The rise and relevance of BRICS (Brazil, Russia, India, China and South Africa) cannot be overstated. BRICS constitutes the most prominent emerging economies with substantial influence on world affairs – both political and economic. While China has demonstrated its capacity to be the world leader in production and trade, India and Brazil have been steady on rapid income growth and technological development backed by mature institutions and policy environment that tend to be oriented towards long-term economic development. BRICS has become the fastest and largest emerging market economy.
This paper examines the emerging strength of BRICS in high-technology trade. We reviewed trends in high-technology trade primarily in BICS (excluding Russia). Given that China and India are leading exporters of High-tech products (HTPs) among BICS, changing patterns of intra-industry trade have been analysed at the disaggregated level for these countries. Trade denomination of Information Technology Products has been analysed as a special case to understand roles played by global trade agreements in influencing production and trade of high-technology goods. BRICS has also made significant progress in technology intensive trade in agriculture which is rarely captured in the analyses based on HTPs. The paper concludes with reflection on BRICS cooperation in global technology and trade governance for long term capacity building, industrial development and competitiveness.