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All the five members of BRICS are founding members of the AIIB as well.
Brazilian flagship social welfare programs like Brasil Sem Miséria and Bolsa Família, have brought millions out of poverty.
A formal announcement on the BRICS Energy association is expected to be made during the BRICS Summit in Russia in July.
Trade ties have seen a downward spiral, affected by the strain in political relations.
Disappointing first quarter GDP growth contributed to the Fed's change of tone regarding interest rates.
China-Brazil trade reached $86.7 billion in 2014.
‘Economic espionage’ and ‘cybersecurity’ have been significant irritants in China-US ties.
Indian rapeseed meal tends to suffer from quality issues, but it is cheaper than both Canadian and domestic Chinese supplies.
South Africa has already announced the easing of visa restrictions for BRICS travelers.
China has blocked overseas services including Google, Facebook, Twitter and YouTube.
