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With the advancement of economic globalization and regional economic integration, the BRICS countries – Brazil, Russia, India, China and South Africa – by means of the BRICS countries cooperation mechanism, demonstrate a new platform of cooperation, dialogue and the shared aspirations of emerging market countries. The BRICS have created a new model of international economic cooperation which has made significant contributions to the global economic recovery. This article discusses the reality of the BRICS countries’ economic cooperation, analyzes their obstacles and deficiencies and puts forward relevant countermeasures and suggestions to further improve their international economic cooperation in perspertive of law and economy.