let me say a word about the trade facilitation agreement that we concluded at the wto in december. in addition to our pacific and our atlantic partnerships and the tisa negotiations, we are pushing ahead on the multilateral front too. we led the every efforts at the wto to reach agreement on the first new multilateral trade agreement since the organization was created in 1995. the trade facilitation agreement or as we fondly call it, tf -- we have an acronym for everything -- was reached among the wto's 160 members and will help open new markets for our exporters by reducing customs barriers around the world. we pursued this agreement because our exporters are more willing to explore foreign markets when they can calculate with more certainty what they'll pay in customs duties and fees. and when they are confident that their agricultural products are not going to perish at a port because of unnecessary red tape. and when they don't have to pay additional warehousing costs because of paperwork delays at the border. the trade facilitation agreement will address these types of problem

to extend the fta fast tracking to nato and wto numbers, there has been the issue raised of potential trade violations based on this expedited treatment to nato members and other specific countries like japan, but not all two members. can anybody speak to that issue in terms of whether or not you believe it does present a trade violation? mr. goldwyn? >> i am not a lawyer. i'm not familiar with all aspects of the bill. to the extent we have a trade agreement with a country and adopt a practice that excludes anybody we have that kind of trade agreement with, we could be accused of discriminatory practice and violation of it. i don't know if the bill covers everybody we have a trade agreement with. if it does not, that is an issue. i would worry a little bit that even if it covers everybody we have a trade agreement with, ukraine i do not think is a wto member. they are. i would want to make sure we want to capture all the countries will want to help and make sure they are not excluded. that is the challenge with picking winners. >> madam chairman, thank you again. i think this has been

we shut down the wto. we've been effective. we've been -- we stayed strong.>> it was protesters 1, seattle 0. it clearly was a victory for whatever they were trying to do. they got the attention that they wanted. >> much of the lasting impact comes from the dramatic images captured that week. >> having a camera in a historic event enabled us to share that passion of the protesters who were there, and sharing that with an audience all over the world, actually. >> we need to be able to tell our own stories. we need some control over our own narratives and our own imagery that's getting out there. so ever since then the camera has been a feature of every protest, every major event. >> coming up -- >> they're coming across the wall right here. >> the story behind one of the 20th century's biggest moments. the fall of the berlin wall. when "caught on camera: revolution" continues. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice

. >> what about the wto? wose two have singled out the russia has used economic instruments to strangle ukraine. what about the wto? is that on your list? >> everything on my list will strengthen the united states and bolster american leadership, economic power, military power, diplomatic power in the world. i think the united states has to shoulder the burden of leadership because there's nobody else that can do it. the international community is not going to do it. >> let's see if paul agrees. >> i certainly agree on the military, i certainly agree on american energy. i think those are two critical areas. on the g-8, we can decide in this room that it is something we want to do. there are six other countries there. $120 billionbout from exports to russia. 80,pe has about a hundred -- has about it on an $80 billion to 200 billion dollars of foreign aid to russia. i'm not sure the foreign minister of france is prepared to consider canceling the sale of two mistral helicopter hair. to the a carriers russian na

have you here.to as we know, russia has worked to join the wto for i think 16 years. the theory behind russia joining the wto was that when it came to trade issues and trade policy, being part of the rules-based system and subject to binding dispute settlement isn't necessary to enforce those rules and this would help to address what we knew would be difficult issues as they integrate themselves into the global economy. the process, that was a useful process for talking about a number of policies that they needed to reform to join the wto. has beened and the wto a worthwhile mechanism for getting out those issues and using that as a potential mechanism for addressing them. that does not mean that there will not be differences in our trade relations. this is a mechanism for ensuring there is a process for dealing with that when it arrives. >> we have a question back here. >> thank you. ambassador, good to see you. your comments were well received. can develop if you more on the markets that you did not mention, particularly latin america. given your background in finan

or go through the dispute mechanism at the wto.cta step to try to criticism and bring more transparency into it. this is an ongoing problem on many, many levels. this is an ongoing problem with a whole host of things. >> thank you very much. the very latest on this rare earth story. what to the world's biggest seed companies have in common? apart from the obvious, they're all partners with an israeli company. >> we have been finding out why. >> these may be small, but they are model plants. genetically modified by echo gene.-- evo the seeds are identified by using computer algorithms from one of the most asked than save -- extensive databases in the business. >> a deep understanding of plant science and cutting-edge technology. we integrate them together and create a synergy that helps us to understand how the plant is operated on the genomic level so we can leverage this understanding of torch -- in order to improve the productivity in the field itself. aroundmarket is worth $19 billion. 's non-gm seedse and it could be raking in

i might add that russia is now part of the wto and we've seen this integration with russia and the rest of europe, and it's a tool and incentive to create world peace because no one would wasn't to broach or break these economic ties. now no one wants to break them after one member country because everyone is tied together so closely. >> we saw the same kind of hesitation with libya, with action in syria before removal of the chemical weapons. is collective action really the only action or is the country like the united states ready to move on its own? >> that's an interesting question, and it gets to what has happened over the last 20 years. we talk about a $20 billion loan guarantee package but ukraine has senukraine--the united stats always been trying to pry ukraine away from russia's orbit. this illustrates why this is such a controversy over the last few days because ukraine really is important. >> mike viqueira, thanks a lot. we're going to take a short break. when we come back we'll talk with area experts about the way forward in crimea, ukraine, and moscow. this is inside story

the wto dispute settlement panel told a shame to correct its export practices and expressed full support for the complaints that have rejected it china's claim that the duties and curtis are aimed at protecting rare earths and the environment. to catch a twisted pushing me to what the he welcomed the judgment he said japan intends to urge china to quickly accept it and the united states and the european union jointly filed a complaint in june two thousand and twelve. rarest of the materials imagine it's a hybrid car motors and once it's put digital cameras that's right i think it depends heavily on imports from china. trade officials from japan and australia have been trying to craft an economic partnership agreement was seven years but they've hit a roadblock in the latest round of talks over the terrace japan levies on beef imports japanese the ocean at the hands of the main traded investment minister and to bond in tokyo as he fled austria with an important trading partner for japan. we hosted two countries can boost agricultural trade. mom said he wanted old prom dresses before austr

it was a great day for domenico during the wto events going on in miami. it is not look like it was going to turn out that way early on though. --a quarterfinal a prominent as a quarterfinal opponent. form.le in fine winning a second set tiebreaker, then grinding out victory 3-6, 7-6, 6-3. she is not only through to the semifinals were also breaking into the top 10 for the first time. next up for her at the number two seed li na. it was a good day for spain in cycling as rocky rodriguez won the first mountain state in this year's catalonia and took the overall lead. the -- to hold the white and green jersey, but that was set to change as the pelican raced into the pyrenees yesterday. 163 kilometers that included three tough climbs, the last of which rose to the finish at lama lena. heading into the final kilometers, after the successful hunt down, the heavy hitters was rodriguez, and it was the patricia,acing for who broke away to take the victory. alberto change -- chase after his fellow spaniard to finish second. tour de france winner chris could only fi

all countries in the end of the wto because it opens up new markets a new opportunity to see nasa. for instance a child of the most typical wedding hall with internal assessments. mostly are to be company's export abroad after resources and raw materials consumer goods machinery and equipment are exported in the region from neighboring countries in general the turnover of up to the region with the customs union countries. makes about one point five giving us dollars. this amount is achieved by export of goods in russia campbell rose. now the entrepreneur is planning to update the product line and increase the capacity of the enterprise. does inform the national news agency launched a chinese news service currently over one thousand stores are available on the portal thus causing four mascot the russian english and chinese versions cousin form portal is available in a hundred and ninety seven countries the agency correspondent will work in all regions of comics that any country's extraordinary income of the country's ambassador of china to kazakhstan teaching and watch the chinese v

the wto does not buy into that. they have been complaining.f you limit exports, you are driving up global prices. global prices are jumping. theyompanies and china, are getting access to these elements at three times less the price that companies in the u.s. are paying. this comes down to turning -- chinese industry getting a competitive advantage. turn has to respond. >> we will watch that story. up, when fan enthusiasm goes wrong. the story behind for ari's legal battle over a 21-year-old. plus, is microsoft embracing what users want? that is what the next guest says about the unveiling of office software. we will have a discussion when we return. with hise here thoughts on microsoft's move toward apple and other developments in the microsoft is this. -- business. ♪ tobut -- let's get back jonathan edwards. >> a little boring right now, but the story is anything but. household spending declined 2.5%. tax coming before a sales hike. the finance minister says the japanese government will frontload spending. 40% will come in april-june. thecomp

they are brothers who turned 50 last month and are the only twins wto have over flown in space. >> flightld help solve the mystery of flight 370. but first making a dream come true for an adult with a terminal illness sounds like a pretty tall order. reba broberts wanted to see her family again. the elvis fan got something extra to impact her world. >> hi, reba. >> reporter: she was throw thrilled when priscilla presley came to visit her. she both into song. >> ♪ blue suede shoes >> presley is part of a charity that grants wishes to adults with terminal illnesses. >> the request you would think would be crazy things but they are not. they are simple. they are about getting back with your family. having a reunion. like seeing your sister for the first time in four years. >> we hugged and hugged and hugged. >> when you stop and think of it that offers comfort to the family members. what they go through to try and grant that last wish when they really can't >> according to the dream foundation, around 20,000 wishes have been fulfilled in the past two decades. to see the smiles and the apprec

it commands a section of the natural gas act to allow for exports to wto companies. we will look forward to hearing more specifically about other pieces of legislation on this subject, both pro and con, and neutral, as we develop our policy. senator, thank you, for your introduction of this bill. then i would like to put into the record an op-ed that i thought was particularly on point from the wall street journal. export strategy. and from the new york times, from thomas friedman, a blessing in disguise. with ourike to begin witnesses. we will go through a round of questions. adamson minsky -- adam, and next a senior fellow in national security. have avery pleased to minister of energy from the republic of lithuania. that will give us extraordinary and very timely view of what is happening in his part of the world. when,. david gold brookings institute. with fiveld proceed minutes of testimony and a round of questions, thank you. committee,of the thank you very much for the opportunity to be here today. statistical analytical agency. >> could use big a little bit cl

i have a second-degree amendment that i believe would bring this amendment more fully in line with wto issues which i am afraid that the base amendment bumps up against. and i also know there are some complexities. i know we had a discussion the other day about lng and how you actually cause it to get to the place you want it to get to. but i'm going to not offer the second-degree amendment because my sense is this amendment is not going to pass. and i want to say to my friend from wyoming that i'm going to vote for this, and i hope though as we move along if it's offered again on the floor, we might work together to try to overcome some of the issues we feel make this relative to wto issues, make this work better. but i really appreciate the thrust, and for that reason i'm going to support your amendment. >> before i recognize other members which i will, and i appreciate senator barrasso's being a continuous voice in this regard -- and there are others on the committee who join him on the issue -- however, i, just to let members know it is the chair's intention to rule senator whereas

. >> what about the wto, the world trade organization.ave been those of single out the wto said the because russia has used influence, economic instruments to strengthen the ukraine. even prior to this aggression. what about the wto, is that on your list? >> it is less on my list. it bolsters american leadership, economic power, military power, diplomatic power in the world. i think united states has to shoulder the burdens of leadership, and because there was nobody else who can do it, the international committee is not going to do. putin will take the job. >> let's see if paul agrees. >> i certainly agree on the military but i certainly agree on american energy. i think those are two critical areas. on the g8, we can decide in this room that that's something that we want to do. there are six other countries that are. many of them in europe. you it's about $120 billion from exports to russia. europe has about 180, $200 billion in foreign the best investment in russia. so whether governments are prepared to agree to that, i'm not sure. th

toss could be an effort to russia out of the g-8 altogether, and then kicking them out of the wto, freezing assets to u.s. banks and european banks, and severing commercial ties. we are a long way from that, a lot of road ahead in terms of trying to reach a diplomatic solution there. tengion seem to be going up instead of down. >> thank you very much. for more on ukraine, and the potential sanctions that could be imposed on russia we have robert kahn, the former senior adviser at the world bank. great to have you with us. i wanted to get your perspective of what you know about the situation in crimea, ukraine, and russia. and how you think things are going to play out. onin terms of the economy the ground in russia, we have the makings of a very severe crisis. there are economy was already doing poorly, the government is using reserves at a rapid pace. even the basic functioning of the government is proving difficult. the economy is falling quite sharply, so from an economic respect of there are some needs that he should be addressed if we're going to sustain this coalition during this very

little bit that even if it covers every we have a trade agreement with, ukraine, i don't think, is a wto member, and they are not a nato member. they are? okay. i would worry, make sure we capture all the country that we want to help, and make sure they are not excluded as well. it's the challenge with predicting winners. >> uh-huh. madam chairman, thank you, again, i think this has been very, very beneficial, very timely, and thanks to each and every one of the witnesses. your leadership as well. looking forward to working with you. >> thank you, meeting adjourned. >> i rise to express my robust concern about russia's actions and the continuing escalation of tensions in central and eastern europe. even with ukrainian troops leaving crimea, russia continues to extort the ukraine. disenyouing an agreement on gas prices that was part of a bilateral agreement, allowing russia to lease the port for the fleet, and russia is now arguing that it no longer has to provide the discounted gas because it illegally seized the port, but it also must be paid back $11 # billion for prior discounts. at t

. >> russia is now part of the wto. holding back until they see a resolution? the russianstands market very well. those companies are concerned, but they are relatively positive about going forward. >> just to give you a little historical context, the last time something like this happened was 2008 when russia invaded the former severe republic of georgia, now an independent country. somers says it feels little more intense than that it may take longer to work through and there could be a de-escalation of those tensions. and europeane u.s. union do not introduce sanctions. if that happens, all bets are off. the u.s. department of agriculture isn't waiting for the international monetary congressional aid package to help ukraine. says the united states is looking to import hemp seed from the embattled country and they are out industrial applications for the plant. we have more now on that story from washington. what does this say about efforts to rebuild ukraine's economy? >> it says the u.s. will be in this for the long haul. when people are signing goingents, t

i think it's stunning because russia has recently joined the wto. they would have a lot to lose if the sanctions went forward. to the extent that they could. thank you. more followed from the scandal surrounding the london interbank libel or. a lawsuit against a dozen banks it accuses of manipulating libor from 2007-2011. peter cook has the details. good afternoon. >> good afternoon. there has been a lot of talk over the last couple of years ever since the first allegations of manipulation of this inchmark lending rate 2008. you have had to traders who have been fired or put on leave. you had investigations in the u.s. and abroad over the interbank scandal. now you have the fdic filing a in new in federal court york that accuses more than a dozen banks of manipulating libor. they are alleging that that meant oblation -- manipulation -- they are seeking to recover losses suffered by those close banks. the fdic took those banks over and is trying to get this money back by suing these banks. a lot of these banks -- very big names here. more than a doze

russia supports for wto. a number of other things. >> tom donilon, thank you for joining us. i thank you. >> thank you, charlie. ♪ >> wes anderson is here. he is one of the most original filmmakers. his movies are known for visual style. his new movie is set in a fictional town in pre-world war ii europe. it follows a concierge and lobby boy who becomes his trusted friend. here is the trailer for "the grand budapest hotel." >> why do you want to be a lobby boy? >> who wouldn't? >> my life began. junior lobby boy in training under strict supervision. many of the most valued and distinguished guests came for him. >> i love you. >> this was also when i met her. >> she is charming. >> so charming. >> i approve. >> he was to be my counselor and guardian. >> she has been murdered. >> stop! >> you are looking so well, darling. you are. >> this is madame's last -- a painting bequeathed. >> if you lay a finger on my mother, living or dead. >> we need to make a plan for your survival. we may need a magnifying glass but it tells you how to find it. >> that is the term. >> ♪ >> i want --

what about the wto?here have been those who have singled them out because russia has used instruments, economic instruments, too strangulated ukraine even prior to this aggression. what about the wto? >> it is less on my list because everything on my list will be something that strengthens the united states and bolsters american leadership, economic power, military power, diplomatic power in the world. i think united states has to shoulder the burdens of leadership because there is nobody else that can do it. the international community will not do it. let's see if paul agrees. >> i certainly agree on the military. i certainly agree on american energy. i think those are two critical areas. g-8, we can decide in this room that that is something we want to do. there are six other countries there. many of them are in europe. europe gets about $120 billion from exports to russia. europe has about 180-$200 billion in foreign direct investment in russia. whether european governments are per pair to agree to th

and our colleague, mark udall, has introduced a bill that would expedite approval of exports to all wto countries from existing or future export facilities. i support this effort. the volume of our exports will be determined by the price of gas and the costs of facilities. and the gas will likely go where there's the most need. and there's a strong interest, i think, in eastern europe given russia's aggressive economic behavior. last summer i joined a bipartisan letter with both democrats and republicans to support further lng exports, and i understand there's also a bipartisan op to decision to this -- opposition to this policy. but what the letter said -- and these are both democrats and republicans saying this and it's even more true to today -- the world is hungry for u.s. natural gas. so what you're doing i would really like to work with you on, but i think this could derail this very important bill we're working on, and so i'm going to support the chairman in terms of referring the jurisdiction and the ruling that he has made. thank you, chairman menendez. >> senator kaine. >> tha

our joint interest and we got quite a bit done, including the arms treaty, russian succession to the wto, russia's support in afghanistan and other terrorism efforts and a number of other things. president putin came in in may of 2012 and really i think the right word to describe the u.s.-russia relationship since then has been stalled on big issues. we have a number of things we do back and forth, but on big issues, it's been stalled. putin, it's interesting, had expressed to me then and when i saw him last may an interest in deepening the u.s.-russian economic relationship and, of course, that's going to be damaged by this. but big things like the next steps in arms control, addressing missile defense issues, these things have all been pushed aside by syria and they will be pushed to the side for the foreseeable future while we work through the situation of ukraine where russia has acted in a way, really, incompatible with the order put in place in the post-cold war world in europe in a forcible a annexatin or occupation of a sovereign country's territory. >> charlie: tom donilon, than

we can start by kicking russia out of the g-8 and the wto. you're supposed to act a certain way to be in those international organizations. we should use financial tools against putin. we should charge him with war crimes. he staged a war of aggression. and longer term, we could free central europe from its reliance on russian oil. they're the rudiments of some of the infrastructure for pipelines and gas terminals that would not be dependent on russia. poland's foreign minister said they may buy gas from the united states if we could export keystone and some of the regulatory issues here. but as you indicated, it would require a bit of leadership. >> coming up in the second half of this show, we'll talk about the leadership and what needs to happen on that issue and others. christian, great to speak to you. thank you for your insight. >> thank you. >> i want to tell you about pope francis who is joining the scores of leaders around the world calling for cooler heads to prevail. the pontiff asking the faithful to pray for those caught in the m

organization is something that russia might lose its membership and that work so hard to get into the wto? >> i haven't heard that specific conversation. i think in general rush's credibility and stature internationally is affected by the sanctions. the system that is in place through organizations with broad international membership that affect. trade and politics through the united nations and other organizations are dependent on fealty to the rule of law. a shared commitment to resolve differences through legal means and what we have seen of late by the actions taken by the russians in crimea is an undermining of the violation of those principles that undergird that structure that supports all of the international institutions. so it certainly affects their standing within the world community. i don't know at this point how to answer questions about status of membership within any specific organization. last question. >> vice president this morning talked about diversifying the region's energy supply. can you talk a little bit more about what the vice president has in mind and what pos

on arms control, on russia's succession to the wto. many other things that russia wanted and the u.s. helped them to get. what happens to all those partnerships? what happens to obama's attempt to really draw russia in and make it a statesman-like partner with the united states and less of an adversary. looks very much like an adversary now. >> anne gearan, edward stevens. the president expected to come into the press room and talk about breaking news at 10:45. >>> the strongest earthquake in recent years has hit the leaks area this morning. estimated 4.4. maybe it doesn't sound huge on the richter scale -- we don't use that scale anymore -- but people are talking and tweeting about how it felt. miguel almaguer is live in l.a. for us. some people were probably shaken awake this morning. maybe even you. >> it was certainly a significant jolt. as you mentioned, in the large scale it wasn't a huge earthquake here in los angeles but certainly enough to rattle folks out of bed. 6:25 this morning, about 15 miles from downtown l.a. significan

it's not clear whether that's technical assistance, when it's, for example, going to the wto and complaining and filing complaints there or whether it's actual money as an offset. scott, back to you. >> okay, michelle, thanks for that. we are covering from ongoing story today with our traders and panel. pete, mike, joe, and josh are with us and kenny on the floor of the new york stock exchange and paul richards will be joining us shortly for a look at global markets and how currencies are reacting. kenny, to you first. what do you make of how the stock market reacted yesterday and then this really powerful snapback today? >> you know, i think it's -- i think it just goes to tell you the anxiety level that exists in the market. right? yesterday you saw reaction to the events that happened over the weekend. right? everyone talked about it. risk off, people want to take money off the table. really what you saw with trader types and short-term investor rs taking money off the table. long term asset managers don't make decisions that quickly and that fast. right? they wait to see how it unfolds.

and i would say that russia is a wto member, it's the third largest trading partner of the eu. about $665 billion of global trade is transacted with russia. so to some extent i think it could weigh on multiples if this thing drags out. the other thing i think it could bring out and people don't realize this, even though we had an all-time high in the s&p last week, stocks are lagging versus bonds versus commodities year-to-date. that's something we haven't seen for a couple years now. i'm curious what your thaulgts are there. >> i don't disagree that russia isn't an important country. that's a give-me, i can agree this can get worse before better. with reports to the latter about stocks, bonds and the like. to i think it was joe's point earlier, it's been a really tough start to the year here. but at the same time if you dig beneath the headline and to the type of stocks that have been outperforming year-to-date, it's not all defensive in nature. obviously from a major sector standpoint you have utilities doing quite well this year. but if you look at construction materials and

other than the landmark entry in 2001 that helps china enjoy the frog leap when we entered into the wto, when 9/11 took place. terrorism,hing back and you enjoy economic development. many go back to the sensitive issue of ideology. i would like to go back to the first question. said ift bush senior you can change the name of your ruling party, the image of china would be a lot better. i wonder if that is still the way americans still perceive the image of china. >> yes, i think that is absolutely right. americans, one of the first things that comes to mind when asked about china is communism, and as a country that , a successor to the enlightenment tradition in liberalism,l defense of liberty and freedom, being central to our understanding of who we are, communism is scary, and that is precisely why people like yao ming are so important because they create an image for china that is not about the chinese government, which is fearful for any freedom-loving american because of the communism, but y ao allows us to think about the chinese people, and the american people actually have a posi

association agreements, the transatlantic trade partner ship, transpacific partnership, the idea that the wto has ground to a halt and although trade negotiations are going nowhere and that maybe a regional whether bloc could find -- more likely to lead to confrontation and to more confusion. so now there's a discussion going on behind the scenes about how can we get across that? how can we find different ways of discussing this and finding out what is the main construct by the russians and others by the creation of these blocs. it is entirely possible that there could be some more discussion about eurasian union, dnr european union and having a very pragmatic discussion about what is the real roots of this sort of conflict and the confrontation over this. asked about impact further afield and i think might in particular -- talk about this on afghanistan -- going to be great deal of complication on this syria and iran front in this, because we saw the blocking of the un envoys into crimea over the last few days. been discussions about having a u.n. monitoring mission of some over -- also the

last two decades has shown that ability to observe the rule of law, in many aspects, including the wto, the manipulation of currency, the protection of its own markets, and many other problems. communismfferent than and democracy. i am asking you -- >> which must? >> all of you. how to move forward so that china can observe the rule of law so we can develop a better trust and have a more stable and peaceful regional and global development, especially in the south east china sea -- >> ma'am, this is a lot of questions. >> just one, rule of law. will become ana democracy. that reminds me of a book, at the end of the cold war. basically what was said is liberty and democracy prevails with the collapse of the former soviet union. what we saw today was so many political chaos in young democracies like thailand, and theukraine, egypt, sovereign debt crisis in europe. that leads to a financial meltdown in north america. worldould turn the [indiscernible] that how can you explain the magical appeal of the democracy for improving the livelihoods of ordinary folks? peter? >> i would come to the

as a top 20 world economy and a full member of the wto and aipac, taiwan place and structural in the asia-pacific region and worldwide. i want to participate in about 60 international organizations as well as hundreds of international nongovernment organizations. the united states supports taiwan's membership in international organizations that do not require statehood for membership and we support i want to meaningful participation in other international organizations. we are pleased that since 2000 i once participated every year in the world health assembly as an observer. we welcome taiwan's participation at the international civil aviation organization, otherwise known as icao. that assembly in montrÉal in 2013 as guest of the icao council president, and we support taiwan's -- taiwan's extent that his bigamy future. we encourage other international organizations to increase taiwan participation in technical or expert meeting. taiwan's role as a responsible player in the global community has been will be mistreated by its disaster believe efforts in the region. taiwan was a quick

issues and wto issues and i realize the complexities are much more difficult than waging waging -- waving a wand and natural gas appearing in the ukraine but what are some the things that it been discussed in our not agreed to relative to how energy policy in our nation lists excesses can help me because europeans candidly as someone mentioned earlier they don't look like they are acting extremely courageous now because of some of these energy issues and other things. what are some of the things that might be considered relative to the energy that could be important right now relative to ukraine? >> i think the most important thing we can do senator with regard to ukraine is to help them develop their own energy resources like the black see for example and take advantage of shale technology as the polls have done recently. to help them diversify their resources and central asia or other energy producers to them they can turn to help improve energy efficiency because energy use is enormously inefficient in ukraine so those are all practical things that i think we can do quite apart from th

trade and investment partnerships, transpacific partnerships are all coming out of the idea that the wtos cried to a halt. all the trade negotiations with know-how going nowhere and that may be a regional bloc could provide some way forward, now see in the regional blocs are more likely to be leading to confrontation and more confusion. so now there is a discussion going on about how to make it across that? had wi-fi in different ways of finding out really what the main thoughts received by the russians and others by creations of these blocks. it is entirely possible that there could be some more discussion of our eurasian union and the european union association agreements taking down the rhetoric and having a very straightforward, very pragmatic discussion about the contacts and confrontation over this. ricardo asked about the impact of further afield and i think mike in particular could talk about this in afghanistan. from one perspective there's a great deal of confrontation on this year yet and from because we still have the blocking of the envoy into crimea over the past few days i

so if we cut off those talks, if we try to as far as we can within the wto lower our trade with russia, that would send a pressey strong message. >> how far are we going to go? will we turn russia into an international pariah? what really are these harsh measures? i don't think that, oh, not going to sochi g-8, no one wants to go there anyway. >> we've been there. we've seen the hotels. >> you mentioned possibly taking away visas from the parliament. that is an option on the table. putting a travel ban on putin traveling outside of russia if the u.s. really wants to send a strong message -- >> which would be great. >> round up our allies to do the same thing, that would be amazing. >> there are some reasons maybe why our allies hesitate to take a step like that. we can talk more about what could or should be done given what's going on in ukraine right now. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. did you run in

. >> what about the wto? those who have singled out the wto simply because russia has used his immense -- economic instruments -- russia has used economic .nstruments >> everything on my list will be something that strengthens the united states and bolsters american leadership, economic power, military power, diplomatic power in the world. the united states has to shoulder the burdens of leadership. because there is nobody else who can do it -- the international community will not do it. putin would take the job. ali khamenei would take the job. we do not want that. >> i certainly agree on energy. , we can decide in this room that that is something we want to do. there are six other countries europe.any of them in billionets about $120 from exports to russia. billion, $2000 billion in foreign direct investment in russia. whether european governments are ready to agree to that, i'm not sure. the foreign minister of france said a couple of days ago they are not yet prepared to consider canceling the sale of two

the romantic gesture such as smoothing russia's entry into the wto worse this post -- were supposed tohelp as was the decision to of the g-8 meeting in sochi, the site of the recent withdrawal of picks. senator graham and others talk about the situation. tyrone, pennsylvania, good morning. caller: good morning. i would like to say in reference ukraine, here we are, we went into afghanistan after russia, russia had to leave. they were going broke. we are following the same ,attern of being in a country all of our treasures are gone. we lost a lot of soldiers. we are having a big fight in the senate and we cannot get anything through to congress. we're going to tell this country what to do. n is saying they have no money, because we are constantly claiming broke. he is going to ratchet his war of. he has no reason not to go at because he sees no backlash from the united states. he will not get it. gas, controlling the oil, and this is about money. this is economics. if we don't take the money back from him and slow them down, we are not going to do anything to putin and he knows it. host

it has brought russia the wto will stop the argument goes -- we did not choose the kremlin should standwn on free expression and take actions against its political opponents. why did not create the oligarchs and russia -- russians did that. it is a great healthy debate, and looking back is useful so we do not get things wrong in the future. but we are where we are, and we are in a situation where the west would still like to engage with nato. nato is not as defensive an alliance as putin would like to paint it otherwise. now we have to do with the russia that we haven't over the short term, we have a situation that is quite dangerous, but in the medium term, we have a country that is written resources, and like, and capabilities, which would be a wonderful partnership to the west and in many respects a natural partner for the west going forward, so it is quite important that we navigate this for a dangerous moment in the right way because ultimately it strikes me if you look at where russian businessmen are looking where they are investing, where they have their house is, where they are

not only do we work on ensuring that they live up to all the wto commitments. we haven't been afraid to litigate when we feel that they are not. and i would add we have done that very successfully. but we are also discussing with them new opportunities. and i was a the most important one right now is negotiation of a bilateral investment treaty with china. they took a major step last year in a green to work off of a negative list in negotiation which means that it would be much more comprehensive than otherwise. so rather than all the areas the agreement would cover in a positive list sense, we will instead be able to have the agreement cover broad areas and exclude only those that are expressly named. so working on a negative list base is significant a breakthrough. and we hope we will be able to bring conclusions to successor, these negotiations to a successful conclusion. in terms of the currency question, it's obviously quite complex. there are different views of the relationship that that question should have. to our trade agreements. and that's a discussi