BRICS has been a popular acronym for the largest emerging markets which is predicted to become a larger economic force than the US, the EU and Japan within next decades. In the beginning of this century the BRICS countries started political cooperation to boost the economic one. This paper tries to find out how much this political cooperation has influenced trade between BRICS nations. Using quarterly trade data of dyads of BRICS countries we examine whether there have been any upward trends in trade after political commitment to further cooperation. In different models, trade of manufactured goods and raw materials is differentiated. The controls for the models include distance between states, their GDP and WTO membership. We expect there to be a slight effect on bilateral trade.
