mexican economy, the fifth chapter actually which is far more open than in a state, but any latin american economy along with chile. and similar to most european economies. the sum of exports and imports over gdp is one of the highest there are, more than 50%. we are a country where tourism is enormously important. it's the number one generator of hard currency and the number one employer in mexico where remittances from mexican immigrants abroad are a very important source of currency. and also by the way, a country where there are more u.s. nonmilitary nationals living than any other country in the world. around a million americans live in mexico, which is more than anyplace else in the whole world. this open economy which has been a good thing by and large, not as good as many people thought it would be, and perhaps not as beneficial as many expected, but it's been a good thing in general terms. but it's also very much concentrated with the state, with the united states. 90% of our exports go to the u.s. 90% of our oil goes to the u.s. 90% of the tourists that visit mexico comes from the u.s. a

economy will help colombia develop its oil industry. the multi-billion dollar project is expected to create more opportunities for korean companies in the latin american market. hwang sung-hee reports. korea and colombia have agreed to conduct a joint multi-billion dollar project to develop new oil fields and facilities in the latin american country. the ministry of knowledge economy unveiled plans for the "look asia project" on thursday... which includes developing new oil fields in the llanos grasslands in eastern colombia as well as building a pipeline and other facilities to open up the asian market for south america's fourth -largest oil producer. colombia's oil reserves are estimated to be around 1-point-9 billion barrels,... but currently, nearly all of its daily production of 2- hundred-67-thousand barrels are heading to the united states. the construction of a pipeline connecting the llanos basin and the andes mountain range with a seaport in the pacific is believed to facilitate shipments to asian countries. in fact, one of the two existing seaports in the pacific coast of colombia, the buenaventura port or the tumaco port will be improved w

american decline is what? >> well, i think it is overstated. there is no, if you look at the growth of the economies of china and brazil and other parts of soheast asia and latin erica, of course it i true that american output will be a smaller share of the world economy. and i think actually the approach that the american administration has taken to libya that we just discussed where they say we'll memorize it, we will be there to help in crucial ways but you are in the lead in france and britain and the arab countries in doing this. i think that is n bad thing and reminding others of their own responsibilities in the world. so i think we do have to adjust to that. bu i think the capacity of america to generate wealth, the pacity and will of america to sport human rights a freedom and prosperity in the wor, and to be there decisive moments as america has been and all the decisive moments of the last centy. i have great confidence that that willontinue. >> charlie: mr. foreign secretary, thank you so much. i hope we n do this again. >> i will be a pleasure. thank you. >> charlie: turki al faisal is here former direct of saudi arabia intelligence, former sawed

economies. we have additional concern. china exports a lot to europe and to united states. import a lot from latin american countries. because latin america is becoming a great exporter to china. >> president uribe of colombia and georgia president saakashvili. >> i'll get new ones, because i'm sure we'll cross paths. >> exactly. he is so bright. he's in great physical shape, but he thinks better than most everybody. >> they have a few nice things to say about you. >> i saw a little thing that concurred the same. he's important. i am very surprised because two gentlemen, they are under 25. they have convenience of this very important to look for joint action between the private and public sector on one side, how to prevent societies from export. >> there are shakers in town. old and obsolete already. >> thank you for coming here. andrea, eugene, we'll be right back. [ male announcer ] to the 5:00 a.m. scholar. the two trains and a bus rider. the "i'll sleep when it's done" academic. for 80 years, we've been inspired by you. and we've been honored to walk with you to help you get where you want to be. ♪ because your m

in some other asian country or some other latin american country, but they seem not to notice -- i did not notice that label. when they talk about the economy they complain about the little details. they make partisan criticisms about spending too much or too little. they speculate with elaborate charts about monetary policy. as if the fed were the problem. or about this policy, were then they blame america itself on the grounds that we should be more competitive, superhuman -- or we should effect -- accept the fact that we are no more better or entitled to prosperity than any other country. can they see with the problem is? there is a big bear standing in the room eating our jobs using as his tool, is fork -- fork unfair trade practices. they complained there is no place to sit or stand in the meeting room but no one notices because there is a befar in there. in 1933 ross perot argued against nafta, contending it would eliminate american factories and jobs. al gore ridiculed him. most of the country cast him off as a crotchety old man. now almost all ford automobiles have a label that says made in mexico. woefully few others bring it up --

latin american nations and establish friendly relations with all of them? who use atomic bomb against defenseless people and stockpile thousands of warheads in their arsenals? whose economies rely on waging wars and selling arms? who provoked and encouraged saddam hussein to invade and impose an eight-year war on iran and who assisted and equipped him to deploy chemical weapons against our cities and our people? who used their mysterious september 11th incident as a pretext to attack afghanistan and iran killing, injuring and displacing millions in two countries with the ultimate goal of breaking into the middle east and its oil resources. who undermined the brsystem of e currency and triggered inflation worldwide and was intended to prey on the economic gains of other nations. what countries' military spending exceeds annually a thousand billion dollars more than the military budgets of all countries of the world combined. which governments are the most indebted ones in the world hoond is t who is the government that threatens and dominates the policy making establishments of the world economy? who are responsible for the world economic recession and are imposing its cons

in some other asian country or some other latin american country, but they seem not to notice -- i did not notice that label. when they talk about the economy they complain about the little details. they make partisan criticisms about spending too much or too little. they speculate with elaborate charts about monetary policy. as if the fed were the problem. or about this policy, were then they blame america itself on the grounds that we should be more competitive, superhuman -- or we should effect -- accept the fact that we are no more better or entitled to prosperity than any other country. can they see with the problem is? there is a big bear standing in the room eating our jobs using as his tool, is fork -- fork unfair trade practices. they complained there is no place to sit or stand in the meeting room but no one notices because there is a befar in there. in 1933 ross perot argued against nafta, contending it would eliminate american factories and jobs. al gore ridiculed him. most of the country cast him off as a crotchety old man. now almost all ford automobiles have a label that says made in mexico. woefully few others bring it up --