dependencies in machinery and energy, alongside EU efforts to diversify energy sources, growing FDI flows into BRICS economies, and evolving geopolitical dynamics that shape mutual economic interdependence.