BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES

ECONOMIC DIPLOMACY OF BRICS COUNTRIES: LESSONS FOR BANGLADESH

Author: Mohammad Jasim Uddin

DOI Link: DOI: https://www.doi.org/10.65888/BIISSj2015v36n3a3

ABSTRACT

Divergence of economic diplomacy among the BRICS (Brazil, Russia, India, China and South Africa) countries produces variation in their external economic settings. Bangladesh may not be able to follow the whole of economic diplomacy exercised by BRICS countries. Even a particular country’s entire initiatives may not be fully suitable for Bangladesh. Economic diplomacy of Bangladesh could be benefited from mutual learning and exercising best practices of BRICS countries. Diplomatic networks of Bangladesh’s Ministry of Foreign Affairs (MoFA) need to be attuned with changing global economic diplomacy. Bangladesh should realise that economic diplomacy differs based on competence and skills of diplomats engaged in international economic negotiations. Otherwise, consolidation of Bangladesh’s foreign affairs and its economic promotion would be tricky.