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00:00We sent a letter the second day in office, a very kind letter to the members of BRICS,
00:08five letters because there were four members saying at the time we do not believe it's an opportunity for us
00:13because we have such a lot of other things to do.
00:17BRICS as far as we know it was a very good idea as to convey to the capital markets the potential of growth for these countries.
00:26Politically we do not want to be a hitch to anyone.
00:30If at all we are far more interested in Mercosur rather than becoming one of the members.
00:40I know they are opening up.
00:41The other thing is I have extensive discussions about this and it is the kind of things they want to do with the financial system.
00:48When and if those things start growing we definitely have to look into it.
00:54Right now the opportunities and the trade we have does not need to happen.
00:58Both China and Brazil, members of BRICS, are our number one and number two biggest trade partners.
01:05It does not affect trade.
01:07We do not want to be burdened by whatever politics anybody else has.

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