tv News RT July 2, 2018 12:00am-12:31am EDT
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now india also meant a trade deficit with china and its quite significant one around fifty one billion dollars in two thousand and seventeen and while the two countries side an agreement to achieve a trade balance by two thousand and nineteen i think it's fair to say that the chinese have allowed themselves some procrastination on that front do you expect these tensions with the united states to maybe to make beijing a little bit more responsive to issues like that and others simply because it needs the support. in its trade standoff with washington well that's that's very elated to happen i think you know this is this is very normal kind of outcome of. that if if china is under huge pressure from the united states then it will be more conciliatory to some of the other countries with whom it may have been less conciliatory in the past prime minister more they had visited china and there was no official agenda but spent about more than two days in china. spent quite
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a bit of time together so you know clearly that is there is. a moment in their direction how far can it go i think you know one has to know the details of what is being talked about behind the scenes well and i think one of the news that was leaked after that informal simon between prime minister mori and president xi was that china actually pledged to increase its imports of indian sugar so i guess we can take that as an indication of china trying to sweeten its relationship and its trade with india both literally and figuratively anyway professor we have to take a short break now but we will be back in just a few moments stay tuned. you
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know world big partisan movies lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the past and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely watching the hawks.
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welcome back to worlds apart but our been put that great professor of economics at columbia university professor you've been mostly complimentary of the government for its efforts to lower inflation and spur economic growth but you faulted it for reverting to the policy of import substitution and sort of privileging domestic consumption of exports why do you think the expert model which comes out under so much pressure in china but also in our countries like germany like a number of european countries would be good for india at this point of time. you know the human interaction played economists i believe in competitive advantage and therefore i believe that you know you should countries should specialize in the products where it's costs and or. return it can then import the products which it produces at higher costs when we do import substitution we are doing
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exactly the opposite we are going to. stopping the imports of what we the mystically cannot produce at no cost and we have there for encouraging higher cost production. and that will eventually also impact our exports. it really goes against the competitive advantage principle well i understand your competitiveness argument but i think there is also you know a security argument there if you don't maintain a production capacity for basic goods aren't here exposing yourself to higher geopolitical risks because you know that sanctions and you know the denial of trade has been used as not only as a geo political tool but also as a tool of regime change do you think india is totally immune to those kind of risks but. that is that india actually walked this was not in this.
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this article actually those are there is in this a the it to to to introduce you or me for imports of solution reasons saw you know. the context was actually quite different but also coming to your specific question more squarely the world is much larger you see when single one country imposes sanctions it doesn't close the rest of the world for you and therefore you still have the rest of the world with which you can still trade now speaking about sanctions correct me if i'm wrong but from what i understand the issue of u.s. tariffs is of secondary importance to india because it is now faced with with the sanctions related to the capsule legislation the countering america's adversaries through sanctions act which for example applies directly to russia india would be sanctioned as the last times now india would be sanctioned for doing
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any trade or any significant trade with russia when there especially when it comes to weapons and yet india has been trading with russia when it comes to weapons for many many decades do you think do you have any concerns that india may be punished for what the united states sees as allegedly russia's bad behavior. or. should diplomacy cannot disregard any contingency in any possibility so one has to take that into account having said that. remember that india is also the buyer of very large volume of. military equipment from the united states saw this game can be played by two sides which timidly if it is played by. refusing to forces a sale of. equipment it hurts both sides but at the same time you know india is not a small country. a large country and you know going forward it's going to be
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a significantly larger country you know in another ten years and we're five six trillion third largest economy in the world and therefore i think the united states will also have to take into account. if such move is taken that india can potentially also stop buying the military equipment from the united states now i know that the u.s. secretary of defense james mattis has asked congress for a national security of waiver for india simply because they understand that india is in no position to. implement this legislation because seventy percent of its weapons as far as i know are of russian origin so you cannot change doubt overnight it's a huge investment that was made over many decades and yet from what i had to stand medicine request to congress has been denied where do you go from there i think the unit ultimately you know the long standing tradition of the united
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states is that it is a pragmatic country and every law how it is implemented is extremely important there are gender levey's out at all and working around any law and so i mean i remain completely hopeful that the united states does see india as the conduit to china in asia region and be you know the very effective change of terminology to indoor pacific. from asia pacific is indicative of that recognition so so i personally remain optimistic that way when we found out so that the. access to the russian equipment. in terms of maintenance and so forth is maintained i know that india has a long track record of defying american sanctions i think you did that back in one nine hundred seventy four in one thousand nine hundred eighty do you think it's going to be easier this time around. specially given that it's not only india but i
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think also vietnam turkey indonesia a number of countries that seem to be going to have with. russian weapons purchases and seemingly defying at this kind of legislation see among all these countries india remains the largest answer to the most important and so any serious impact that happens on india's ability to actually defend and be a part of the. balloon that the united states wants to have. is that consideration is extremely important so i personally still think that the united states we need to find a way around delay the solution not you know on the margins. get impacted but it cannot be implemented in a way that it seriously actually impacts the ability of india to be a part of this defense bill what the united states wants to have now i personally
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see it as a bit of a paradox of the american power structure when the defense policy of the world's second most populous countries which is india is being held hostage to some senators you know in new jersey or a club i wonder how is it perceived in india the fact that any given country would . attempt at least to tell you who to do business with and who not to do business with. countries grow bigger. see that. or liz a quid pro quo kind of place and certainly prime minister more they has built many many bridges in his forty years. you know he has gone to some fifty five different countries to build his bridges but he's also tough i think in national interest if push comes to shove he does assert will assert we saw that you know that. india stood his ground on climate change treaty that is a grim. and so i think you know this is
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a game of cooperation but with. national interest that at the center of the policy and also independence which is known for and i think brian's from all the has done a fabulous job of. doing that partly by his outreach i think you know it's been an unprecedented leader in this respect you know in terms of his outreach to the entire global community of leaders now the legislation relates not only to russia but also to iran to reach in two thousand and seventeen that was india's third largest supplier of crude oil and the station on iran is a little bit different because the administration the trauma administration is actually how band on implementing those sanctions you've been talking about the prime minister modest ability to reach out but do you think he will stand ground when it comes to iran as well because the trumpet administration seems to be very
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serious when it comes to its intention to cut iran off international trade but we do need to be found out what got into me you know what it translates into is much higher price of crude for india and for everybody else unless we begin to see much less a place coming out of russia and maybe also some from the united states as well. so that's a challenge. india has had obviously a long standing relations with iran but this is a road that india has been. on before. when we have to see what kinds of compromises have to be made but. clearly you know that that also is a challenge for india now from what i understand it's not only about buying oil from iran but it's also about big infrastructure projects like for example the international north south transport corridor reach new daily fees as an alternative to china's belden road initiative. and
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a key to success of that project is the. poor in iran so we are talking here about not only you know the current indian economy but it also it's a geo political ambition it's regional ambition do you think there is any scope do you think there is any possibility for india reconsidering its role in the region given that the costs of dealing with iran are now so much higher but this is very i think prime minister we need to negotiate with the united states as well to see you know of these other projects are infected. as far as i understand you know currently the sanctions are lifted to trade but if they also impact cooperation on matters like these on investments this something that giving need to negotiate. is in its own master. and i have no doubts that the prime minister is
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very much up to the task now you've been so far very polite and. diplomatic in your characterization of the united states and certainly india but let me push you just a little bit further because especially when it comes to this infrastructure project it seems that. it is actually in the back to american interests you know india trying to project itself as a as a rival of china as a counterweight perhaps of russia as somebody who wants to bring stability to afghanistan and central asia all of that is supposedly in america's interest and yet it seems that the united states is only doing it more difficult for india to country that it's actively been courting do you take that as the united states simply not thinking through all the consequences or perhaps not caring about those consequences yet. there is certainly some element of that that you know the consequence of the perhaps not being thought through hard enough but some of it may
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also be posturing you see the president president trump really sort of you know coming from the business world believes in. cutting a good deal for himself and he has to have spent the past presidents his predecessors were not tough enough so he's trying a different paths but i'm sure he is also a rational individual. and is after the interests of the united states so he is obviously has the most difficult balancing act to perform as you say when you push other countries such as india who are potentially your allies it. can address the impact your own objectives and so therefore it is a very difficult balancing act and i have no doubt that you know in the end. some more sensible position. for the new liberty and really. would.
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hopefully be able to reach. the minimal cost certainly the united states is trying to change the existing it will bring him so when it goes i think the mystery seem well professor we have to leave it there really appreciate your time today our viewers can keep it. conversation going on our social media pages as for me hope to see you again same place same time here on a world apart. or. rather the as he should be. one of the four something beyond what because.
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croatia sends it denmark out of the world cup in a penalty shootout to set up a quarter final match against russia. russia battles to shock shock win over spain making it a day to savor for the team. and fans that go wild across the country as the host nation enters unchartered territory at the world cup. i. was.
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and in other news the german interior minister is reportedly ready to resign in protest against chancellor merkel's open door policy on refugees. are broadcasting live direct from our studios in moscow this is our two international incheon thomas certainly glad to have you with us. now to some. i was excited jump the gun there bed two sides have made it through to the quarter finals of the world cup the host nation knocked out spain and croatia beat denmark with both of those matches decided on penalties for the details here's a harvey and nicky aaron as they report from our studio next red square. thank. you states
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also knockout stage of the twenty eighteen world cup two games but extending a nail by thing i don't see russia has pulled off the biggest song of the twenty eighteen was cut so hot and denmark dreams have been down. yes well good and this is most oh but like you i've never seen or heard it before the celebration really just the quest made not doubt the celebrations being going on now for a full on off policy this is the moment since russia secured the nail biting penalty shootout victory over spying sending the number ten right side in the world packing if you just look behind us nicky we said that this was going to be a policy when bill cosby you may have thought that was the cliche you may feel it exaggeration i don't think i even did it justice because the scene around us is just a call for me of sound cool and since creams and she and celebrations they have will
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stop now for hours and what you see now is just a taste of the crowds that are assembled right across most. we have got traffic johns because of the stopping just the sound of the horse the way the flags out of the paul windows the noise goes don't stop the said just come past midnight they're only just starting this isn't going to stop until the morning i don't think most go even russia has ever seen a celebration like this as you think it was just a football much i assure you it is something much much bigger than life and if you're wondering how the fans responded to all of this this is how they reacted to that victory. you know you should know where all the coast aids being and if you've ever wondered
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what it's like in the dressing room i hope to team up when i game well here's a sneak peek. you anybody talk to my. wife my wife if you talk to somebody. i do think you're going to be thanking me and when i say it is to be russian and. it was some guy russian on the defensive let's be honest they were part of the world right ninety minutes so i'd like to talk where they go no go ahead otis tell you to draw on that with millions of the eye to the see his i would have to thank you thank
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a were you. were good lord lenny a week or so said one of the best minds in the game and just united boss changing renia status by staying off the russians victory at risk. probably resulted in the parking. lot of people liking the. becomes strong but i really haven't been one to critics who are real. everybody will. thinking that they wouldn't even qualify under book sales but believe it can be built some part of it in the team and today they show you exactly that i think they're better choose the right. sceptics to do it by being very strong by a different point of view and trying to give each of people explaining that need homes all over again effectively which they did the fighting spirit forms work that
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may be getting in between the players and then the when they go to extra time they know that their thoughts far to go with a penalty shoot out about being together we'd have friends i think for that long and and we also will let the we've all seen the fellow who would ever play very well for you to ever play you should be eating in go green riding the final four in the world you haven't seen before that though i always lean would have mistakenly seems a team that is just won the world cup and maybe this is how strongly russian fans feel about it they don't often get this kind of success first time they've been this far in the well as you can imagine it's a big hot. was the old he. was.
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all of these people are still maybe between five and ten thousand almost still here the overwhelming majority of them russians tons of thousands who were here when in the stadium in the millions across the country i have the feeling we're going to be a lot of people calling in sick to work some more as a six to celebrate into the coming days speaking as a known russian and seeing many of the people here in the crowd i saw a gypsy should also colombians brazilians citizens old women the russian the trickle of the russian. on their cheeks with the pace the owner of the going crazy with the host for the tens of thousands of russians who weigh all of them except for maybe the hunt for the spot it's a way to celebrate it like crazy it was being. celebrated as you can clearly see the irony there celebrating like there's no tomorrow like tomorrow's. monday to have something like that out in across the yard was last sunday something
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like that happened. on. the one of the hall was the only thing making it seems once again food c h yes off to the people i've done sing jumping chanting at the poles the because it's absolutely amazing what we've just seen history being made russia can do it as a lot of russians see and see this madness excel mazing get it if i can see things the best he saved us he won the match against spain we lead spain is much. some may seem to protein is the way of the much this is great we're so happy we came here. last year thirty. minutes. snore just russian found seats also people from all over the world happy for the.
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