“Successful Foreign Policy Will Affect The Cost Of Everything”: Jaishankar On Importance Of Foreign Policy

The external affairs minister spoke on the significance of strong foreign policy that impacts the day-to-day life

Written by Shruti Chaturvedi July 4, 2023

Foreign Minister S Jaishankar

On Monday, Union External Affairs Minister S Jaishankar discussed the importance of a strong foreign policy to control the cost of goods used in daily life. He claimed that a successful foreign policy will affect the cost of everything from the next iPhone to petrol.

Speaking at the National Institute of Technology (NIT), Delhi, Jaishankar said, “Without a good foreign policy, the petrol price would be much higher, the cooking oil price would be too, and the price of your next iPhone will be higher too.”

#WATCH | External Affairs Minister Dr S Jaishankar says, “Russia’s main economic partner was the Western countries, after the Ukraine conflict that way was closed. Russia is turning towards Asia…Our trade before the Ukraine conflict was around 12-14 billion dollars, our trade… pic.twitter.com/rFHGR4lDQx

— ANI (@ANI) July 3, 2023

He spoke on how globalisation has destroyed boundaries and advised people to be mindful of what is going on around them.

“Globalisation has broken down the boundaries between inside and outside and you should understand what is happening around you,” he said.

He further discussed Russia’s changing stance in economic relations with Asia post-Ukraine war. “Russia’s main economic partner was the Western countries. After the Ukraine conflict, that way was closed. Russia is now turning more and more towards Asia. Our trade before the Ukraine conflict was about 12-14 billion dollars, our trade last year was 40 billion dollars,” he added.

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