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

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.”

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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