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tv   St. Petersburg International Economic Forum Panel Discussion  CSPAN  May 25, 2018 11:19pm-12:31am EDT

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petersburg international economic forum in russia. it is an event bringing together business and economic leaders from around the world. he was joined by the leaders of france, japan, the vice president of china and the managing director of the imf. this is one hour and 10 minutes. >> thank you very much. we have had five area eloquent speeches and now is the time for questions and i hope direct answers. the conversations have gone from football to climate change, but to focus on trust and especially look at three areas where this is an issue. nuclearthe iranian accord, we have north korea, and we have the u.s.-china trade war. then we will look at russia's relationship with the rest of the world. putin, will you take
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the first question? there is a nuclear deal signed with iran in 2015. donald trump has unilaterally withdrawn from it. you have condemned this, mr. macron has condemned this. you have said you want to keep the deal, what actions will you take to keep the deal, the iranian nuclear deal a lot -- alive now? [indiscernible]
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[applause] question, if during the previous sanctions regime, russia supported the sanctions against iran in do follow the rules, this time you disagree with what has happened. if americans impose sanctions on iran selling oil, will you buy the oil perhaps in exchange for wheat or something like that and allow iran to get around the deal? >> [indiscernible] [applause] >> [indiscernible]
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[applause] >> [indiscernible]
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[indiscernible] [applause] macron, all of these french deals have -- french companies have deals with iran, how can you protect them? they might not be able to trade with america. >> [indiscernible]
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reconsidermake you the way in which you deal with tosident trump, you tried persuade donald trump to junk the iran deal. persuade him not to quit the climate deal, not to move the embassy in jerusalem. you tried all these things, you tried the softly approach. not worked. do you now think you should much with mr. trump in a harder way? >> i continue to work on that because that is my responsibility.
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and i believe i would have been -- [indiscernible] [indiscernible] [indiscernible]
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[indiscernible] prime minister abe and vice president qishan. we have the issue -- you can now
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run for president of russia. as well. minister abe and vice president wang qishan, we have issue of america, north korea and the talks. yesterday donald trump said the talks are off and now rumors come he said they could back on. i want to the ask both of you who you thought was more to thee for the fact that talks may not go ahead. itit north korea or is donald trump for pulling back? vice premier wang you first.i come to ofna has always been an ally north korea. do you think they are more to blame this time?
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vice premier wang qishan, do you have an approach from china's side about an answer to problem? [indiscernible]
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television and the internet, i saw the news saying that representatives of foreign ministry position ofed the the chinese government on the betweention of talks north korea and the u.s. they asked this question. to tell you that the nuclear issue on the korean peninsula has a bearing on china's core interests. anda hopes for peace stability on the korean peninsula. .indiscernible] should promote.
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of the denuclearization of the peninsula. .indiscernible] trumpatement of president and the statement of north sides leave room for maneuver. it's between north korea and the u.s. right now. [indiscernible]. you achieveeve that
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results -- but in order have to be full of hope. >> i will come to madam lagarde a second but do you have any advice to the world in terms of how to deal with president trump? because you are somebody who was with the election of donald trump and yet you look at what has happened. there are many people under sankses. he's withdrawn from the iran deal. there are doubts on the north korean deal. think you've gotten in a relationship with him, the question i asked mr. macron.
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[applause] [indiscernible] that donaldsay trump lost because he pulled out from the iranian deal. i don't think he lost. he is just doing good on promises.
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[indiscernible] [indiscernible] despite all the difficulties,
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the two countries did manage to agreement and right now the president of the u.s. talks.t shut the door to andoes not rule out agreement. be a two-wayto street. i think all is .ot lost yet >> lagarde?
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>> said aboutng you economic matters, that is something i'm also concerned about. [indiscernible]
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ms. lagarde, can i just ask -- president putin, this room, around you would seem to be evidence work.anctions do not everyone i meet here has been and yeted in some way russian business continue to thrive. do sanctions have any effect at all? [indiscernible]
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[indiscernible] [indiscernible] me lagarde:would you allow to jump in? i'd just like to make one point not for me toinly have an opinion on what is national security and the leaders here are much better on
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that. but when we decide to rebuild, redefine the architecture of the international order and laterallism, i think we need to be really careful as to the transparency and the actual impact because while we are referring to decisions that have mr. trump recently, system embedded has affected many companies that are represented here. even when the united states and its allies decided to lift sanctions on iran, many here in this room did not do business with iran or financialvery funny circuits involving some strange banks, sometimes, in order to do business with iran, simply because the u.s. legal system is suchciary system convoluted and obscure, the u.s.ively, for
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interest, that there is no even though sanctions had been lifted so i think in rebuilding and the actual impact at the variouscally in countries, really need to be clarified and that applies to that have been decided against some russian individuals, as well, where great uncertainty as to whether or not they are targeted sharelves, they're holding in companies, the somenies themselves, holdings, large territories of their corporate empire, so that is a real issue of confidence that is simply not there and needs to be addressed. subject ahange the bit with you towards the broader subject of global trade which discussed and we have had a great deal of criticism of america on the panel, on many different issues, unilateral ones where it seems to take a
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unilateral approach but the dispute,e of the trade the biggest trade dispute at the moment is china. presidenthe vice sitting next door to you. what do you think china should its markets to america and where do you think it should play its part in that, >> trade has been good to china. trade has been good to many other countries, as well. in improving living standards and lifting people up and acting as a driver for growth. trade is a driver for growth around the world and has been. after 10 years of depressed growth and trade, trade is finally picking up and growing faster than global growth. it is imperative not just for china, but for all countries
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that rely on trade for the growth to defend the national order in which trade is operated. as i understand it, the andlaint that the u.s. china is of two different natures. china sells more than it buys from the u.s.? that is the bilateral trade deficit during the u.s. and china. it is a very strange way to look at the balancing act around the world. one country should not look at one single deficit with another country, but it's overall decision for the rest of the world, that's how it works. it is a strange complaint. the second side of the complaint of the u.s. is that in the trade game played by all, the allegation against china is it does not respect the intellectual property rights. it forces chances of technology
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when it except foreign direct investors in china. state owneds enterprises. according to the allegations, it is unfair trade practices that investigated, looked into, and eventually sanctioned. true, there is a form to debate those issues. the wto to which china is a party, the u.s. is a party, it should be the foreign that is debated. that is the question of making sure that questions are implemented by china. do it outside the forum is not the right way to go. it is ignoring the rules that you actually volunteered. number two, taking a unilateral approach that is going to be a self-inflicted wound on the economy that decided. if i tell you when the u.s. decided sanctions many years ago against china, the big tires
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that were on the big flurries, each job stayed in the united states cost $900,000 for jobs saved. this is not the way to go. the cost benefit analysis drives to that conclusion. >> vice president, icu applauded her. see china approaching this dispute? is this an area where america has it wrong, or is there room for china to open up its market? >> i would like to emphasize that in china, i was not
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involved in regulation of the trade issue, which is not part of my -- authority. historically, i did some work as a deputy of the state council when i was overseeing the issues with the united states. , between the trade war the countries, it is very fast-paced, very often we are holding consultations. i believe that we must act in a and we shouldr not be emotional about it. the chinese president once that china is not afraid
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of anything. sense for china to provoke an instance. we believe in any case we need to avoid any trade war because there won't be any witness in such a war. like the case was in the example of the war between england and france. 100 years it lasted. in the textbook, there's only one line describing it. runs in that war. and mutual benefit is a zero sum game. matter.a very serious
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the chinese government has always been following the principles of mutual benefit because that is something that will bring good to all the and willn the world reflect the interest of all the nations. the president came out with such an initiative to create the destiny, of the single specifically based upon the ability to go for the meaningful -- mutual benefit of game. is something everybody should ponder. thank you very much for your question. >> i know that you have always studied america. , you oftentudent talk about america.
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do you still think china cameron from america? -- can learn from america? are a lot of things that we can learn from america, because america is the only global superpower. despite the soft power or the hard power, they are still number one. developmentbiggest -- developed country. and with china, the biggest emerging country, the second economy in terms of volume. we need to cooperate, we know quite well about it. emotion, wengle should try to achieve the best results. ready for the
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circumstances. that is the wisdom of the fuzz off of a -- philosophy of the chinese people. america,e an ally of it has caused trouble on trade. have you changed your opinion of america? , despite being the -- from thee did point of view of the national
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securities, countries should ofose duties that the 60% the japanese is still -- the u.s. doesn't have any alternative to the products exported from japan. american consumers will suffer. the ones who consume japanese products. we gave a detailed story about it to president trump. as far as trade is concerned, one should not only pay attention to the trading something which is that i told president trump many times. we should think not only about the commodities of these we have, but of course
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97 billion u.s. dollars, which .s not as big as what china has we experience quite a deficit in japan and expect -- also investing, we trade a lot of jobs, 69 billion u.s. dollars was the surplus. companies produce automobiles in the territory of the united states and export them. that is 75.5 billion u.s. dollars worth. the kind of revenue the japanese companies generate for the united states. it is really with -- worth noting this.
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i believe it is necessary for pay a systemic attention to act within the wto rules, which is something we speak about, as well as call on our american partners. the tpp, the agreement is concerned according to the predilection agreements and commitments. treaty,thdrew from this but it is a very significant framework which also includes the intellectual property by the environmental protections and other areas.
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therefore, such comprehensive rural continue developing fair trade. this is the kind of analysis we need to develop to get. unfortunately they withdrew from this. by now, the 11 nations have an tpp.ment and assigned the we would very much like to --old in other countries so possibly united states will change its mind. the rest of the newspapers over the past couple of days. this conference of building the
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--nomy trust respect to the downing of the malaysian aircraft. when you asked about this yesterday, you said you did not have an explanation. i wonder now with the explanation is. to cross into the ukraine? what happened to the chain of command on this issue? it yesterday. unfortunately, we are not privy to a full-fledged investigation. that's why we don't have the reasons to accept such investigation. the arguments that we proposed enough for them to be taken into
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account in this investigation are not being accepted by the committee. tragedy, like it was mentioned yesterday, we should think about the loved ones and the families of those who died because of this terrible catastrophe. we will certainly always remember it. fact that the ukraine did not perform on its close thes and didn't airspace over the territory where hostility was going on, nobody remembers this. versions, but nobody is taking these into account. there is no comprehensive investigation. it was difficult for us to accept the conclusions of the investigating team.
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eventsere other tragic once they shut down the russian aircraft, which was flying russia. it didn't admit that they were behind it. they didn't pay any consultation. there were a lot of negative practices. we would like to fully participate in the investigation. >> are you saying this was not a russian missile? >> it was not. several versions, including the ukrainian army warplanes involved did there is nothing that would be accepted by us, in terms of the final conclusion without as being involved in the investigation.
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>> you have many disagreements. i wondered whether your approach toward dealing with him is something you will continue? you have come here to make your case. what is your view about the best way for russia to rebuild its ties with the west? >> it has already been mentioned. one should take very moderate with respect to what you brought up. president hollande is completely correct. we should remember the victims of this tragedy. members, in belgium.
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an independent investigation has been set forth. it is very important to organize. mr. proven mentioned we need to cooperate with the justice to understand what kind of results were arrived at and in what way. what is important is significant within the temporary contacts. we need to maintain a continuous dialogue. workso need good footfall in the collective securities, as far as the middle east is concerned. yesterday, we advanced quite well. prevails andement try to further work negotiating about it. we also undertook humanitarian issues. we have agreed upon the way the mechanism between herself should where the -- should further work.
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the workgroup was initiated several months ago with the number of security council members. in the u k, u.s., germany, some others. we agreed to set up a coordination mechanism to be able to work within their single agenda. we worked to put together a common roadmap in order to ensure a good future for syria to ensure a peaceful sovereignty inclusive,h would be in terms of what has taken place in the country. furthermore, we should build our resume as this is ratherng that i would say depends on the market ability to resolve the ukrainian crisis.
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accord, the novelty format within which we are going to act. going to continue a strategic dialogue on the matters of security, cyberspace, and economics. that is what we have been busy with figuring out. we're looking for very specific action. we have signed about 50 agreements in economics. we also agreed to work together in order to develop and put together a single chart within which we will be able to resolve different disputes. exchangeeen able to some humorous words, certainly. there is an understanding between russia and the european union which we get more precisely. which is always in pursuing an
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independent policy which has a very strong, which has a very clear policy. i suppose they can act in an optimal way to build and think more about this architecture. in military way, in terms of security and the economic way, in terms of cyberspace, to build certain lines of force and certain commonality. the common language. i would insist that that would be very important and very useful for stability in europe and good for our peoples. >> i think that one should because cautious about any possible expection. they used to be a lawyer on the part of the european union.
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when you are expending without reforming, that doesn't cover very effectively. the european should be more unified, more democratic, and should understand. i believe there is a centralized union which there's -- shares of certain roles. europes also another which is in other regions, which is not part of the centralized nucleus. sense, i often think about the place in the consulate does the space of law and valleys which identify countries is a broader europe. this is quite feasible. i believe certain work needs to be put in place. reform is necessary. on top of that, i believe it is
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important for us to enjoy very deep common projects for the future years to come. that really depends upon the two of you, if you allow me to expose this joke. there are certain points in makes one makear certain decisions. i don't think we are doomed to that, but we carry a lot of responsibility of the point in time when we can't talk about it. russia is your goal for and the west? where do you want to see russia and the west, despite these misunderstandings? where do you want to take russia ? do you want st. petersburg, this place seen as a symbol of the western capital of russia, can
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you imagine this being integrated into europe in the way mr. mccrone described? >> free nation has its priorities and interests. i spoke about it in my presentation. we will certainly be striving to achieve our national interest. in terms of what they are today for the foreseeable future. first and foremost, in our internal development, we need to provide for the growth of labor security in this country. we need to create terms and conditions to attract investors. investments, it would be impossible to resolve another problem. it would be impossible to help our economy. of growth of investment in capital last year.
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was 1.1%,ic growth which was a good indicator. that is not enough. toorder for us to be able attract capital from friendly companies and nations we need to maintain good relations with europe, the rest of the world, the u.s., we are well aware of this. if we are to be forced into twice, should we exist as a sovereign state, or certain restrictions should be imposed. we will go for the first option. these substances upon the scales, i'm concerned about an are on the sort. we're trying to achieve the kind of investments so as to bring
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back or establish the new rules of the games in the area of security and the international policy with the help of the currently existing institutions. we want tounds, resolve the following matter, to diversify russia's economy, it has gone to work on artificial intellect and technology development. andxpressed some concern the loss of employment. these kinds of phobias do exist and people fear this. there is a danger of this. of workplaces globally will be automated. only 10% have already been automated. there is a lot of room for the
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russian economy and global economy. i want to achieve the most important objective. raise the quality of our life. we want to reduce the number of people before the poverty -- below the poverty line. the biggest performance indicated lifespan should increase after seven or eight by 2034 it toand be 80 plus. amongst other conditions, favorable external conditions are necessary. we are going to do everything we can to achieve it without forgetting. that is also the point of our national interest. at the same time, we cannot andifice our sovereignty our fundamental interests. i hope this equilibrium will be found.
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>> can ask you one final question? who will win the world cup? >> the organizers will win who will organize this excellent activity for the whole of the international community, for all of those who love this excellent international game. that is what we see is our ultimate objective. team, thethe winning strongest shall win. i would like this to be a real celebration for all those who love this sport, for those who will do everything to feel like home. [applause] retail politics still works
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in russia. i would like to thank our panelists very much. i would like to thank the audience, particularly for waiting period you had to wait a long time before we came on stage. i would like to thank christine lagarde, and like to thank prime minister shinzo abe. presidentclinton, and mccrone. -- macron. >> on my part and on behalf of my colleagues, i would like to --ress to my monitor moderator. i believe it was done in a professional way. you turned this discussion into a lively and interesting discussion. thank you very much. journaln's washington
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live every day with news and policy issues that impact you. coming up saturday morning, marketwatch reporter julian berman joins us to discuss the cost and value of college education as student debt rises. higher education talks about the top issues facing higher education in the u.s. and changes to policy under education secretary betsy devos. be sure to watch c-span's washington journal, live at 7:00 eastern sunday morning. -- saturday morning. join the discussion. weekncement speeches next in prime time. monday at 8:00 p.m. eastern, oprah winfrey representative steve scalise, rivals and saying, and attorney joe conscience, tuesday at 9:00 p.m. . me too movement founder tarana burke, clarence thomas, starbucks coo, and nikki haley.
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bono is an activist and .ront man of rock and u2 he received the first ever george w. bush medal for distinguished leadership for his humanitarian cut. he joins the former president and former white house chief of staff josh pulled in for a conversation. this is just over one hour. condoleezza rice: thank you very much. 2002, march of

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