Analysis reveals potential for foreign economic cooperation in agriculture among BRICS countries, suggesting new financial tools could enhance trade.
The article is devoted to the analysis of trade and economic relations of the BRICS countries in the field of agriculture; an assessment is made of the current level of connections between its participants, their position in the system of international division of labor and sectoral specialization. Based on statistical tools, the main directions of foreign economic cooperation are shown, taking into account its potential. Such digital assets as Token BRICS, Food token are considered in detail. The scope of application of new digital instruments and their features as means of payment used in agriculture are revealed. Particular attention is paid to the process of creating a unified BRICS trading and clearing infrastructure, within the framework of which exchange trading in grain will be carried out between companies of the member countries of the association. A commentary is offered on the introduction of the BRICS collective currency as a universal unit of account in the context of de-dollarization. The direction of this research is relevant for the sale of agricultural goods in the context of anti-Russian sanctions and increasing mutual trade of the BRICS countries.
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Starodubtseva et al. (2024) studied this question.
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