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These are the user uploaded subtitles that are being translated: 1 00:00:00,934 --> 00:00:01,601 So good evening. 2 00:00:01,601 --> 00:00:02,869 Thank you for having us. 3 00:00:02,869 --> 00:00:07,407 The first question for you tonight is what are the objectives 4 00:00:07,407 --> 00:00:11,745 of the foreign trade chamber at a global level? 5 00:00:11,845 --> 00:00:15,915 The objectives of the International Chamber of Commerce are very explicit. 6 00:00:16,016 --> 00:00:19,252 What we want to do is enable global trade. 7 00:00:19,352 --> 00:00:25,091 We want to advance the rule of law and respect for integrity, anti-corruption. 8 00:00:25,158 --> 00:00:28,161 We want to ensure that we have a sustainable planet. 9 00:00:28,261 --> 00:00:31,831 We want to make certain that the digital economy is available and functioning. 10 00:00:31,831 --> 00:00:33,199 That works for all. 11 00:00:33,199 --> 00:00:35,869 And we have a very strong view that a way to do that, 12 00:00:35,869 --> 00:00:39,439 a platform to do that is through effective multilateralism. 13 00:00:39,539 --> 00:00:43,943 So the combination of those five pillars is to create 14 00:00:44,010 --> 00:00:47,380 the momentum behind our purpose, which is to enable business 15 00:00:47,447 --> 00:00:50,784 worldwide to secure peace, prosperity and opportunity for. 16 00:00:50,850 --> 00:01:10,804 And our mission is to make business work for everyone every day, everywhere. 17 00:01:10,870 --> 00:01:13,406 I think it's pretty clear to me 18 00:01:13,406 --> 00:01:18,778 that the economic policies of advanced economies will always have an impact. 19 00:01:18,812 --> 00:01:22,315 And in fact, on the way in which global trade operates, 20 00:01:22,382 --> 00:01:26,986 what we want is for advanced economies to show leadership here 21 00:01:27,087 --> 00:01:31,891 by continuing to support an effective multilateral trading system 22 00:01:31,958 --> 00:01:35,595 which has real rules based that actually enables fair 23 00:01:35,595 --> 00:01:41,101 and open access for all nations, but also provides good, clear 24 00:01:41,167 --> 00:01:45,438 rules of the road to enable trade to operate, not just trade in goods, 25 00:01:45,438 --> 00:01:50,210 but trade and services, and now enable movement of data across borders as well. 26 00:01:50,310 --> 00:01:54,347 And importantly, if you make an agreement under the WTO, 27 00:01:54,347 --> 00:01:57,584 which is the curator for the multilateral trading system. 28 00:01:57,684 --> 00:01:59,385 You need to be able to enforce it. 29 00:01:59,385 --> 00:02:04,090 So you need to actually have some form of accountability process. 30 00:02:04,190 --> 00:02:08,895 So the advanced economies need to reinforce their interests. 31 00:02:08,995 --> 00:02:12,232 At the moment, a lot of the advanced economies 32 00:02:12,232 --> 00:02:15,235 have instead been looking at protectionist policies 33 00:02:15,301 --> 00:02:19,873 which have been interfering with this food declaration and global trade. 34 00:02:19,939 --> 00:02:23,743 We want them to change. 35 00:02:23,810 --> 00:02:25,645 Thank you. 36 00:02:25,645 --> 00:02:29,115 Let's go now to number three. 37 00:02:29,215 --> 00:02:31,217 What will be the results of 38 00:02:31,217 --> 00:02:34,220 international trade in 2024? 39 00:02:34,287 --> 00:02:36,289 Is it going to grow up? 40 00:02:36,289 --> 00:02:38,691 Well, our fervent hope 41 00:02:38,691 --> 00:02:41,728 is that trade you actually start to push 42 00:02:41,828 --> 00:02:45,431 for that forward upward trajectory. 43 00:02:45,532 --> 00:02:49,602 What we've seen over the last 12 months is the improvement in global trade. 44 00:02:49,669 --> 00:02:52,572 That's partly because of the war 45 00:02:52,572 --> 00:02:55,542 in Ukraine, which has 46 00:02:55,542 --> 00:02:59,746 caused inflation and is to stop trade in goods numbers. 47 00:02:59,846 --> 00:03:03,583 But what's been consistent being the increase in trade and services, 48 00:03:03,683 --> 00:03:06,486 I think we all know that trade has been 49 00:03:06,486 --> 00:03:10,390 an important victor globally for economic growth. 50 00:03:10,456 --> 00:03:13,193 We're worried we'll look at the trade 51 00:03:13,193 --> 00:03:17,130 forecast, the economic forecasts, the IMF, which sees 52 00:03:17,130 --> 00:03:21,234 economic growth moving around 3%. 53 00:03:21,301 --> 00:03:26,339 That's not strong enough to continue to support economic opportunity for all. 54 00:03:26,406 --> 00:03:29,909 What we saw previously was that a critical 55 00:03:29,909 --> 00:03:33,846 driver of economic growth was an improvement in trade figures. 56 00:03:33,913 --> 00:03:37,617 We want to trade to come back and to become one most important factors 57 00:03:37,850 --> 00:03:40,019 to push economic growth. 58 00:03:40,019 --> 00:03:40,920 So that's really important. 59 00:03:40,920 --> 00:03:43,323 It's very important for emerging economies. 60 00:03:43,323 --> 00:03:47,227 So trade needs to actually find a pathway forward, 61 00:03:47,227 --> 00:03:50,730 which is supported by a removal of barriers 62 00:03:50,730 --> 00:03:54,000 to trade, an improvement in the opportunities for countries 63 00:03:54,067 --> 00:03:57,971 to trade across and companies to trade across borders. 64 00:03:58,071 --> 00:03:59,138 Thank you very much. 65 00:03:59,138 --> 00:04:02,075 So let's go to the last one. 66 00:04:02,075 --> 00:04:06,279 Mr. Denton, You're one of the leaders of the G20. 67 00:04:06,346 --> 00:04:10,216 What are the objectives of 2020 for the year 68 00:04:10,216 --> 00:04:13,586 in which the G20 is taking place in Brazil? 69 00:04:13,653 --> 00:04:19,592 Well, it's an amazing year to have the G20 live from Latin America again. 70 00:04:19,692 --> 00:04:22,595 I was here when Argentina left the G20. 71 00:04:22,595 --> 00:04:25,331 Now we have Brazil leading the G20. 72 00:04:25,331 --> 00:04:29,202 And I think the interesting thing is the leadership of Brazil's G20 73 00:04:29,269 --> 00:04:32,272 is that there's a level of ambition which we haven't seen for some time 74 00:04:32,272 --> 00:04:33,539 with the G20. 75 00:04:33,539 --> 00:04:35,408 So we're very supportive of that. 76 00:04:35,408 --> 00:04:40,013 And in fact, I was in Brazil and Rio would be at the launch of the G20 77 00:04:40,113 --> 00:04:44,350 and then I was in Brasilia to discuss the G20 with the government officials. 78 00:04:44,350 --> 00:04:45,285 And what I said to them 79 00:04:45,285 --> 00:04:49,922 is that the three key objectives they have, which is to eradicate 80 00:04:49,922 --> 00:04:54,761 global hunger effectively by having an alliance against famine, 81 00:04:54,827 --> 00:04:58,831 move faster on climate oriented policies, 82 00:04:58,898 --> 00:05:02,635 by the action plan, on having a 1.5 target 83 00:05:02,702 --> 00:05:05,705 and actually working to ensure effective multilateralism. 84 00:05:05,738 --> 00:05:09,175 These are all objectives for sure, but what we really want 85 00:05:09,242 --> 00:05:12,045 really is an opportunity here for Brazil 86 00:05:12,045 --> 00:05:16,816 is to not have a rhetorical echo, but to have specific deliverables 87 00:05:16,816 --> 00:05:19,819 that will make a difference to people on a global basis. 88 00:05:19,952 --> 00:05:22,889 What are we going to do to remove global hunger? 89 00:05:22,889 --> 00:05:25,591 Well, we can make certain that there's access to food. 90 00:05:25,591 --> 00:05:29,195 So why don't we get the Russians to agree to continue 91 00:05:29,262 --> 00:05:33,032 to maintain the Black Sea agreement that allows grain 92 00:05:33,099 --> 00:05:36,769 and sunflower to flow out of Ukraine so that we can ensure 93 00:05:36,769 --> 00:05:41,374 there's plenty of food available for developing the emerging economies? 94 00:05:41,441 --> 00:05:45,311 On sustainability, what are we going to do on sustainable, which is practical? 95 00:05:45,411 --> 00:05:48,848 Can we actually move forward on real outcomes? 96 00:05:48,915 --> 00:05:51,751 We're seeing the business community moving very fast, 97 00:05:51,751 --> 00:05:54,721 much faster than governments need governments to catch up. 98 00:05:54,921 --> 00:05:58,257 I don't think multilateralism, but we also have to look at the way 99 00:05:58,257 --> 00:05:59,926 the multilateral world operates. 100 00:05:59,926 --> 00:06:06,032 Look at things like the way in which macro prudential guidance and rulings 101 00:06:06,099 --> 00:06:10,703 occupy space, which governs the way businesses get access to products. 102 00:06:10,770 --> 00:06:12,872 Don't we need to make certain during this year 103 00:06:12,872 --> 00:06:15,942 that they're relevant to the 21st century that we don't? 104 00:06:15,942 --> 00:06:18,911 We need to remove some of the rules that are anachronistic. 105 00:06:19,112 --> 00:06:22,081 These are the sorts of things that we're arguing should be considered. 106 00:06:22,081 --> 00:06:26,085 They fit very much with the objectives of the Brazilian B20 and G20. 107 00:06:26,185 --> 00:06:28,388 But they're actually real concrete outcomes. 108 00:06:28,388 --> 00:06:32,392 We just don't want a communique which is agreed to the lowest common denominator. 109 00:06:32,592 --> 00:06:35,061 We want to call for action to actually shift 110 00:06:35,061 --> 00:06:40,233 the trajectory of the world back to economic growth and opportunity. 111 00:06:40,299 --> 00:06:42,168 Thank you very much. 112 00:06:42,168 --> 00:06:44,137 The first one, Yeah, the first question. 113 00:06:44,137 --> 00:06:46,305 Yes, because of my cell phone. 114 00:06:46,305 --> 00:06:47,940 Yes, I see. 115 00:06:47,940 --> 00:06:48,741 Okay. 116 00:06:48,741 --> 00:06:51,411 So we're going to repeat number one. 117 00:06:51,411 --> 00:06:53,312 I'm doing positive. 118 00:06:53,312 --> 00:06:53,813 Thank you. 119 00:06:53,813 --> 00:06:56,783 Yeah. Okay, let's go. 120 00:06:56,783 --> 00:06:57,750 Let me know. 121 00:06:57,750 --> 00:07:00,586 So I'm. 122 00:07:00,586 --> 00:07:03,556 So we're repeating question number one again. 123 00:07:03,556 --> 00:07:08,961 What are the objectives of the foreign trade chamber at a global level? 124 00:07:09,061 --> 00:07:12,198 The objectives of the International Chamber of Commerce Group here. 125 00:07:12,265 --> 00:07:15,601 First of all, we have a purpose, which is to enable business 126 00:07:15,668 --> 00:07:19,238 worldwide to secure peace, prosperity and opportunity for. 127 00:07:19,305 --> 00:07:20,506 We have a mission 128 00:07:20,506 --> 00:07:24,510 which is to make business work for everyone every day, everywhere. 129 00:07:24,577 --> 00:07:28,448 And the way we do that is through five strategic approaches. 130 00:07:28,514 --> 00:07:31,517 The first is to actions to enable global trade, 131 00:07:31,751 --> 00:07:36,355 which is really part of the ICC DNA, because we genuinely believe 132 00:07:36,422 --> 00:07:39,425 that trade across borders enabling that improves 133 00:07:39,425 --> 00:07:42,862 the prospect for peace of opportunity for the second area, 134 00:07:42,862 --> 00:07:47,099 which is really important, is respect for the rule of law and integrity. 135 00:07:47,200 --> 00:07:51,504 That's really about make certain that judicial systems operate effectively 136 00:07:51,571 --> 00:07:56,642 at a free and open, but also importantly, that we fight hard against corruption. 137 00:07:56,709 --> 00:07:59,312 The third area is that we want to do business in a planet 138 00:07:59,312 --> 00:08:00,780 is actually sustainable. 139 00:08:00,780 --> 00:08:06,319 So we have a lot of hope that we focus on enabling a sustainable future. 140 00:08:06,419 --> 00:08:10,389 The next area is the most important at the moment in terms of economic opportunity, 141 00:08:10,456 --> 00:08:15,561 which is making certain that that's really key vector for the global economy, 142 00:08:15,661 --> 00:08:20,366 which is the digital economy is enabled to operate to support businesses 143 00:08:20,433 --> 00:08:24,136 and those businesses that can then support the communities and families. 144 00:08:24,237 --> 00:08:27,840 And the final one is really our experiences so that you want 145 00:08:27,840 --> 00:08:31,777 trade across borders and you want to solve the world's global problems. 146 00:08:32,011 --> 00:08:36,582 You've got to have effective multilateral systems and approaches in place. 147 00:08:36,682 --> 00:08:40,119 And so we spend a lot of time thinking through how you can create 148 00:08:40,353 --> 00:08:46,092 an effective multilateral system for the 21st century. 149 00:08:46,192 --> 00:08:46,926 Thank you. 150 00:08:46,926 --> 00:08:48,928 So now out all of these a. 13524

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