Analysis of foreign economic relations of the Czech republic with BRIC countries

Today there is a great interest in the strategic markets or priority markets in the world. The list includes such countries as Brazil, China, Egypt, India, Kazakhstan, Mexico, Russia, Serbia, Turkey, Ukraine, USA, Vietnam. World find them priority because they hide a great potential and dispose of large amount of wealth, important for the future prosperous development of the whole world. It is clear that other economies that are not in the list, try to establish business relations with these countries and strengthen their positions on their markets. All BRIC countries are currently considered as the priority markets. In my work I tried to describe the current situation in the development of bilateral trade relations between the Czech republic and the BRIC countries. BRIC (Brazil, Russia, India, China) - a young forum of strengthening dialogue and cooperation with major countries among the dynamically developing countries, whose role in the global economy and politics is constantly increasing. During the last decade the BRIC countries became the "locomotive" of economic development in the world. Approximately 50% of world GDP growth in 2010, including the period after the crisis, was produced by BRIC countries. The Czech Republic is a relatively small economy, for which penetration to international trade plays an important role, and therefore for Czech exporters should BRIC markets become in the near term the main object of concentration.