 So now We'll move to the the final segment of the program, which is our keynote presentations and Following that we will we will move on to lunch. So I Am delighted actually Folks, thank you Okay. All right. Thanks So I am delighted to welcome to the podium John Podesta Who is so well known that I don't even think I need to tell you his title But since I'm told that that's what I'm supposed to do. He is chair of the Center for American Progress former chief of staff, of course to President Clinton and a good friend of CSIS John, please come to the podium Well, good morning I'd like to begin by thanking the China US exchange foundation and CSIS for bringing us all together today for this Important discussion on what I think of as the most important bilateral economic relationship in the world today And I think that was well displayed in the panels that that preceded My my speaking here with you this morning the efforts undertaken by the China United States exchange foundation and Particularly by its chairman C.H. Tong and by its vice chairman Victor feng Along with the scholar on the executive committee have produced a Comprehensive report that will I think add to our understanding of the US-China economic relationship and provide both governments With an important set of recommendations I think most importantly that important set of recommendations for deepening the relationship For the last four years the Center for American Progress and China US exchange foundation have co-hosted a US-China track-to dialogue and we continue to host these dialogues on an annual basis. I've camped to have the highest regard for C.H. Tong's tires tireless efforts to bring our two nations closer together He is always looking ahead to Participate emergency Emerging challenges in the US-China relations and to figure out what he can do to make those challenges more manageable This economic project is one of many initiatives that he has sponsored in recent years And I have no doubt that his efforts are having and will continue to have a significant and positive impact on Chinese-American Relations, it's important I think for all of us to follow his example to keep looking forward to identify new and emerging Challenges in the US-China relationship and to do our part to help navigate these issues That's why we're all gathered here today and we have so many friends in the room The economic report presented here this morning takes an in-depth look at the many synergies in the US-China Economic relations as well as the conflicts that need resolution There is much merit in the reports findings and recommendations as the report notes our two nations want the same things We both want to develop and maintain The type of sustainable economic growth that will give all citizens the opportunity to build a more prosper prosperous life As the report also notes the best way to achieve that goal is to combine forces through bilateral Economic cooperation the United States and China can unlock new opportunities that neither country could achieve alone Working together we can make the citizens in both nations better off to do that We're gonna have to build a stronger bilateral relationship issue by issue sector by sector We'll need to identify specific steps that both nations can take to address our current barriers This report outlines many of those steps However, the US-China economic relationship is large and it's quite complex So no report can capture these issues completely for example I think the report may underestimate and I've said that to our friends the co-authors the Impact that China's ascendance has had on job growth here in the United States in certain sectors in certain locations It's important to recognize that changes in the global Economic order create not only winners, but also losers I strongly believe that China's economic rise has been and and can continue to be a positive force for the United States as a whole Our two nations are economic partners at the macro level For example as Victor Fung alluded to in the last panel post 2008 Coordination at the macro level at the G20 meetings in London Pittsburgh and in through bilateral channels And beyond was critical in keeping the great recession from sliding into a great depression But at the enterprise level of course our businesses are very often competitors From the US perspective the stakes of that competition are only getting higher as China climbs up the technology ladder We welcome Chinese competition when the playing field is level and the rules of the game are fair But that's not always been the case when you look at the various economic disputes between our two nations Most of our disagreements are really about fairness our leaders in Washington and Beijing all want to make sure that The companies and workers they represent have a fair chance at success But our two nations sometimes have different ideas about what that fairness entails It's important to recognize that some of the barriers I think in US China economic relations are based on real concrete differences between our two nations for example US China bilateral investment treated that's been discussed this morning is proving difficult to negotiate because our economies are built on different Market and regulatory principles. I certainly do not think these differences are insurmountable, but we shouldn't underestimate them either To really get around our differences both nations will have to make some adjustments Both nations will have to take an honest look at our current economic conflicts identify problems where that where we can and should address Those problems as we move forward with real prop policy change I think one of the values of this report is that it tries to at least identify Those challenges and provide some constructive ideas on how to move forward One issue of course that causes great concern on the Chinese side is US market access Particularly for Chinese direct investment in the United States. There's a perception in China I think that the US is biased against Chinese firms while I understand where that perception comes from I think it's misplaced. I think there are great opportunities for Chinese firms to directly Invest in this nation to build American infrastructure to create American jobs and generate steady and handsome returns I think as again as was also noted in the earlier panel There's also the ability for Chinese firms to invest here and learn best practices and take those home to the Tremendous and growing middle-class market in China The problem on our side is that the US does not yet in my view have a coherent coherent national policy on inward FDI That's something that the US government I think needs to really work on Two issues that cause great concern on the American side our IPR Protection and cybersecurity and we hope that Beijing will do more to work to address those problems as the report recommends Many US companies are becoming more and more I think reluctant to share their best innovations with China because they fear their Technology secrets will not be protected those fears make it difficult for our two nations to collaborate on high-end technology Innovation in important sectors like clean energy Now more than ever. I think it's critical for our two nations to take concrete action to address these issues Our ability to collaborate on the economic front has huge implications that extend far beyond the business realm on Clean energy and climate change the rest of the world is really depending on us to create the energy Technologies of the future and to slow the pace of global warming the fate of the world literally, I think depends on our ability to work more closely together and to make that transition from Dirty or forms of fossil fuels to the to a clean energy base in the future We've already made some great progress collaborating to develop and deploy new energy solutions But more progress is clearly needed particularly on next generation Technologies and that's going to require addressing some of these complex issues like IPR protection on the Chinese side and Relaxing technology export restrictions on the US side of course the need for leadership from both the US and China to protect the global commons and Goes beyond the issue of climate change The goal of ending extreme poverty and creating the building blocks of sustained prosperity including developing new patterns of sustainable global production and Consumption will require really a global partnership, but it will require a leadership in particular from the US and China People in both nations and around the world will be looking to Washington and Beijing to see what our leaders can do to move that ball forward Next month President Obama and President Xi will meet in California their first meeting of this new leadership Term this is a critical meeting and I hope and trust that some of the recommendations In the CUSCF report will find their way to the agenda For the appropriately named Sunnylands Summit The ambassador just returned from there In July of course Secretary Kennedy Secretary Kerry and Secretary Liu and their Chinese counterparts will meet at the annual security and economic dialogue and Preparations for that meeting are already underway In April the United States and China formed a special working group on climate change And that working group is already moving to come up with new ideas for clean energy Cooperation which they will present at the SNED meeting Our nations are working hard to find common ground And that makes me very optimistic that the very positive future that Minister Ma outlined can come to fruition That's also an important opportunity Again to discuss the very thorny issue of cybersecurity in the both the Chinese and the US side are preparing for that as well Another thing that of course makes me optimistic about the future of the US China relations is the quality of the Of the people working to steer this relationship on both sides We face big challenges, but we have great people at the helm our people are our greatest assets after all Ambassador Sui Tiancha Kai is one of those great bilateral assets And I could not I could not be more pleased to see him serving at China's top diplomat in the United States Early in his in his career Ambassador Sui came to the United States for postgraduate studies at Johns Hopkins University He took the time to study in the United States from the inside to gain a deeper Personal understanding of US foreign policy perspectives I think that experience has served him well and will concern continue to serve him well in his in his new post and Ambassador Sui is often frank about the challenges our two nations are facing But he's also optimistic about our ability to work together and overcome those challenges Anybody who spent a hundred hours in a room with Kurt Campbell knows that there are challenges But they can't be overcome and we can make productive movement forward I believe that approach bodes well for his tenure here in Washington in his previous assignments Particularly and most recently as vice minister of foreign affairs the ambassador was a critical interlocutor with his US government counterparts And with Americans seeking to deepen the understanding and strengthen the relationship between the US and China I always deeply a value deeply valued the ability and the opportunity to exchange views with the ambassador when I was in Beijing And I hope to do so more frequently now that he's based here in Washington, DC All of us at the center are expecting great things from here in the years to come We're very happy to welcome him to Washington where we are thrilled to have him here today. We're looking forward Both to working with you but also to hearing from you So we can deepen the positive cooperation between our two nations and to build mutual trust Ambassador the floor is yours. Thank you Well, thank you very much. Mr. Podesta for your very warm introduction and for your comprehensive summary of the discussions today I'm so honored and pleased to be invited by the CSIS and the China US exchange foundation To join all of you here today and contribute to our discussions And I'm particularly grateful to mr. CH tone Thank you for all the guidance and assistance you have given me over the years You and your foundation have done exemplary work to promote mutual understanding between our two great peoples and your vision of the future of Relationship and your commitment to it is always a source of strength and confidence for all of us. Thank you very much So and indeed I came back earlier in the morning from sunny land, California It was a beautiful place It's been announced that President Xi Jinping and the president Obama will have their first face-to-face meeting In about two weeks time in sunny land, California and this is indeed a special meeting a meeting of special significance Because this will be the first face-to-face meeting between the two presidents Since we have the Leadership change in China and since President Obama started his second term this meeting has special significance Because the two leaders Will be accompanied by a few of their key aides Will it be engaged in in-depth exchange of their views on the strategic aspects of our relationship And this is certainly different from a normal state visit Because for state visit we have to spend so much time and energy on the formalities on the protocol But this is not the case for this meeting and this meeting has special significance Because it may not have a long list of what we call deliverables But it will enable us enable our cooperation to deliver much more in the future So in many ways, this is quite unprecedented We are confident that this meeting will be a first step or the beginning of More meetings like this in the future between our two heads of state and between our two governments It will certainly help us to enhance mutual understanding and mutual confidence And this mutual understanding and mutual confidence Will lay a very good basis For our efforts to build a new type of relationship between our two great nations Our two presidents have determined that China and the United States should work together To build up a new type of relationship between two great nations So this has attracted attention From all over the world. This is indeed a New efforts by both our nations to try to open up a new path in international relations But I think we are not starting from scratch We already have a very good foundation in the last three or four decades. We have learned how to focus on strategic interest While managing our differences in a practical way and in the last few decades we have learned how to expand our common ground when the global economic and political structure shifts and new situations have to be dealt with and Also in the last few decades we have learned How to broaden our cooperation Into so many fields so that This cooperation will be based on a much stronger Foundation and get more broad based support from our two peoples Indeed if we look at The development of our relations in the last three or four decades we could see We are already making tremendous progress We could take a lot of credit for peace and prosperity in Asia Pacific in the last three or four decades It's really amazing. Think about it. We still have some flash points in Asia Pacific like the Korean Peninsula Afghanistan and elsewhere, but Generally speaking we've been able to maintain peace and stability in the region and Asia Pacific is now economically the most dynamic a dynamic region in the world. I Think our two countries could and should take a lot of credit from this and now we are working together to respond to so many issues from environment to climate change From counter-terrorism to non-proliferation from trade to finance and So many other areas So I'm quite confident that this new type of relationship is Not just an empty concept. It is quite real. It is already there taking shape what we should do is to Build upon this very good foundation and move forward to give it more substance to give it new meanings and to make new progress and The building of this relationship is first of all for the benefit of our two peoples For the Chinese people to fulfill our China dream for the American people to fulfill your American dream And for our two people People's together to fulfill our common dream for peace and prosperity And the building of this new relationship is also our shared responsibility to the global community Especially when we are witnessing fundamental changes in the world in today's world we can see that a number of developing countries are growing fast Playing an important role in world affairs There's a term emerging market economies But I think some of them are not just emerging for China. We are re-emerging We were on the world stage many many centuries ago. So we are just re-emerging or revitalizing but in any case These big developing countries are developing quite fast and are contributing more to global economic growth and playing Ever great role in global politics and security matters So how will the existing world order? Take this new pose of power in how will the developed economies the established powers interact with these emerging or re-emerging powers So if our two countries The biggest developing country and the biggest developed country could really set up such a new type of a relationship Could really work together on so many issues then we will set a very good example for the entire world Then we might be Opening up a new era in international relations that is the rising or the developing countries Will be new partners for the already developed ones and we can really Join forces in the common search for solutions to so many new problems So I think that this is a shared responsibility for our two countries and Also, the building of this new relationship is our shared responsibility to the world economy This is quite obvious. We are the two biggest economies in the world and The prospects of the global economy are not so bright yet So if we can work together if we can make best use of our complementarity Then we will certainly Give people more confidence For the global economic prospects We'll certainly be better able to address The consequences of international financial crisis We'll certainly be better able to improve global economic governance and Indeed maybe for the first time in human history We will have a real global market So I think it's really upon our two nations to take up this Great responsibility and work together and move forward and show real progress to our people For the building up of this new type of relationship and economical relations have always been a Major pillar in our bilateral relations and it should be a major pillar and play an even greater role In the building up of this new type of relationship. I think the study sponsored by the China US exchange foundation Has made the right point. We should work towards deeper engagement for mutual benefit This is a goal that we should Try to achieve. This is direction that we should be going Of course, mr. Pudas that just give a very good summary of the discussion and the issues in front before us There are always issues maybe there are always disputes since we have growing interdependence economically between our two countries There are no surprise that we should have some disputes some disagreements or some new issues to address But I think we should still keep our focus on growing common interests and interdependence and to identify new areas of cooperation To identify new areas of convergence of interests There are so many of them clean energy protection of the environment climate change infrastructure building and so on so forth and As at the same time, we should work together to Make new efforts to improve the global economic governance It's not perfect. We have to reform it. We have to make it work better And as for the disputes are possible disagreement. I think we should work together on these issues against the background of our growing common interests and interdependence we should Not politicize the economic issues too much or we should never politicize the economic issues Because that will only make things more difficult to resolve and that will only make our economic corporations More difficult. So in this context, I would like to offer Two small pieces of advice to both sides To my fellow Chinese, especially to a Chinese business I would suggest that we should learn from our American friends a strong sense of crisis all the time Because you are always aware of possible risks and challenges Some of the challenges are real. Some of them could be imagined, but you are always Concerned about any possible risk challenge or even crisis So that motivates you to keep moving forward To keep opening up new areas of innovation and production and enhancing your competitiveness This is something we really have to learn from you and for our American friends Especially maybe the US government. I would suggest that perhaps you could have some time to read The speeches Mr. Deng Xiaoping made at the beginning of a China's reform and opening up He underscored the importance of being open of welcoming foreign direct investment He underscored the values of more competition and maybe this is a time for American government and business to read his teachings and Find some inspiration from it So my advice is very simple. Don't worry be open. Thank you very much Well, we've all given him a lot of kudos, but now it's my Chance to welcome ch tongue back to the podium to give some concluding remarks But again, I think I want to join all the people I think in the room for thanking you ch for the leadership and Victor for your leadership and trying to put this impressive group of scholars together to really try to Track and and and and look at where the Complementary complementarity is and how we move forward. So ch you want to give us some our final charge Thank you John. Thank you ambassador Trey Thank you for your wonderful both of you for your for your very interesting and in fact inspirational talk to us It's been a rewarding 18 months working together With my colleagues in Hong Kong in Beijing in the United States to eventually produce this particular report and My good friend Matt Said many times there were many lost Nights it was no sleep. It went on for days and days and days and eventually we turn out this report and It is a good effort it is not perfect it is a good effort and It is the really the DD DD With tremendous spirit that the team who were involved to produce this wonderful report and in the process we had two groups of steering committee members one in China the other in the United States and because of the Time differences and so on that was another reason why there were many sleepless nights On the telephone working these things through We hope this report will help the two countries To not just try to look at the present and there are many issues we need to resolve But more importantly to see where the future is how important the relationship is how much economic opportunities can be developed if we really deeply engage Ourselves and how many jobs can be created and what better future can bring because with closer economic Cooperation The relationship will continue to improve. It's very natural the relationship will continue to improve which is in fact the purpose I Think if people people very often ask me why is this relationship so important? I Will say this that if the 20th century is a century that's It's about the ideological differences. It's about fight for ideology which way we should go The 21st century is about something entirely different it's about securing energy security getting energy security sufficiency of food protection of our environment Climate change nuclear weapon perforation fighting terrorism preventing epidemics or drug trafficking All these and really other transnational challenges that the world faces today and never In the history of nations Have we faced so many common challenges all together or happening together and for that It is important that the United States and China come together because I Remember President Obama reportedly having said to Mr. Wang Chisholm at the beginning of one of these SED meetings that America alone he find it difficult to To try to take care of all these challenges The two countries together May not solve all the problems, but if the two countries are not together No problems can be solved So certainly in that spirit China understands that China is looking at this similar fashion We need to come together and work together and this is why this From a global perspective this relationship is so important today my friends at the forum this morning give you a dose of why The relationship is also important from an economic point of view. Yes, there are challenges We need to resolve the differences. We have the impediments We face to try to make the economic relationship go forward even better But the fact is that nevertheless it is important relationship. We need to treasure. We need to nurture We need to go forward with I do not want to repeat a lot on some of these areas of Of the economic front how we can we can Work together except just to mention a few which which which I think are really important and at the risk of repeating myself Just to say these few areas, you know China and US are the two largest Producers of energy and consumers of energy and we are the largest greenhouse gas emissaries in the world and and We just need to work together to to make To make this world a better place. We need to work together on science and technology So that we can have better efficient More efficient energy use. We can reduce greenhouse gas and we can work together on electric cars or renewable energy Carbon sequestration on so many things that needs to be done So that our planet will be a safer place for us all it is not about a It's not just about environmental Environmentalists going overboard. It's about real issues Peter Silligman was saying reminding me yesterday, you know, we live honest on this earth Which is is already being being challenged by By all these environmental problems and then we are faced with with the emerging nations emerging markets developing the economy very very fast Which demands more oil? more gas more energy more food and Then our population is growing from seven billion to ten billion people In the next few decades and how do we solve all these problems and we need to be working together If we don't work together. We're not going to solve any of these problems and certainly I You know, I travel across the Pacific a lot I meet a lot of people and I'm really heartened that increasingly they are There are people in both countries saying let's get on with this. Let's get on with this and I particularly want to say that at the end of secretary Kerry's visit to Beijing last month a Joint declaration calling for specific action in this area has been issued and Working group especially is now Organized under the strategic economic dialogue to to get this process going as Sense of urgency is there and it's wonderful. They these things are happening The other thing I thought I will mention is that I think few people recognize this that China and United States are the two largest producers of food in the world We're also the two largest consumer of food in the world Okay, and food sufficiency in the longer term is a huge issue it is particularly challenging issue for China because we have only seven percent of arable land and also our Our country is really changing When we first started the reform opening we had 80 percent of people living in rural areas It's not about 50 percent of people living rural areas and this will continue to decline There will be more more people living in urban areas and it's interesting to know when you're living urban areas The food consumption goes up a lot because you live in a village The family you look after you tilt your own land, you know, you keep your own few chickens to help yourself And it's a very different world out there So where we are consuming more chicken more pig more cow more meat More more food generally and these are the real challenges and in America my American friends tell me hey Come to the Midwest, okay, there's a lot of land a lot of clean water a lot of sunny skies and You can get all these things in this country and and these these are the complementarity issues and also These are long-term food issues that really needs to be addressed It's not just about working through one crisis from the other somehow, you know the China Prohibited imports of chicken in retaliation of something America did here and there about something else and and all sorts of things, you know, which Bits and pieces which we were trying to play with but the most important things looking at the longer term How we can work together to ensure supply steady supply on the one hand for America to ensure Economic opportunities jobs you solve a big problem for China, but at the same time helping America At the same time and these are I think are the real issues we need to be to be confronting with and and real good long-term issues and The other thing I want to mention I think it's enough of you talked about the middle class and so on so forth So I won't go into it anymore except to say China's economy is Changing from just not not just a world factory. It's a becoming a world market World market which will help Which will help economic activities within China But also all around the world and that I think is happening and the final point I want to make is that I've noticed that the president Obama has talked about building up new infrastructure in this country or Maintaining the existing infrastructure and I also noticed a study undertaken by the new American Foundation Which talk about having to spend in five years 1.2 billion dollars? But itself can create five million jobs every year Going forward now you as is wonderful place you You can raise you can raise the needed finance Practically at zero cost. That's what you are doing. So You know 1.2 trillion dollars. Yes, you need to be raised. You can do that but to the extent China can Can come in and get a better return on the investment, you know, we will be very happy To do this but but you know, but these are the areas we can work together if there's a need To do so I mentioned all these areas of commonalities and only because that It is really huge opportunity for both countries For China to benefit from for the United States to benefit from So, you know, it's not just a from a global perspective Where the relationship is important but from an economic perspective? bilaterally You can see that why the relationship is so important 40 years 42 years ago Since 42 years ago eight presidents of the United States from President Nixon All the way up to today's president Obama and five generation of Chinese leaders have With enormous foresight enormous foresight worked hard to build The relationship between the two countries despite ups and downs The relationship has been moving forward It's it's just incredible. It's moving forward But what is the relationship going to be in the future the fact is more and more people in Both countries are beginning to understand how important this relationship has become for the two countries. I Feel this I started doing this in 2005. It's not seven years down the road. I Come to United States five six times a year. I feel this I know this is happening. Okay But we need to understand that there are there are difficulties in the relationship Relationships constrained by mistrust strategic differences and also by difficulties and differences in Commerce and Other areas and so far, you know, we have been able just about to manage these issues manage these areas sometimes on Day-to-day basis other times issue-to-issue basis somehow we have managed it But What do we have to do to build trust? What do we have to do building trust? I think at the people-to-people level we need to deeper understanding of each other's history of each other's culture at the government-to-government level we need to really in my view I think I I stay in touch with lots of friends on both sides of the Pacific We really need to have better understanding greater understanding of each other's Policy directions and Policy intent as well as each other's national interest Both domestically and Internationally and it's very interesting. I raised one or two issues You know, North Korea You know if you think about North Korea for China for United States of America what is China's interest China want to see a Euclid free Korean Peninsula China want to see Peace prevail on the Korean Peninsula What is the American interest United States want to see a nuclear free Korean Peninsula United States want to see a peaceful Korean Peninsula actually the strategic intent is the same It's just how to get about this thing Where where where there's real differences? Now neither neither neither of the two countries have succeeded very well so far in what we're trying to achieve But at least our strategic intent is the same So what we need to do is to find a common approach to make this thing work So far it hasn't happened yet, but but once you have the similar intent The opportunity of working together is much bigger. And this is what I meant by saying Let's try to understand each other's strategic intent. What's it all about? How do we work then we can We can work together and there's another issue which I was speaking earlier on privately I was listening to my expense talking about he was talking about that 85 percent of Developing nations any percent of the population of the world living with the developing nations and that Where's Mike was it? He just went out I was going to just going to ask him 85 percent in the emerging markets and Today for the first time the emerging market Economy is the size of the developed nations similar size and he was making the point this morning that You know in the next couple of decades This size of economy of the emerging make market may double or triple and You think about this and I was thinking about it from an environmental point of view Energy security food sufficiency point of because there's a lot of development in the For the 85 percent of the world population. So that's one aspect of it. The other aspect of it is that You know as these economy develops the whole world would benefit from it the question comes in How do you deal with the world trade issue? How do you deal with the world trade issue because the Developing nations we want to say a the old ways of dealing with the world trade issue You know that will suit us We want a better cut of this thing you know and the developed nation may say I know but This this way has worked in the past It will continue to work in the future and and that they're like the doha around why it didn't work They did the emerging markets and develop nations. We can't come together the truth of the matter is this What we have to remember the cake is growing bigger The cake is growing bigger and it gives us the opportunity to find a better way to share the cake We can always stuck In a stalemate and not making any progress So we have no progress on the doha around or we recognize the size of the cake and let's see how we can divide it better So that both developing nations and developed nations have a way forward. In other words, it's not just about We've done it this way in the past. We're going to do it that way And it's not about well this time is ours because we are the one providing the growth No, it's got to be good for everybody in the world and that's the way we should be moving forward and that's the way we need to to be solving many of the new problems that may be emergent and and Mr. Prisansky was earlier on saying that we need to in the multilateral world We need to find another way of moving forward because there are many changes that's happening. I raised these issues because the relationship of the United States and China is really so so important. We have so much mistrust and And and we need to overcome them by understanding better the issues It's not Your way or my way or no way It's about finding a common way of going forward which is good for the whole world. That's what we need to be doing. That's what United States and China needs to be doing together President Obama and President Xi I'm just delighted that they are meeting in sunny, California and This is a wonderful thing. I think to happen at this very crucial time the two presidents actually called for a Partnership Relationship and also for the building of a new power relationship between the two countries I think that both presidents understand how how important this relationship is But I just want to say that in the longer term as we move towards building this relationship institutional arrangement is Also very essential, but we get there. It's going to take time But we'll get there It's going to take a lot of wisdom a lot of courage a lot of determination a lot of new thinking of the political elite But that's not enough also of the people of the two countries It will take time, but I think we will get there what this study does is that if The study we roll out today highlight it highlights the Potential of our economic partnership if fulfilled it can help to create common prosperity for both of our two countries and Also for the common good of this world But most importantly if we succeed it can give the two people Can give the people of our two nations the time and opportunity to improve mutual understanding to improve mutual trust and ultimately to build a Lasting peace and to build prosperity So lots of work ahead of us. Thank you very much for listening to me. Thank you Thank you very much C. H. Thank you ambassador to sway. Thank you John Podesta for very thoughtful and inspiring remarks That ends the formal program. There is now lunch For the people here at these three tables. You can stay where you are everyone else There is lunch in the back. At least I hope there is I can't see from here. Yes. I think there is thank you all for coming today and We will have This up on our website very soon So while we are delighted you came and thank you to our online audience as well Good afternoon