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The US, China, Russia, France and Britain are permanent members which wield a veto.
The joint naval exercises will also be conducted in the Sea of Okhotsk, north of Japan.
The cooperation comes two weeks after President El-Sisi returned to Egypt following his participation at the 9th annual BRICS Summit.
The new project is the culmination of an India-Japan agreement to build the high-speed train.
Finance Minister Henrique Meirelles said that GDP will jump considerably in Q1 next year.
Growth in the second half of the year will largely depend on a continued rise in exports.
South Africa takes over the leadership of BRICS from China next year.
Beijing insists that only through dialogue and negotiation could “the flame of war be put out”.
On global crises zones like Syria and North Korea, the bloc was unanimous in it’s response.
Chinese President Xi Jinping and four other heads of state, including South African President Jacob Zuma, on Monday reaffirmed their commitment to build an open economy and ensure free and
