tv Sophie Co RT September 16, 2013 12:29am-1:01am EDT
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as good as dad are you still going to pursue it. i don't think it's as good as that frankly what we were into doing badly is part of the it's not the hold over ground but it's part of the it's a partial package which is within the doha round and my hope is that if we can be successful in bali we're going then to only log the negotiations and maybe we'll knows try to approach the rhone from different angles from different perspectives and begin to move in the right direction if you look at w t o today right the way it's wired it's not exactly fair since we're ever joined later has to follow the rule set by the founding members right so putting men in developing countries who joined later in an underprivileged position what are you going to do about this inequality. well the purpose of negotiations is precisely to lower tariffs and to have more disciplines which apply to everyone i think those who exceed that later head to negotiate the terms of accession but that's frankly that's the rule
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of the game that's the way it has always been now once the members are in they negotiate on how far to negotiate on equal basis with all the other members they have equal rights and they will negotiate conditions for the next round of the next agreements which will hopefully be something that they can accept and perceive as something balanced you know many would argue that trade conflicts have been a definite rise in the recent years why have they flourished in your opinion and what can be done to ease these tensions. treat patients are not new i mean. they have been there since the beginning of times. beginning of the one nine hundred forty seven three dimensions exist that's what the system is for the system is precisely to ease those tensions to allow members to find solutions to negotiate outcomes which are acceptable to both of them. i have been negotiating in the been
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a participant in the w. cio since one nine hundred ninety seven and over all these years and have never seen a moment a moment not a year a moment when tensions were not there so you don't you don't think it's a new think of a president that that actually trade tensions are rising you think it's always been there. they're not ok but. frankly it will always be there. all right but also there are more and more regional unions being formed around the globe the likes of the americas sir the european union the customs you know valorous kazakstan russia for instance can these grow and develop within their organization or is this the beginning of an ant for w t o. o on the contrary i think they help the building blocks towards trade liberalisation these blocks these groups these costumes unions these free trade areas they don't come up with without
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disciplines in order to be set up they have to follow disciplines and these are multilaterally negotiated disciplines which ensure that these blocks that these free trade areas will not raise barriers on the contrary that they are going to lower it and begin to these countries into a more open environment. but what about the united states and the e.u. agreement that's probably going to be signing time soon the free trade agreement which is sad will turn into a w w t o just because you know it will control thirty percent of global trade what would you do what we what superstition of w t o after this agreement is signed. the same as any other this is an agreement that will help to move forward trade liberalization. i think that these agreements are very important they compliment the multilateral criticism but they do not substitute. let the motor that work for
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the system for several reasons they're less they're less limited they're more limited i'm sorry i'm more limited in terms of coverage there are fewer countries that participate in them. they. are limited in terms of the disciplines that they can establish they want to address subsidies for example they will very hardly address the new forms of protectionism which is coming into place they would never address these kinds of protectionism globally did that but these agreements wouldn't they're welcome they are an important step in the right direction but they are not to be considered as substitutes and they would never be substitutes for the multilateral to the system so that was two blocks march when they'd be thrashed out for them forging new rules of the game to where it's everyone else. i don't think so because. these these blogs in the united states and the european union they are
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already very open economies and the fact that they are. having an agreement that allows trade goods and services to flow freely between them doesn't change the picture very much what they are actually going to do is go into the area of disciplines they're going to negotiate regulations which are more harmonized between those two and there can be helpful waiting because it diminishes the number of differences in regulations that members have to face when they try to sell their products and services in one or another country but at the same time it helps to move the environment of negotiations forward the more countries are engaged in trade but only see any negotiation such as these more helpful it is for the multilateral trading system to follow into and to act in a similar way rushed. sure and brazil your home country are members of both w t o
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and the brakes club of emerging economies also embracing china india and south africa how much do you think brakes can continue developing into a new driving force in the world it will be a for some time i have no doubts about that even now that the developed world is. a recovering and beginning to grow more rapidly than it was before the brics are still major elements for growth in the in the world economy and i don't think that's going to change very soon one of the reasons for there is that the dynamic economies that are still growing there are incorporated large masses of people into the formal economy so this phenomenon is not going to change very soon which doesn't mean that they are necessarily a club apart they are just becoming part of a more globally integrated world economy coming up to the break what's better
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always there i'm going to shake up next what's russia's gain from joining w t l and who is the strongest kid on the block don't go away. on their way to antarctica the crew of the i can to make sure that of face many challenges. here you have to look out for yourself crashing onto rocks trapped in pack ice in extreme conditions anything can happen and darker always comes up with surprises you have to keep your eyes open because if there's always something going wrong the ship carries huge reserves of water food fuel as well as helicopters and people able to survive extreme conditions they're ready for anything even an apocalypse she's really an incredible ship. calling all antarctica's stations for
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this is academic a field of radio check please respond. i know c.n.n. the m s m b c fox news have taken some not slightly but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be accurate. that was funny but it's close and for the truth and might take. off. for goods because one whole attention and the mainstream media work side by side the joke is actually on here. at our teen years we have to print press. because the news of the world just is not this funny i'm not laughing dammit i'm not how.
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you guys talk to the jokes i will hand over the stuff that i'm. i think. we're going to go digital the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy spread albus its role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and our craft semi-colons we've been hijacked lying handful of transnational corporations that will profit by destroying what our founding fathers once it's all just my job market and on this show we reveal the big picture of what's actually going on in the world if we go beyond identifying the problem trucks and rational debate and a real discussion of critical issues facing america to find ready to join the
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for is probably the most complex and difficult to. all of us are still locked up. in the phenomenon of friendly fire probably extends back to the invention of gunpowder. just killed a bunch of people in the jungle or someone on the premises there are a us people. reading. this summer shoots my brother in the leg not intentional because it is because it was night times four in the morning even the best even the pouch told. are going to make mistakes does this whole idea of brotherhood an author and camaraderie in this sense it was in this context that has absolutely no place.
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welcome back to the show we're talking to roll back the as a vandal the director general of the w t o about the unity he's organization is lacking and the benefits that may not be there so says we already are talking about russia it has been a member for a little over a year and now but what was russia's membership at it on a global level for trade for example. of course russia is a very important economy grew in the in the world and it would be very. unusual in them fortunate to have an organization the size of the w two one organization that is looking for universality to be operating without having russia
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in it so i think the russian accession is a welcome development to the to the organization to the world economy because then the rules which apply globally to the members will also apply to russia so that provides predictability that provides a level playing field i think for all so it's a very welcome development had there been any negative fallout from that. not really i think in the w two every time a major economy joins there is a period for accommodation there is a period for adjustments that happen when for example when china joined years after the jain the chinese accession years of accommodation there was. a better understanding i think the parties were testing where each other word they were talking to each other they were finding areas of commonality but also areas of
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disagreement and that's normal that it's absolutely normal that's going to happen with russia too and that's going to happen with other economies that will be significant and will be joining the euro but what would you say russia has gained from joining definitely. you know taking into consideration both the state of russian economy and also the way things are looking at this present moment. the biggest gain for russia is that it will never be subject to discrimination according to the rules so anybody that. wants for example to impose a protectionist measures something that would impede russian products into the territory they will have to follow the rules but that was not the case before and you could see unilateral action for example being adopted against russia not anymore anyone a letter election or any discriminatory action against russia would possibly be to dispute settlement and eventually sanctions if you're going to impose and so i
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believe that russia has had a lot to gain in joining and will be one of the major beneficiaries of this system you know there's a question that has been keeping us scratching our hat for a while. membership for nearly two decades when it then finally took a cooler approach to joining but it was then accepted even though nothing really had changed in russia's economy what exactly made it a session possible can you explain that to our viewers well it's essentially a negotiation among members and these negotiations take time the reasons why one place. and become right to be concluded vary from case to case in the case of russia it was a lengthy negotiations which were getting. mature enough and the political will think on the part of members and on the part of russia to conclude that political will is a very important element in accession negotiations and it was therefore russia so that i believe was the major key component that allowed the session to be
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successfully concluded that there are many requirements from the w t o to be imposed on russia in the coming years what impact will they have on russia's economy and its people. i can't really tell but i am sure that it will be for the better. well i think in the main crisis of two thousand and eight it really starts to global economy at just about every level so what conclusions have been drawn from these traumatic experience have any precautions been taken in case the situation repeats itself. well that's precisely the reason why the members of the g twenty or meeting here in st petersburg that their leaders level it's precisely to avoid that kind of situation from repeating itself as far as the multilateral trading system is concerned i think could prove that it can be effective for example in avoiding protectionist strains after two thousand and eight the fear was that we would have a repeat of what happened in the one nine hundred thirty s.
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when protectionist measures were put in place and at the end of the day changed the scenery completely and led to further the pression economically across the globe and this time around it didn't happen and i think one of the reasons why you didn't happen was because the doubly chilled discipline stopped members from introducing. protectionist measures here a recent policy change by the american federal reserve so big currency devaluations in many emerging markets as you may know this summer the brazilian ryall went down twenty percent as did the indian rupee and the turkish lira that led to a price hike on imported goods in the goods in this country where does it stand when problems like this come up. all these problems are or frequently occurring. the issue of valuation of currencies or devaluation of currencies is a permanent t. shirt and i think that we have rules into the two which are not perfect for
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particularly the issue of currencies but allow members to take action. and then you rate this situation or symmetries that they find from time to time. i think that this is. normal moment because it will this is not the first time that we see. shifting from you or downwards but what it says like federal reserves leads to unrest in those countries with shaking currencies similar to the arab countries to what the arab countries witness when commodities became too expensive when america started its quantitative easing in two thousand and eight great citizens couldn't afford basics like food and thought it was their government's fault and that triggered the arab spring uprising what's the point of that if not keep some global balance. does not take action by itself ever it is the members that take action so if members feel
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that somebody is doing something which affects their economy or affects their trade capacity then they are perfectly capable of consulting for so they can call the other member explain what their difficulties or try to find the solution mutually satisfactory or they can take the you should to dispute settlement if that's the case but it's up to members to decide what course of action they want to take it's not for the doubly chill to do it by itself the debris field doesn't have any men date to act by its own will. also a.g.a has been playing and playing a crucial role in the world's economy in the recent years does it have a similar role within the w t o and can it keep the lead do you think i think it's one of the most dynamic areas of the world the asian markets in apec for example is largely asian it's one of the most important forum for
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discussion i believe that. asia to be one of the main nexus of the world because of the major for one of the major forces in the global governance fora including the cio. africa is also another emerging continent in terms of economy what do you see happening there where is the growth going to be and who is going to benefit. well i think the african continent is very diverse that's for sure and there are opportunities for growth opportunities for investment opportunities for increasing trade across the continent. most of the times political stability is also a very important factor but not only there it's about creating the conditions to participate better in the world trade flows and it varies from country to country it's very difficult to talk of africa without looking at the particular situation
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of each one of the countries that compose it can you do that but latin america one of the key issues in your opinion that trouble that continent so i think left in america is well positioned to benefit from more growth i think many key exporters in latin america particularly in terms of commodities. non oil commodities but also all commodities in some cases like in america is one of the it is a very mature continent countries are following different bass and those there are more integrated in the world economy those that are more open in participating in the global trade flows are doing quite well just to wrap it up as of that what would you hope to be your biggest achievement and your legacy after you leave the post of yours director general well i hope i have been doing. trade negotiations for
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a long time i started working with the w t o n one nine hundred ninety seven so the organization was two years old in during this time i saw the negotiation facing much better days and i hope that we can i could leave the office with a doubling as vibrant as it was to be. for as relevant as it was before negotiating an important deal and once again being that they were going to scum to to negotiate three. station thank you very much for this interview that's all for today our guest here on soaking co was rob it was in that they had all the world trade organization thanks for watching us and we'll see you next time.
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they all told you my language as well but i will only react to situations i have read the reports from. the pollution and no i will leave them to the state department to comment on your latter point to say to mr kerry you have a car is on the job here no god. no thank you no more weasel words. when you made a direct question the prepared for a change when you run you should be ready for a. critical speech and let him down the freedom to crush. live. live.
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a new generation of polar explorers is coming. we have a new group of specialists here now all of them are young how are they going to get along with each other and i don't know. who. i used to be a bureaucrat. seriously. what adventures await in this mysterious land. of a minute what to eat and what are they actually doing it on talk to go. i think. they would like to do that you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy albus. in fact the single biggest threat facing our nation today is the corporate takeover of
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our government and across to mco we've been hijacked why a handful of transnational corporations will profit by destroying what our founding fathers one still just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem to try rational debate and a real discussion critical issues facing and to find a job ready to join the movement then walk a bit. i know c.n.n. the m s n b c news have taken some not slightly but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be accurate. that was funny but it's close and for the truth and might think. it's because one whole attention in the
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mainstream media works side by side the joke is actually on here because the people coming up. at our teenagers we have a different price. on the phone because the news of the world just is not this funny i'm not laughing dammit i'm not i look. at. you guys sort of the jokes well handed to me i said i've got a. right . first street. and i think the church. on our reporters when they're in.
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the u.n. security council is due to debate a resolution to enforce the chemical disarmament of syria but to the u.s. military remains in position but is a strike at washington's discretion. made all the civil war shows no signs of dying down one of the companies a syrian army on a daily operation in the embattled also goes off damascus. and to the latest revelations of courtesy of edward snowden is that the national security agency has been trolling through private financial transactions both foreign and domestic.
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