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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.
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.
The two BRICS members also signed a $1.3 billion sale of 22 Brazilian Embraer jets to China's Tianjin Airlines.
The $100 billion BRICS Bank will base its only regional center in Johannesburg, South Africa.
Nato has said it will increase military presence in Eastern Europe to counter alleged Russian aggression.
