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20260914 150000 UTC
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[00:00:03] When you are born on Iranian soil, something is born with
[00:00:07] of you, the belief that a
[00:00:08] of homeland is not merely a place to live, but sometimes a place you
[00:00:12] must be willing to die for. The roots of this belief can be found
[00:00:15] even in the
[00:00:16] of legends of Iran, and perhaps no legend expresses it more powerfully
[00:00:20] of than in the story of Arash. After the war between Iran
[00:00:24] of and Turan, it is decided that Iran's new frontier will be
[00:00:27] determined by the flight of a single arrow. Arash stands at
[00:00:31] top Mount Damavand. He puts all his strength, all his
[00:00:35] of life into the arrow and releases it. Arash dies, but the
[00:00:38] arrow flies on. Where did it land? To find the answer, we
[00:00:42] must leave legend behind and enter history. 3:30
[00:00:46] BC. Alexander had crushed nearly every major power in his
[00:00:50] path and was advancing toward Presepolus. At the Persian
[00:00:54] gate, Ario Barzanis stood with around 700 warriors
[00:00:58] against an army of more than 1000. They knew that if they
[00:01:01] resisted, they would die, but they chose an honorable death over
[00:01:05] life under domination. They stopped Alexander's first assault
[00:01:09] and forced him to retreat, and for the generations that followed, they
[00:01:13] left behind a
[00:01:14] of legacy. Resistance means knowing that you may lose your life,
[00:01:18] yet refusing to let an enemy cross your land without paying a
[00:01:21] price. Two centuries later, this time Rome came from the
[00:01:25] west. In 53 BC, Crasses invaded Parthian
[00:01:28] territory with a vast army, facing
[00:01:31] of him stood young commander, Sirena, with his mounted archers and
[00:01:35] a thousand camels carrying an endless supply of arrows, Sirena
[00:01:39] filled the skies with a storm of arrows. The Roman army suffered
[00:01:43] one
[00:01:43] of the
[00:01:44] in most devastating defeats in its history, but for Iranians,
[00:01:47] land is not the only frontier. The sea is a
[00:01:51] of frontier too. At the beginning
[00:01:52] of the 16th century, the Portuguese seized Hormus, a
[00:01:56] small island at the entrance to the Persian Gulf, whose control... met
[00:02:00] command over one
[00:02:01] of the most important trade roots between east and west. They built
[00:02:05] fortresses, they brought cannons, and they remained for more than a
[00:02:08] century. In
[00:02:10] of 1622, Iranian forces under the command of Imam Koli
[00:02:14] Khan, reached Hormus. After a hard fought siege,
[00:02:17] Portuguese power in Hormus was broken and the island was
[00:02:21] retaken, but the Persian Gulf never
[00:02:24] disappeared from the
[00:02:28] of in ambitions of colonial powers. In 1915, British force. occupied Boucher
[00:02:31] against an army backed by warships, artillery, and the power of
[00:02:35] one
[00:02:35] of the world's greatest empires, the people of southern Iran stood with
[00:02:39] simple rifles. Their resistance was led by a man named
[00:02:43] Rais Ali Delvari. During the months of occupation, he
[00:02:47] organized the resistance
[00:02:48] of the people of Tangistan. For Rais Ali, the question was
[00:02:52] never how many soldiers stood on either side. The principle was
[00:02:56] simple: Iranian soil is not negotiable, even if
[00:03:00] defending it costs your life. Rais Ali was eventually martered
[00:03:04] in that struggle. September 3rd, the anniversary of his
[00:03:07] of marterdom is commemorated in Iran as the national day of struggle
[00:03:11] against British colonialism, but the resistance did not end with his
[00:03:15] death. Years later, British forces
[00:03:18] of finally in left
[00:03:19] of Bucher, yet the ambitions of
[00:03:20] in foreign powers toward Iran did not end
[00:03:23] there. Because Iran also had
[00:03:27] oil. For
[00:03:28] of decades, much of Iran's oil industry. remained under the influence of a British
[00:03:32] company, until 1951, Mohammed Mosadeg
[00:03:36] of stood against threats, political pressure and
[00:03:38] of economic pressure and declared,
[00:03:41] of Iran's oil must belong to Iran. The oil industry was
[00:03:44] nationalized, two years later, a coup backed directly by the
[00:03:48] United States and Britain overthrew his
[00:03:51] of government. Mosadeg was removed from power and spent the remaining years
[00:03:54] of his life in imprisonment and house arrest, but one demand
[00:03:58] could no longer be erased. Iran's wealth must remain in
[00:04:02] Iranian hands, land, water,
[00:04:06] oil, but now the issue is no longer only land,
[00:04:10] water, or oil, it is something greater than all
[00:04:13] of them, independence. The question of who has the right to decide
[00:04:17] Iran's future. In June, 2025, the United
[00:04:20] States directly attacked Iran's nuclear facilities, and since
[00:04:24] February 2026, Iran has been engaged in direct
[00:04:28] military confrontation. the United States and Israel. For
[00:04:32] months, military and economic pressure has continued, but
[00:04:35] Iran has never been willing to trade its independence for temporary
[00:04:39] peace. Bows, arrows and horses have given way to
[00:04:42] launchers, missiles, tanks,
[00:04:46] drones and fighter jets, but the
[00:04:50] blood of Arash still runs through Iranian veins.
[00:04:54] And now, let us return to the same question. Where did Arasha's arrow
[00:04:58] land? The... flew more than a thousand
[00:05:01] a kilometers all the way to the banks
[00:05:03] of the Axis River. Arash lost his
[00:05:06] life, but he did not allow the enemy to decide
[00:05:09] Iran's fate. And that legacy
[00:05:13] passed from one generation to the next. An
[00:05:16] Iranian may give his life for his homeland and independence, but he
[00:05:20] will never surrender their fate
[00:05:22] to foreign
[00:05:23] power.
[00:06:00] Hello and welcome to this special edition of break summit coverage, I'm
[00:06:04] killed Tehran: the 18th break summit takes place in
[00:06:07] September 12 to 13 in New Delhi, this a special episode is a
[00:06:11] joined show where we bring... together distinguished guests from Iran and India
[00:06:15] to share their perspectives on this landmark gathering, together with
[00:06:19] my colleague Diksa Bisla from Weon TV in New Delhi, we will
[00:06:22] co-present you the special panel discussion today. For
[00:06:26] Tehran, this year summit comes a particularly important
[00:06:30] moment when the global economy faces various headwinds and growing
[00:06:34] pressure on the international order. What do we expect from this
[00:06:38] year's summit? We are pleased to be joined in our Tehran studio with Ahmed
[00:06:42] Soleh. global economy analyst and banking advisor, we will
[00:06:46] also be joined with Paul Cochraine, independent journalist whose work
[00:06:50] has appeared in the middle east eye and
[00:06:52] routers.
[00:06:58] now let's hand over to Weon and welcome my colleague from New
[00:07:02] Delhi, Diksha Bisla, over to you. Thanks Kirash, I'm Diksa
[00:07:05] Bisla from New Delhi, and yeah, sure indeed, under India's chairmanship, the
[00:07:09] summit is centered on resilience, innovation. cooperation and
[00:07:13] sustainability and just like you said a time when the global
[00:07:17] economy is facing growing uncertainties and challenges
[00:07:21] so okay rash what does Iran expect from bricks 2026? let me
[00:07:24] hand it over to you and here what the panel guests in Tehran have to
[00:07:28] say. now thanks to our colleagues from Weon and New
[00:07:31] Delhi and now let's get into our discussion. I'm now
[00:07:35] joined by Ahmed Sulihi, a global economy analyst and
[00:07:39] a banking advisor. thank you so much Mr. Salhi for joining me. on this
[00:07:43] edition of our program, my first question to you is to what
[00:07:47] extent does Iran use bricks as a strategy to reduce the
[00:07:51] US influence uh be it's economic and
[00:07:54] geopolitical uh when it comes to the international global
[00:07:57] economy. You see, after 2008 where the
[00:08:01] Americans and Federal Reserve printed a great deal of money out of thin
[00:08:05] air 1.25 trillion dollars to solve the problems in the
[00:08:09] global uh crisis.
[00:08:12] the Chinese took the final decision that they do not have any chance to
[00:08:16] win the global trade and economy on the
[00:08:20] same platforms of Briton boots era, so they decided
[00:08:24] to establish bricks in 2009, the first head of a state summit
[00:08:28] was take place was taken place at that time, for ound
[00:08:32] the whole scenario started from 2011 when there
[00:08:36] was an embargo on the oil sector and the central bank of
[00:08:39] Iran, at that time the trade was going, the ships were trans
[00:08:44] were were transferring the oil to South Korea to India, other
[00:08:47] countries, so Iran was forced to
[00:08:50] use alternative ways
[00:08:53] for banking
[00:08:56] transactions, because the all was going to soul was going
[00:09:00] to New Delhi and there was an embargo on the central bank of
[00:09:04] Iran, so Iran was not benefiting
[00:09:07] the uh swift and dollar system,
[00:09:11] so iron decided to to import as the
[00:09:15] bter form some goods and material from South Korea
[00:09:18] and from India, this was the first attempt by
[00:09:22] Iran, not as a choice, but as an impulsion and as
[00:09:25] must for the country, because
[00:09:27] there was an embargo. after that some other
[00:09:30] important incidents took place in the world, for example the Ukraine
[00:09:34] war, the Ukraine war transf
[00:09:38] transformed everything transformationally, why?
[00:09:41] because "china was trying for four decades to become an
[00:09:45] alliance, to go an alliance with europe and to change
[00:09:49] europe, europe as the main exporting destinations of
[00:09:53] Chinese goods and material, but what happened in the eastern European, the Ukraine
[00:09:57] war actually filed the
[00:10:00] whole thing for the Europeans, they are not going to
[00:10:03] be an alliance an alliance with Chinese anymore,
[00:10:07] so the scenario cape or or
[00:10:11] got more more speed. Iran was joining to breaks after
[00:10:15] that time and also some other countries like Saudi Arabia
[00:10:18] or Indonesia like the other countries United Arab Ermits
[00:10:22] and others - "and it was at that
[00:10:26] time that Russia was also sanctioned, this is the
[00:10:30] second member to the new club the sanction
[00:10:32] countries. Let me give you some direct quotations from Donald
[00:10:36] Trump in in September 2024, the New York Economic
[00:10:40] Club, when he was asked about the sanctions about Iran and
[00:10:44] Russia, he said that, I'm a user of sanctions, I know sanctions better than
[00:10:48] any other politician in United States, but you have to put the sanctions
[00:10:52] and take them off as quickly as possible." because if you
[00:10:55] don't do that uh, there will be some questions about
[00:10:59] the role the dollar as the world currency, this these are
[00:11:03] direct quotations from Donald Trump and he said
[00:11:05] that it will kill our
[00:11:09] dollar and everything that the dollar represents, these are very
[00:11:13] important sentences and he said that losing the
[00:11:16] dollar is equivalent for United States to losing a war
[00:11:20] and it it makes us a third world country, a third
[00:11:24] world country. country and China is out there to replace its
[00:11:28] uan uh with our dollar in these sanction
[00:11:32] countries, so what happened for Iran is that after the Ukraine
[00:11:35] war and when Russia was joining was joined to the club the
[00:11:39] sanction countries, there was an establishment for
[00:11:43] corresponding agreements, the formal banking relations
[00:11:46] between Russian to Russian biggest banks and some
[00:11:50] Iranian banks, it was maybe
[00:11:54] I can't we can say after 80 years the bertonwoods and
[00:11:58] the swift global system, it was the first attempts
[00:12:02] totally alternative to the swift system, and now Iran
[00:12:06] is doing trade with russia a formal
[00:12:09] way with corresponding agreements between the banks, but at the
[00:12:13] same time from 2008, 2011 when the sanction
[00:12:17] was in place, as I said with India, with South Korea
[00:12:21] and with China, Iran also started to do... some
[00:12:25] way of barter, it means that the goods and material are are being exported from
[00:12:29] iran to these countries, and instead, since Iran is
[00:12:33] not benefiting the swift global system, Iran has to
[00:12:37] import some materials and goods and materials from these countries, so
[00:12:41] this is the foundation of dedollarization in
[00:12:45] the world, so when other countries were watching this
[00:12:48] scenario or what is taking place a
[00:12:51] prototype scale, not in laboratory.
[00:12:55] not in theoretical, not in universities, but in place for a for a
[00:12:59] country with more than 100 billion dollars of annual
[00:13:03] trade, and after after 13 years we are
[00:13:06] seeing that on the point of dedollarization, I'm going to come back to you,
[00:13:10] Mr., for now, let's take a look at this simple
[00:13:14] question that we are going to be asking, why does
[00:13:18] bricks worry the United States, that's for three different
[00:13:22] reasons, bricks is trying to reduce dependence on the doll. like
[00:13:25] indoor national currencies. b) is bricks could make
[00:13:29] us sanctions less effective. this is particularly important for Iran and
[00:13:33] Russia.
[00:13:34] and the last one is most important, bricks represents a broader
[00:13:38] challenge to a US centered world order advocating for a
[00:13:41] more multipolar international system. and that brings me to the second
[00:13:45] question that you were actually getting into: dedollarization, could
[00:13:49] Iran's energy resources give its
[00:13:53] significant leverage when? comes to break's efforts to reduce
[00:13:56] dependence on the dollar? if you want to count the
[00:14:00] pillars the dollar hegemony, the dollar
[00:14:03] empire, i can count four these pillars, the
[00:14:06] first one is the trade of oil, which
[00:14:10] is the dominant amount of trade in the
[00:14:14] world, the second is the reserves the central banks, the third one
[00:14:18] is the wto and international trade organization, and the
[00:14:21] fourth one is the IMF world bank which
[00:14:25] are the regulators and they try to regulate and giving
[00:14:29] loans and etc. in the form of your dollar. so petrol dollar
[00:14:33] which was presented first in 1973 is
[00:14:37] now playing a significant role and
[00:14:39] since uh
[00:14:41] china's a strategy in independence
[00:14:45] of food and it's a strategy
[00:14:48] in independence of energy without being
[00:14:51] dependent on the allied countries with united states. an important
[00:14:55] issue for the Chinese, so they have been importing the oil from
[00:14:59] Iran from the day one, the sanctions on the central bank
[00:15:02] and the export of oil of oil
[00:15:05] of Iran were implemented, so the point is that in in the
[00:15:09] last 13 years over a trillion dollars of
[00:15:12] transactions, mainly oil have been done between Iran and
[00:15:16] China, and again this was monitored by
[00:15:19] other countries, so after China
[00:15:23] introduced BRI. builton road initiatives because this is similar
[00:15:27] plan to marshall plan, but uh 30 times
[00:15:31] bigger if if even the equivalent value of dollar,
[00:15:34] yeah it is, it is still 30. times bigger than the marshall
[00:15:38] plan, so China is implementing projects in more than
[00:15:42] 200, in more than 120 countries throughout the world in
[00:15:46] Chinese Yuan, so they are, if it is in the form of investment
[00:15:50] or if it is in the form of finance, these countries have to pay back
[00:15:54] the money to China in four or five years in the form of
[00:15:57] Yuan, so suddenly we saw that Saudi Arabia as one the
[00:16:01] biggest export of oil, came to the stage and said, okay, I'm going to
[00:16:05] export oil to China. with the help of
[00:16:09] UN, so this was the second move in the oil
[00:16:12] trade arena in the world, and now Rose
[00:16:16] Neft in Russia, other countries, other companies are selling and receiving
[00:16:20] oil without using the dollar, and if this
[00:16:23] pillar of dollar is damage, which is under significant
[00:16:27] impact, there would be big questions on
[00:16:31] dollar, that is my third and final question to you, Mr. Sal, more
[00:16:35] countries as it seems, and as you just... it or adopting trade
[00:16:39] policies to line up with each other and and the global south
[00:16:43] in particular to reduce the US influence and
[00:16:46] interference. the question that I have is will increase trade
[00:16:50] among these members lead to less and less trade with the US
[00:16:54] and more trade with countries like China. Definitely
[00:16:57] yes. 40 years ago United States was
[00:17:01] exporting 25 to 30% of manuf manufacturing
[00:17:04] products globally, but now it is. it's decreased to
[00:17:08] 15%, instead China is increased from 15% to 25 to
[00:17:12] 30% of manufacturing products in the world, as Joseph said
[00:17:16] also the prosperity of Europe was on two main
[00:17:20] factors, first the cheap energy from Russia, and
[00:17:24] second the industrial industrial demand from
[00:17:27] China, which none them exist now, because these
[00:17:31] two countries are are significantly exchanging energy and
[00:17:34] industrial equipments with each other and
[00:17:37] China um has played a significant role because
[00:17:41] it has the currency swap agreement with more than 60 countries in the world
[00:17:45] and in 2023 in the form of foreign
[00:17:48] transactions uh the share of dollar was less than the
[00:17:52] share of Chinese total transactions in other
[00:17:56] currencies rather than dollar in 2023,
[00:18:00] so it doesn't mean that dollar is going to crash or something like
[00:18:03] that
[00:18:04] in in in near future, but we can definitely say: even in the
[00:18:08] mainstream media like BBC, the are documentaries that
[00:18:11] says in in the next 10 years something
[00:18:13] like that, the role of dollar will be significantly
[00:18:17] lower and with it will not be the hegemonic currency
[00:18:21] anymore, taking into account that in 2013 there was a
[00:18:25] publication by national intelligence council, it was it is
[00:18:28] a well-known think tank in united states a
[00:18:32] 170 pages
[00:18:35] publication with t with the
[00:18:38] title of global global trend 2030, it
[00:18:42] says that how the world would look like in 2030, one the mega
[00:18:45] trend is that there will not be any hegemonic power and
[00:18:49] power will shift to networks and collations a multipolar
[00:18:53] world, and without that breaks is one the samples these
[00:18:56] coalitions and networks. ahmad, global economy analyst and
[00:19:00] banking advisor, thank you so much for your time, thank
[00:19:02] you for
[00:19:04] having.
[00:19:30] As the presidency nation of this year's brick summit, I wonder
[00:19:34] how India understands the role of bricks in emerging
[00:19:38] international order. Now let's turn to Weon's studio and get the
[00:19:42] perspectives from the guests in New Delhi.
[00:19:45] Thanks Kirash. I think our guests here must have profound insights to share and
[00:19:49] let's get to the discussion here in New
[00:19:51] Delhi.
[00:20:22] Joining me in the view on studio are two crucial voices from India who will help us
[00:20:26] understand what to expect from the upcoming 18th break summit which gets
[00:20:29] underway this september from 12 to 13th right here in New
[00:20:33] Delhi. First up, I have with me Ambassador Vivekru, former Indian
[00:20:37] amba ambassador to Afghanistan, Myanmar and Thailand as well as the
[00:20:40] former secretary for the Ministry of External Affairs. Ambassador Kaju, thank you so
[00:20:44] much for making time for us. Thank you very much for inviting me. We
[00:20:48] also have with us Dr. Tara karta, former director of national security council
[00:20:52] secretariat and former senior fellow at the US Institute of
[00:20:56] Peace. Dr. Karta is always a pleasure to have you with us. Thank you. Thank
[00:20:59] you. Now before we talk about the emerging world order,
[00:21:03] it's also important to acknowledge that the world order that we new the existing
[00:21:07] world order, it is under immense train and this new architecture is just not
[00:21:11] yet crystallized yet. So in this era of uncertainty, what would you say
[00:21:15] ambassador Kajo would you constitute as a success at this year's brick
[00:21:18] summit? that there is moment of deep,
[00:21:22] there is moment of deep difficulty and there are these two
[00:21:26] wars waging in the first requirement is to end
[00:21:30] this these wars and there it's
[00:21:34] also moment of great contention and
[00:21:37] for bricks it is time to reconcile these
[00:21:41] contentions. dr. karta, we understand that the forgable that
[00:21:44] India is using toum define the theme of this year's brick
[00:21:48] summit, it is building on resilience, innovation, cooperation and
[00:21:52] sustainability. now we understand that the vocabulary seems to focus
[00:21:56] on areas which are relatively broad, but also deliberately non
[00:22:00] ideological here. yeah, do you think that would also allow the member states to
[00:22:04] find you ways to compartmentalize their disagreements or rather to
[00:22:08] prevent disagreements in one theater from you know affecting their views
[00:22:12] in from agreeing on the other aspects that will be discussed at breaks this
[00:22:16] time? i think that's a very good point. yeah, i think
[00:22:19] it it all everyone, nobody can disagree on this that you need
[00:22:23] you know resilience, you need innovation, all the rest of it, that's not someone anyone can say, no we
[00:22:26] should not, so that works, also see the whole theme
[00:22:30] which the India is trying to push is that this is people centering, it
[00:22:34] should matter to the people, right now if you ask the average person
[00:22:38] on the street what is bricks, nobody has any idea, you have to change
[00:22:42] that, you have to bring that effect that bricks mattered that it made
[00:22:46] this change which is going to make your life better across all
[00:22:50] these countries and i think that is where we are working from and
[00:22:53] i really strongly believe in that because as you said in the
[00:22:57] world order it's a complete collapse the value
[00:23:01] system, there is morality, there's no rules, there's no
[00:23:04] values, so somehow to bring that back is to bring back
[00:23:08] people's belief in the system. absolutely, well said dr.
[00:23:12] karta, and we understand that india's position within bricks is also pretty
[00:23:15] unique because we are non-western in our orientation but also not anti.
[00:23:20] west and India has made it clear time and again, but there
[00:23:24] is also this perception about bricks that it is uh, it
[00:23:28] is there to challenge the western hegemony or it is anti-west in certain
[00:23:31] aspects, how do you think India is going to walk this tight trope? i think
[00:23:35] India is never looked upon bricks and its
[00:23:38] participation in bricks as being
[00:23:41] anti-waste, it is always considered
[00:23:45] itself to be part of a grouping, and if you go
[00:23:49] back to... "the origins of bricks, it was a
[00:23:53] time when these countries were called emerging
[00:23:56] economies, now of course the scene has changed
[00:24:00] entirely, but it has not changed for
[00:24:03] India in as much as
[00:24:06] it is, that India is directing
[00:24:09] itself a manner as to
[00:24:12] challenge the existing,
[00:24:16] the existing great powers the world and the..." "the
[00:24:20] most substantial power in the world today still remains the United
[00:24:24] States, so its message has always been that all
[00:24:27] segments the world and all segments
[00:24:31] of great powers must cooperate and
[00:24:35] that is, I think the essential and
[00:24:39] underlying theme that India will try to push at
[00:24:42] this summit, right ambassador Kajo, but when
[00:24:46] Brexit started, of course is when brexit started?" " of course that was
[00:24:50] the defining principle, but now as we have an expanded grouping, we have
[00:24:54] multiple member states which have conflicting threat perceptions, but also
[00:24:58] conflicting interests which are playing out. do you think this expansion is also
[00:25:02] perhaps come at the cost of coherence here, which we also saw play out in the
[00:25:06] may foreign ministers meeting where we were not able to reach a consensus on the
[00:25:09] declaration about then? i think you're right on
[00:25:13] that, mean the expansion, in fact i think a lot of it was
[00:25:17] against India's advice that we should remain a... first build up
[00:25:21] the basic bricks, but having said
[00:25:24] that, you have to expand or become irrelevant,
[00:25:28] you can't just remain,
[00:25:29] you know these four countries, but the problem is not so much the expansion
[00:25:33] as the fact that there are countries within who are fighting each other, that
[00:25:36] is a problem and that is as you know where the thing lies, on being
[00:25:40] anti-western i i really don't see where this is coming from, i think it's
[00:25:44] an overdone threat perception from the west, because
[00:25:48] mean consider that china's biggest trading partners the US and these are the biggest
[00:25:52] economies, our largest trading partner is either, it's
[00:25:56] sort of between china and and and the US so that doesn't even
[00:26:00] arise and I think a state... table bricks
[00:26:03] economy is beneficial
[00:26:05] to the west because we are the markets. Dr. K,
[00:26:09] we've just come out the SEO summit in Bishkek and there is major overlap when we
[00:26:13] look at the member states which are there, we have India, we have Russia, of course Iran
[00:26:17] and China are also going to be in New Delhi a few days time, do you think that
[00:26:21] Bishkek also gave us a preview the kind of consensus that we can have at
[00:26:25] Bricks, but also the point of divergence that can drop up?
[00:26:28] I think those diversions are unfortunately going to be inevitable.
[00:26:32] I mean there are entirely different perceptions on what Iran is doing,
[00:26:36] obviously the UAE etc. in Russia,
[00:26:39] Russia, and if you look at the voting patterns for instance at the UN,
[00:26:43] Russia and China vote differently and we the rest of
[00:26:47] bricks actually quite votes either abstens or votes differently, so there is a
[00:26:51] problem there, but I think the the overall thrust of
[00:26:55] bricks at least as far as India's concerned and we saw it in Sco is
[00:26:59] that this war should end, all both Ukraine. as well
[00:27:03] as Iran, but we did also say significantly that
[00:27:06] we would like to open new trade, not new trade roots, but
[00:27:10] broden the trade basket, so if that is going to happen,
[00:27:14] I think our trade was about 17 billion, now it's about
[00:27:18] one billion, so it's a huge drop, and that's not good for
[00:27:22] us, basmati exports for instance, it was mainly to Iran, all that is
[00:27:26] not good for us, so we really want this war to
[00:27:29] stop, and Iran is I think recently said that well. come Indian
[00:27:33] mediation, I don't think we are going to go that far, if you do great, I
[00:27:37] mean, but at the moment no, but this war has to end, in
[00:27:41] that case bricks actually becomes
[00:27:45] an organization to contend with. I hear you, Dr. Karta, and
[00:27:48] now ambassador Kaju, we understand that the west Asia conflict, it is going to
[00:27:52] crop up big time at the brick summit as well, and now we have Iran, Saudi
[00:27:56] Arabia and UAE, they will all be sitting at the same table, and given
[00:28:00] what we saw happen in May. the bricks foreign ministers
[00:28:03] meeting, we couldn't reach a consensus, we've discussed that, but now
[00:28:07] um, what can India realistically get the members to agree upon, that would you
[00:28:11] lead the conversation, lead the dialogue ahead? i think
[00:28:15] the basic thrust should be an agreement that
[00:28:19] peace is essential for the region and the world and
[00:28:23] that this war must end, now the difficulty is
[00:28:27] that the two the
[00:28:30] billigerants not going to be there in the
[00:28:33] room,
[00:28:36] yes, Saudi Arabia and the
[00:28:39] UAE and Iran have different perceptions about this
[00:28:43] war, and it will be a test for Indian
[00:28:46] diplomacy to try to reconcile their
[00:28:50] interests and if it succeeds it will be a great
[00:28:53] success. also understand that if you can't leverage
[00:28:57] that against the current geopolitical climate or against and can have some
[00:29:00] actionable change, it just that a statistic now Dr.
[00:29:04] Karta, how do you reckon that economic and demographic heft that we
[00:29:08] have here with the grouping, it can convert into actual geopolitical influence at
[00:29:12] this particular time? see, if you
[00:29:16] look at the actual data on the ground, bricks intra bricks trade is
[00:29:19] grown, there's no doubt about that, but the main driver is
[00:29:22] China, the second driver is India,
[00:29:26] now you bring that lower even further and you look at the actual ability
[00:29:30] to trade with China is it. pretty difficult, there are non tariff
[00:29:34] barriers, there are well say selective application
[00:29:38] of rules, all that goes on, so Indian traders, at least, I don't about the
[00:29:41] others, find it difficult to export to China, so you have to
[00:29:45] follow in that case the brick spirit, which is
[00:29:49] to open up trade, when you open up trade, then you have
[00:29:52] heft, because there is no way any of us can compete with
[00:29:56] China, they are the biggest par, so I honestly,
[00:30:00] I would think it would be a country. as big and as with
[00:30:04] so many decades of civilization should understand this that
[00:30:07] it pays to open up for trade and if you do that then
[00:30:11] it will start getting somewhere right now
[00:30:13] it is it's a bit one way and
[00:30:16] you know some someone like say for example south africa they are they
[00:30:20] have huge amount of exports to China and that they have actually
[00:30:24] export surplus which is great for them but for us
[00:30:27] it's the other way around there's a huge deficit so we need to work on
[00:30:31] that I think.
[00:30:32] I think it's not only the quantum of trade, it's also the nature of
[00:30:36] trade. China is a manufacturing
[00:30:40] country, it has to realize that it can't
[00:30:43] remain the only major manufacturing
[00:30:47] country in bricks. Other countries to.