they drawing closer together just as united states is putting up barriers in particular the pacific alliance made up of mexico's chile. peru and colombia are hoping that by acting is the antithesis of u.s. protectionism more global trade will swing their way and give almost no we're looking to accelerate the process of wiping out border taxes and barriers to create a free trade zone getting some traction canada and australia among others are in the process of becoming associate members a more than fifty countries sent of service to this summit but there are a couple of important people missing the incoming presidents of colombia and mexico and those manuel lopez obrador in particular the mexican president elect seems to be concentrating on not the trade deal with the united states and canada more than the pacific alliance. that's no surprise eighty percent of mexico's exports to sold in the states but lopez obrador did send his team to the talks the leaders here agreed measures to help small a medium sized firms trade within the bloc provide more educational grants and these the flow of good

in particular the pacific alliance made up of mexico chile peru and colombia are hoping that by actingis the antithesis of u.s. protectionism more global trade will swing their way and give almost no we're looking to accelerate the process of wiping out border taxes and barriers to create a free trade zone getting some traction canada and australia among others are in the process of becoming associate members and more than fifty countries sent of service to this summit but there are a couple of important people missing the incoming presidents of colombia and mexico and there's manuel lopez obrador in particular the mexican president elect seems to be concentrating on not the trade deal with the united states and canada more than the pacific alliance. that's no surprise eighty percent of mexico's exports to sold in the states but lopez obrador did send his team to the talks but the leaders here agreed measures to help small a medium sized firms trade within the block provide more educational grants and these the flow of goods and people it was all business but on the sidelines regional

after we send elections in colombia mexico and chile they're meeting at the thirteenth annual pacific alliance summit in port of a lot of john oman is there any now joins us live and so john what are these countries looking to achieve. well they're looking to achieve the same as they've been looking through achieve for the past seven years move free trade more free movement of people and services and also links across the water asia and also australia and new zealand this is quite an important alliance because these poor countries colombia chile peru and mexico between them have about a third of the g.d.p. in latin america and a population also between them of more than two hundred million people so there's more than fifty countries that have sent observers to this to also try and participate in these tools but this year and this summit is actually especially for mexico there's a bit of added urgency and that's because things aren't going so well with the neighbor to the north there's been more trade there is more terrorists with the united states so it's kind of fissures that we've spoken to

s neighbor it's a member of the pacific alliance it's an economic bloc that's getting stronger and stronger in latin america mexico is in the tepee p. that's the transpacific partnership mexico has shores on two oceans and it's right near the panama canal it has possibilities and. despite mexico's many other trade ties the u.s. remains an important economic partner the mexicans will be watching trump's next move very closely. in the indian city of delhi getting from a to b. can be quite a challenge heavy traffic and poor signposting are a headache for any commuter but for those in the delivery business subpar infrastructure takes an economic toll to electricity access is also a major issue with millions of people in the country still without power perhaps it's no surprise then that indian prime minister narendra modi has appealed for a ten fold increase in financing from the asian infrastructure investment bank from four to forty billion dollars by twenty twenty i want my mommy or not. they're not right. and with. this. in. mind. the. coming. of the. one hundred. with a growth rate of over

with the economies of south america and make itself less dependent on the us the thirteenth the pacific alliance summit comes ahead of more talks over the future of the nafta trade deal between the us canada and mexico you could argue as president then you will take it is rejecting the man's to step down saying it would only lead to more instability in an interview with the us network fox news all take a blame paramilitary groups for the deaths of three hundred people since antigovernment protests began in april but he denied allegations that he funded the groups and said opposition m.p.'s and drug cartels are staying in the region prosecutors in chile say they're investigating more than one hundred fifty members of the roman catholic church for sexual abuse they've been complaints from more than two hundred sixty people most of them with children when the allegations of abuse happened earlier this year pope francis publicly apologize for what he called a culture of abuse and cover up in chile's catholic church. the international monetary fund is warning inflation in venezuela could top a millio

between them the four countries that make up the pacific alliance chile mexico colombia and peru have more than a third of latin america's g.d.p. and a combined population of more than two hundred million the focus of their alliance is on free trade between them and opening up business with other countries particularly in asia and they feel that this could be their moment. the alliance has a golden opportunity if it plays its cards well that's because of a world that they feel is becoming more protectionist particularly the united states. is. if the warnings of trump come true the tariffs will go back to a situation like the seventy they believe that that means the international trade could swing towards them and they do have some momentum with more than fifty observer countries some of which like canada australia new zealand and singapore looking to become associate members look it up with an employer doesn't let in a meeting and then people will go to latin american integration efforts are needed now more than ever because we're seeing a very volatile international scenario but miss

economies of south america and make itself less dependent upon the united states the thirteenth pacific alliance summit comes ahead of more talks over the future of nafta between mexico the u.s. and canada john coleman has more now from the summit in puerto vallarta. this loose coalition of chile peru mexico and colombia has been meeting for the last seven years and it is important this is a coalition the between the countries have about a third of the g.d.p. of latin america that's attracted quite a lot of observer countries more than fifty including australia canada and the united states the one in some way to participate in these summits but this year in particular in this summit it does seem to be a little bit more buzz perhaps a little bit more momentum and that analysts say is perhaps being caused by president trumps of ministration in the united states who have adopted a much more protectionist tone since he came to power and they say there is an opportunity here for these countries to sort of take the reins to bruce to provide some sort of trading and economic energy for this region and

after weeks and elections in colombia mexico and chile they're meeting at the thirteenth annual pacific alliance summit in puerto vallarta . homan is there any now joins us live so john what are they hoping to achieve at this meeting. but they've been having these meetings now since two thousand and eleven these poor countries but there's also going to be more than fifty observer countries coming to watch this time around and hopefully participate so this is something that has been getting traction over time but just been speaking to a couple of analysts they say really this is a moment when these poor countries chile colombia mexico and peru can really in a way grab the reins and grab the center of trade in the hemisphere at the moment since the united states mitt's close neighbor just to the north of us here is currently under a much more protectionist ministration under president trump i just spoke to the head of the mets contrary and he said that they they have they will be using this to try and diversify their trade alliances in the world that's why it's been the aim really of this summit b

several countries in singapore are working with the pacific alliance. so you're going to see a movement of these free trade agreements. and we're not just doing this because trade negotiators like to sit behind tables and negotiate these things. these are really meant for businesses, and these are meant to reflect the new realities today of regional supply chains. things are no longer made in one or two countries as they move about. they're made in multiple countries. so what we want to do is create these frameworks. some may be higher standard agreements, and it's one of those gold standard agreements. some are just pulling together what we already have and making them neater and smoother. so we will have to have all these things going on. again, what i think we would like to see is how the u.s. can engage itself with some of these frameworks. whether it's some of the more bilateral frameworks or even some of the elements that they can connect together, stitch together some of those agreements together that they can feel comfortable with. >> so, matt,

united states, but we spend everything on the north atlantic alliance, whereas, of course, the united states has additional interests, the pacific me say that his allegation that germany is controlled by russia is absolutely ludicrous and i think he just wants to deflect from the fact that many people in his own country, and perhaps myself, think he is controlled by putin. given how much money germany spends on age, is there an historical reticence because of what happened in the second world war and first world war to spend many macron defence, is it not publicly public? absolutely. i think spending on military is much less popular in my country than others, which is understandable, of course, for historical reasons. but we cannot on one hand admitted that germany attacked in two world was their neighbours, and no say that because we did it we now want to be defended by our neighbours. i think thatis defended by our neighbours. i think that is not fair, that is why i think trump is right, we should increase our budget for defence. it is much less than not only the united states but even as compared to poland, france or the uk.

pacific today. the great thing of our engagement is this, where america grows, we seek partnership, not domination. after world war ii, we worked with japan to forge a great alliance and stimulate an economic boom. south korea in the 50's was ravaged by conflict. american assistance and investment in railways, ports and other infrastructure helped create a foundation for our south korean friends to recover, thrive and build one of the world's most prosperous economies, one now strong enough to aid other countries in their development. in the '60s, we grew partnerships to address basic developmental needs. we supported transformational agricultural efforts such as the green revolution, which forever improved farming of wheat, and rice, worldwide. and nowhere more than in the indo-pacific. we helped hong kong, singapore, and other southeast asian economies rise from the '70s onward. in taiwan, economic development went and in hand with creating an open, democratic society that blossomed into a high-tech powerhouse and america was proud to support foundational institutions like apec, the asian development bank among others. thanks to this history of economic and comm

states can do, this is an old clichÉ am building,order strengthening our alliances throughout western europe, the western pacific central asia, so we have an alternative model that can interact with what china is doing. geopolitical contest, we may win the western hemisphere, but china eventually comes to dominate the greater eurasia at the expense of russia. is trump the one who maintains some u.s. influence in that part of the world? >> yes. the south china sea, here is the problem. it is like the caribbean for us. because it is china's home waters, they inherently have the advantage as they use one micro step after the other, like slowly dripping water, to take over. -- only hope is an ally in an alliance. expressed inhis international investment, gina? it is an interesting question. >> most of these countries in the middle east in particular are not investable countries. pakistan has a small amount in the emerging market index. saudi arabia has just entered the emerging market index. the real center will be on turkey. if you look at the progress on the map, you go through iran and enter your through turkey,

the united states is secure, that the alliance of the west is strong and from that strong position will engage leaders on the korean peninsula, in the asian pacificand russia, and elsewhere around the world, but it will be seeking peace through strength. >> bret: the last thing, mr. vice president. the last time i talk to you in this very room i ask you about former national security advisor mike flynn. >> i think it is an affirmation of the president's decision to ask general flynn to resign. >> bret: today he's in court dealing with the possible sentence for lying to the fbi. jim comey and andrew mccabe both told congress that the interviewing agents sought any signs of deceptions. is it possible that he was confused when he talked to you? do you think that all went down the right way as you look back at it now? >> i think the president made the right decision to dismiss general flynn in the wake of those events and as i said, we are fully cooperating with the special counsel to make sure they have all the information that we have relative to those issues, but what i can assure the american people is as all that goes on, the progress that we ar

transparency pacific partnership, it's hard to hear the united states open when it d out of tpp when it's supposed to tighten trade alliance right or wrong, he's been focused on doing what he said in the campaign, he's been focused, if i said i'm going to do it. jon: doesn't like up with what pompeo said. he's following through on what he said he was going to do on the campaign trail but that -- that means actually pushing some of our allies -- >> things like that, but when it comes to america first idea, he's been very consistent the entire time. dagen: he has. i want to get your read, we are going to talk about it later, i will tease morgan stanley clients to prepare for biggest stock market selloff in months, hold that, you will have to wait, i don't know when i will get to ask him about that, meantime president trump he tweets this, the globalist koch brothers who have become a total joke in republican circles are against strong borders and powerful trade, i never sought their support because they don't need their money or bad ideas, they love my tax and regulation tax, judicial picks and more, i made them richer, thei