00:00I think this is the second term of President Trump. So the changes in global
00:06trade is already happening and we've enjoyed, my generation, three decades or
00:13three to four decades of the wonders of globalization. I think it lifted
00:19millions and millions and hundreds of millions of out of poverty. Now I think
00:24the narrative is completely different and it's not only this term but the
00:27previous term and even many of the tariffs that President Trump put in his
00:33first term was not revoked by President Biden. So the reality of the matter, this
00:38is a new world that is governed by nationalist agendas. We're back to
00:45borders, we're back to tariffs, we're back to, you know, it's my interest vis-a-vis
00:51the rest of the world. And I think the globalization as we've enjoyed that in
00:59the three plus decades prior to that, in my view, is over. It's a chapter that we
01:04need to open a new chapter. The chapter, in my view, would be the bilaterals by
01:09economic powers getting together and finding striking deals. I hope that we
01:15can do this under the provisions of the WTO still because there is no other
01:20platform that can govern all of this but the WTO's guidelines.
01:25And that's what we're trying to do in Egypt. So out of all of this, what we're
01:30trying to do is to focus on our economy, on our trade competitiveness.
Comments