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UK exports to BRICS rose from £12.7 billion in 2007 to £27.1 billion in 2012.
Shares of Chinese pharmaceutical firms in Hong Kong rose after the Cabinet announcement.
Russian Prime Minister Dmitry Medvedev will meet his Ukrainian counterpart Mykola Azarov in Kaluga later today.
The two leaders also addressed the South Africa-France Business Forum in Pretoria.
The British finance minister is on a five-day trip to China in an attempt to attract investment to the UK.
The new security system would not use foreign companies or networks.
A total of 500 troopers from Russia and India will participate in the drills.
The two countries have been fierce critics of ultra-loose monetary policies in developed economies.
According to Vietnamese government data bilateral trade between the countries stood at $41.2 billion last year.
The reform of voting rights, known as quotas, cannot proceed without approval from the US Congress.
