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BRIC countries have 'expatriate potential'

An increasing number of people may move abroad and become an expatriate in China and Russia following a new energy agreement, it has been claimed.

The economic giants – which form part of the BRIC nations, along with India and Brazil – recently signed an agreement to exchange Russian gas supplies for $25 billion (£17.2 billion) in loans.

According to one expert, the deal represents another step in the growing foreign investment appeal of the nations.

A market analyst at the property group, Obelisk, James Gonzalez, said: "This latest massive deal between Russia and China confirms the economic potential of the BRIC nations.

"The opportunities for growth together with the natural resources in these countries – Brazil also has huge oilfields, as yet unexploited – mean a lot of investment will be focused here this year."

Romasa Storey, writer of Live and Work in Brazil, recently said that Brazil is a better place to live as the economy and political climate have become more stable since President Luiz Inacio Lula da Silva returned to power.

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