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<v Speaker 1>Thank you for listening to Depictions Media Radio. Welcome to

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<v Speaker 1>Policy and Rights, the show about DOLCOM Policy. Thank human Rights.

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<v Speaker 1>Welcome back to Policy and right here in Depictions Media Radio,

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<v Speaker 1>I'm your host, Michael Clogs. Okay, So, of course there

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<v Speaker 1>is always an ongoing thing with Donald Trump's being more

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<v Speaker 1>hatred and ruffling feathers with his rhetoric and blame me

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<v Speaker 1>on other people when things actually go wrong. But why

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<v Speaker 1>don't we move forward with that because it won't be

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<v Speaker 1>too many more weeks more until the United States actually

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<v Speaker 1>goes to the vote in November and a final decision

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<v Speaker 1>will be made who the President of the United States

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<v Speaker 1>will actually be. So moving back to Canada, and we're

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<v Speaker 1>going to hear later on from the premiere of bcd

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<v Speaker 1>EV as he makes an announcement about housing, and we're

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<v Speaker 1>hearing a lot about housing and how well it just

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<v Speaker 1>isn't enough of it. And we heard yesterday from the

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<v Speaker 1>Parliament floor where Pierre Pouvier of course is criticizing Justin

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<v Speaker 1>Trudeau and his housing minister for how they are actually

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<v Speaker 1>mishandling the whole housing problem and of course they're not

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<v Speaker 1>building enough homes that they actually have done things to

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<v Speaker 1>mock the whole system up and given money that has

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<v Speaker 1>only managed to increase taxes. Okay, mister Bovier, You're still

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<v Speaker 1>stuck on the whole tax idea either way, that people

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<v Speaker 1>need the homes and it's it's should be a general right,

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<v Speaker 1>not anything less than a right to have a home

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<v Speaker 1>of your own, even if families decide to do what

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<v Speaker 1>what would be a generational homes sort of situation. We're

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<v Speaker 1>also going to hear today from Tonio Guerreres as.

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<v Speaker 2>How about you.

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<v Speaker 1>Makes a statement again about the Summit of the Future,

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<v Speaker 1>the program and objectives he talked talked about it yesterday

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<v Speaker 1>or a few days ago in a press conference, and

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<v Speaker 1>how he wants to see the United Nations become more inclusive.

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<v Speaker 1>So we're gonna hear a press conference about the some

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<v Speaker 1>of their future and what that some of their future

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<v Speaker 1>actually means to the world, and how the Summit of

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<v Speaker 1>the Future is going to help shape how the United

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<v Speaker 1>Nations goes. The You in General Assembly has has actually

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<v Speaker 1>started up and they are also taking on the mission

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<v Speaker 1>of making the United Nations more inclusive and wanting to

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<v Speaker 1>include more countries on the on the African continent and

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<v Speaker 1>making their voices louder so that they can get more

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<v Speaker 1>as humanitarian assistance for the issues that are completely revolved

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<v Speaker 1>around that continent up into including the equal sharing of

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<v Speaker 1>resources that are being removed, such as lithium for batteries. Uh.

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<v Speaker 1>And of course there is the issue about the blood

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<v Speaker 1>diamonds and how they're being distributed and being the money

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<v Speaker 1>being used for less than good things. While we're on

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<v Speaker 1>the topic of terrorism, the Israeli Defense Force managed to

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<v Speaker 1>make a number of pagris explode in Lebanon. They somehow

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<v Speaker 1>managed to send a signal to them they blew up.

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<v Speaker 1>Now it's causing that signal is now causing a problem

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<v Speaker 1>with a number of other devices, and there has been

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<v Speaker 1>a warning issued around Hey, if you're holding one of

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<v Speaker 1>these devices, remove the batteries before they blow up. So

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<v Speaker 1>my question is, though, when we start diving into warfare

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<v Speaker 1>that sends signals to devices like that and weaponizes a

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<v Speaker 1>communication device in such a way, aren't we still reverting

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<v Speaker 1>to terrorist tactics and ideas make people afraid to live

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<v Speaker 1>so that we can get control of what is in

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<v Speaker 1>their mind. So why don't we move forward. We're going

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<v Speaker 1>to start with the United Nations and we're going to

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<v Speaker 1>hear from you and Under Secretary at a press conference

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<v Speaker 1>as Guy Ryder speaks about the Summit of the Future.

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<v Speaker 3>Thanko, mind, Hey everyone, thank you for joining us today.

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<v Speaker 3>We have with us the Undersecretary and our for Policy

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<v Speaker 3>and he's also the UN lead for the Summit of

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<v Speaker 3>the Future. Mister Guy Ryder, thank you for joining us.

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<v Speaker 3>As you know, he's here to brief you on Summit

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<v Speaker 3>of the Future. I'm sure you have a lot of

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<v Speaker 3>questions on that, and he will start without some introductor

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<v Speaker 3>remarks and then we'll turn it over to you guys.

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<v Speaker 3>Please mister writer, thanks.

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<v Speaker 2>Very much, Francia, and greetings to everybody here. Thank you

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<v Speaker 2>for your interest in the Summit of the Future. Let

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<v Speaker 2>me give you a brief sort of state of play

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<v Speaker 2>on the summit and why we think it is so important.

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<v Speaker 2>You know, the summit is a matter of days away now,

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<v Speaker 2>takes place on the twenty second and the twenty third

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<v Speaker 2>of September, preceded by a day and a half of

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<v Speaker 2>action days where we're bringing stakeholders into the building to

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<v Speaker 2>discuss irrelevant issues. We're expecting in excess of one hundred

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<v Speaker 2>and thirty heads of state, heads of government to attend

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<v Speaker 2>the summit, and in the action days we have registrations

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<v Speaker 2>for in excess of seven thousand NGOs, academics, private sector representatives.

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<v Speaker 2>We think this is indicative of a very high level

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<v Speaker 2>of interest in the summit. And let me, turning to

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<v Speaker 2>the substance of the summit, say that we believe that

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<v Speaker 2>the stakes are high, that the issues on the table

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<v Speaker 2>of the Summit are of the greatest importance to not

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<v Speaker 2>just the UN system of multilateralism, but to the future

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<v Speaker 2>of our member states as well. And let me tell

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<v Speaker 2>you where we stand in the negotiating process, with a

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<v Speaker 2>reminder that the Summit will be adopting three outcome documents,

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<v Speaker 2>a Pact for the Future to which will be annexed

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<v Speaker 2>to other documents, a Global Digital Compact, and a Declaration

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<v Speaker 2>on the Future Generations. The overall objective of the summit,

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<v Speaker 2>and people ask this question quite frequently, is very simply stated.

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<v Speaker 2>The idea of the summit is to render the United

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<v Speaker 2>Nations a multilateral system, more effective in its the fulfillment

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<v Speaker 2>of its mandate, make it more participatory, more networked. This

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<v Speaker 2>in the face of the very clear global challenges that

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<v Speaker 2>we face, the fact that the world has changed and

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<v Speaker 2>is changing rapidly, and the reality that many of our

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<v Speaker 2>governance structures date back to the creation of the United

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<v Speaker 2>Nations when it had fifty one member states instead of

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<v Speaker 2>the one hundred and ninety three member states who will

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<v Speaker 2>be gathering at the summit itself. Now, substantially, what are

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<v Speaker 2>we going to find in these outcome documents? What are

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<v Speaker 2>the issues being addressed in the Pact for the Future itself,

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<v Speaker 2>the mother document, if I can call it that. There

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<v Speaker 2>are five chapters, and I'm not going to take you

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<v Speaker 2>through them in grinding detail, but simply to highlight what

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<v Speaker 2>seemed to be us some of the most important issues

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<v Speaker 2>at stake. We have a major section on sustainable development

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<v Speaker 2>and financing of sustainable development, very clear signal that part

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<v Speaker 2>of the objective of this summit is to complete and

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<v Speaker 2>to improve our business around the twenty thirty Agenda. This

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<v Speaker 2>is an accelerator for the twenty thirty Agenda for Sustainable Development,

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<v Speaker 2>with an important access on financing, which is a recurrent

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<v Speaker 2>theme I would say throughout the summit process. Secondly, we

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<v Speaker 2>have a section on Peace and Security, designed in accordance

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<v Speaker 2>with proposals presented by the Secretary General under the title

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<v Speaker 2>of a New Agenda for Peace to address the whole spectrum,

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<v Speaker 2>the whole continuum of peace. Conclusions that would address root causes,

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<v Speaker 2>place an emphasis on prevention, look at an update of

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<v Speaker 2>our peacekeeping peace building operations, but also address critically, I

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<v Speaker 2>think new and emerging conflict domains. So think of the

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<v Speaker 2>application of new technologies in lethal weapons, think of biological hazards,

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<v Speaker 2>think about the dangers of the militarization of outer space.

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<v Speaker 2>All of these are being addressed. A third chapter is

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<v Speaker 2>on science, Technology and innovation, and of course this is

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<v Speaker 2>where the annex on the Global Digital compat comes into play.

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<v Speaker 2>If I could put it in a word or a sentence,

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<v Speaker 2>the objective of the Global Digital Compact is to make

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<v Speaker 2>technology work for humanity equitably. We are aiming at closing

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<v Speaker 2>digital divides, expanding inclusion in the digital economy, creating an inclusive, open,

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<v Speaker 2>safe and secure digital space, working on equitable data governance,

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<v Speaker 2>and this has perhaps attracted more attention anything else. Creating

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<v Speaker 2>the systems of governance of artificial intelligence that will benefit humanity.

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<v Speaker 2>A fourth section is on youth and Future generations. There

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<v Speaker 2>is a very strong emphasis on youth throughout the summit.

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<v Speaker 2>And in the action days that precede it, and the

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<v Speaker 2>sections on Youth and Future Generations two quite distinct groups.

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<v Speaker 2>I would underline to you it's firstly to increase the

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<v Speaker 2>participation opportunities for youth in decision making nationally and the

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<v Speaker 2>new n system, and to address the key social economic

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<v Speaker 2>challenges facing young people. A Declaration on Future Generations is

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<v Speaker 2>intended to codify what is happening in many of our

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<v Speaker 2>member states, the need to ensure that decisions we take

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<v Speaker 2>today take into full account the needs and interests of

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<v Speaker 2>future generations. And the last chapter and it captures a

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<v Speaker 2>lot of different issues is around them transformation of global governance.

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<v Speaker 2>This is a very wide ranging area of the Pact.

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<v Speaker 2>It addresses Security Council reform and we have the potential

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<v Speaker 2>to take important steps forward on Security Council reform. It

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<v Speaker 2>addresses a revitalization of the General Assembly and ECHOSOC. Critically,

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<v Speaker 2>it contains extensive language at the current state of negotiations

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<v Speaker 2>on reform of the international financial architecture. I would say

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<v Speaker 2>one of the most important and certainly one of the

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<v Speaker 2>most contested areas of the Pact for the future and

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<v Speaker 2>goes on, for example, into the governance of outer space issues,

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<v Speaker 2>new approaches to outer space traffic, a debris and of

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<v Speaker 2>course this issue of militarization. I think you will see

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<v Speaker 2>from this that we have a very ambitious agenda. The

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<v Speaker 2>ambitions for this summit have always been high. What I

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<v Speaker 2>think is very encouraging ten days out from the summit

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<v Speaker 2>is that the negotiations which are continuing are continuing on

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<v Speaker 2>documents which meet that high level of ambition. Now the

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<v Speaker 2>negotiations are incomplete, the member states are working hard to

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<v Speaker 2>reach the necessary consensus on these documents. We need consensus

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<v Speaker 2>for adoption. But I think there is good reason to

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<v Speaker 2>be confident that the successful conclusion of these negotiations will

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<v Speaker 2>produce a pact with two nx's that will truly make

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<v Speaker 2>a difference. This is something which is not only worth having,

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<v Speaker 2>it is something that we need to secure for the future.

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<v Speaker 2>A last word, and I will conclude the action days

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<v Speaker 2>that precede the summit itself in consonants with the efforts

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<v Speaker 2>we have made from the outset to ensure the involvement

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<v Speaker 2>of multi stakeholders in this process. There was a major

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<v Speaker 2>civil society conference in Kenya in May, but our include

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<v Speaker 2>also private sector academia, the scientific community. We're bringing them

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<v Speaker 2>together for a day and a half on the Friday

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<v Speaker 2>before the summit. We will have a you quite deliberately,

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<v Speaker 2>kicking off with a youth lead session and then going

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<v Speaker 2>into a session which reflect the main themes of the summit.

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<v Speaker 2>Messages from these action days will be brought to the

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<v Speaker 2>attention of the summit as well, So we hope this

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<v Speaker 2>creates a cohesive set of events that will lead us

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<v Speaker 2>where we need to get. I will leave it there.

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<v Speaker 2>Florencian of course, very happy to try to respond to

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<v Speaker 2>your questions.

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<v Speaker 3>Okay, so I'll start by taking questions in the room

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<v Speaker 3>and for those asking online, yes, we will take questions

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<v Speaker 3>online as well. We'll start with Emilie.

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<v Speaker 4>Please, thank you very much for the briefing, Amli Boutolier

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<v Speaker 4>from hp AND News Agency. You said the stake are

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<v Speaker 4>high and the event has a big name, the Summit

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<v Speaker 4>of the Future. The document has a big name, part

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<v Speaker 4>of the future. Butbjectively reading the outcome document, even if

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<v Speaker 4>you say that it could be improved a little bit

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<v Speaker 4>in the next ten days, it's a list of commitments

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<v Speaker 4>that are commitments to things that already exist. Recommitment to

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<v Speaker 4>previous commitments, and a lot of experts, observers and diplomats

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<v Speaker 4>basically describe it as not as a visionary document. So

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<v Speaker 4>how do you expect it to make a real change.

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<v Speaker 2>Well, respectfully, I disagree, disagree with that characterization the documents,

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<v Speaker 2>and it doesn't correspond to what's on the table. It

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<v Speaker 2>isn't a simple recommitment to things that have been done

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<v Speaker 2>in the past. Look at the language on draft language.

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<v Speaker 2>Everything I say is caveatd by the fact that negotiations

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<v Speaker 2>are incomplete. The language on International Financial Architecture reform has

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<v Speaker 2>not been on the table before, just not the case.

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<v Speaker 2>The language on Security Council reform is seen by those

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<v Speaker 2>who have formulated it in the IGN process as groundbreaking,

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<v Speaker 2>as potentially the biggest step forward since the nineteen sixties.

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<v Speaker 2>The commitments around peace and security. Clearly a review will

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<v Speaker 2>be coming on our peace operations, but we are addressing

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<v Speaker 2>emerging new domains of conflict in ways which they've not

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<v Speaker 2>been addressed before. It's simply not the case. So the

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<v Speaker 2>idea that we're just going back over ground that's already

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<v Speaker 2>been covered, I just don't think stands up to examination.

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<v Speaker 2>But we have to secure these results. So I'm going

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<v Speaker 2>to repeat what I said. This is a document which retains,

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<v Speaker 2>I think a very commendable level of ambition. There were

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<v Speaker 2>things everybody would like to have, not everybody, but some

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<v Speaker 2>people would like to have more of, some people like

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<v Speaker 2>to have less of. That is a nature multilateral negotiations.

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<v Speaker 2>But I think that what we had before us is

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<v Speaker 2>something which is potentially very important if I look beyond

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<v Speaker 2>the Pact itself to the Global Compact, Artificial intelligence governance

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<v Speaker 2>has not ever been addressed in a way that's addressed

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<v Speaker 2>in the Global Digital Compact. Commitment to future generations has

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<v Speaker 2>never been addressed. This is not simply covering well trodden ground.

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<v Speaker 5>It's not the case.

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<v Speaker 6>Deji.

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<v Speaker 7>Yes, Miss Ryder. First question I ask everybody, so you're

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<v Speaker 7>the next one. Can you can you explain what I

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<v Speaker 7>think this is totally good? The question for you? Can

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<v Speaker 7>you explain what the Summit of the Future is to

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<v Speaker 7>our audience in a very interesting way because we know

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<v Speaker 7>you just explained it. But how to attract I mean

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<v Speaker 7>normal people attention to other politicians. And secondly, I disagree,

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<v Speaker 7>what respectfully with your disagreement, but well, we we saw

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<v Speaker 7>all the we saw all those agendas and actions STG

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<v Speaker 7>Acceleration Agenda, New Agenda for Peace. We heard a lot

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<v Speaker 7>of those in Reform of the Security Council. But let

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<v Speaker 7>me put that aside. If we if we have this

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<v Speaker 7>Pact of Future, how how much do we can we

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<v Speaker 7>expect the implementation of this very important document? And third,

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<v Speaker 7>this is obviously a watered down, compromised version of Pact

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<v Speaker 7>of the Future. How far away is this from secrest

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<v Speaker 7>generous imagination or I mean expectation. Thank you.

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<v Speaker 2>I always tried to say things in an interesting way,

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<v Speaker 2>not just for the people in this room, but for

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<v Speaker 2>the world in general. Look, there is always is there

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<v Speaker 2>not this thought that whatever happens in this building and

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<v Speaker 2>in multilateral negotiations, it's rather distant from people realities everyday life.

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<v Speaker 2>I mean, that's the nature of multilateral negotiations. So you

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<v Speaker 2>have to scratch beneath the surface. You have to go

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<v Speaker 2>underneath the formalities and sometimes language which is not easily accessible.

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<v Speaker 2>But if we succeed in getting agreement from one hundred

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<v Speaker 2>and ninety three member states on actions that will secure

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<v Speaker 2>governance of new technologies, that will spread benefits much more

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<v Speaker 2>widely through inclusion, through connectivity, through the governance of artificial intelligence.

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<v Speaker 2>If we're able you've heard it before, to accelerate SDGs,

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<v Speaker 2>if we're able to revamp the United Nations peace operations,

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<v Speaker 2>if we are able to initiate the changes that will

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<v Speaker 2>make the Security Council more effective. Yes, this will influence

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<v Speaker 2>people's lives when it happen the day after the pact

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<v Speaker 2>is gaveled. No, it needs and you pointed to the

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<v Speaker 2>key here, it needs implementation. It needs implementation, and I

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<v Speaker 2>think I have to recognize, looking at the content of

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<v Speaker 2>the pact, which I still want to commend to you

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<v Speaker 2>as a very positive thing, that a great deal depends

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<v Speaker 2>on what happens with the commitments that to make the implementation.

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<v Speaker 2>So I follow you entirely that everything depends on the

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<v Speaker 2>level of implementation. You've made the point Security Council reform.

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<v Speaker 2>We've heard it before. We've heard it before, but it's

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<v Speaker 2>not the questions. It's the answers. There are new answers

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<v Speaker 2>to the questions contained in this pact, and that is

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<v Speaker 2>what makes it not just worth having, but very important

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<v Speaker 2>to have. A sorry you can judge for yourself via

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<v Speaker 2>a very easy process. Last year, the Secretary General published

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<v Speaker 2>eleven policy briefs, which were his proposals to the summit.

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<v Speaker 2>This is what he ideally would have liked to see,

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<v Speaker 2>and he was very clear. He said, these are what

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<v Speaker 2>I believe are the proper ambitions we should reach for,

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<v Speaker 2>and he made those proposals in full cognizance of the

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<v Speaker 2>fact that not all of these would meet with the

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<v Speaker 2>agreement of member states. I leave it to you to

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<v Speaker 2>take those policy briefs, look at the pack for the

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<v Speaker 2>future as we hope it will be adopted in ten

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<v Speaker 2>days time, and measure the gap. They are not identical.

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<v Speaker 2>It would be futile to say that they are. But

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<v Speaker 2>what is interesting is that the contours and structure of

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<v Speaker 2>the pact follow very clearly the content of those policy briefs.

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<v Speaker 2>So the SG has set the content a gender in

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<v Speaker 2>a very very icink successful way.

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<v Speaker 3>Okay, next question, a friend then.

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<v Speaker 8>Gabriel, Thanks Larenthea, thank you, mister Rider. Could you please

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<v Speaker 8>two quick questions. You just said that there's been groundbreaking

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<v Speaker 8>language on Security Council reforms. Could you please say what

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<v Speaker 8>is groundbreaking about the new language? Last time I checked,

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<v Speaker 8>I may be completely mistaken, but the only thing that

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<v Speaker 8>came out in the document is that there will be

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<v Speaker 8>an office here at the Secretariat that deals with Security

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<v Speaker 8>Council reforms and is there something else, what is groundbreaking

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<v Speaker 8>about it? And second you said, and we know that

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<v Speaker 8>the negotiations are not over yet, could you say something

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<v Speaker 8>about what the remaining sticking points are and the hurdles

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<v Speaker 8>to the unanimity, which you say is very needed.

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<v Speaker 2>Yeah, let me take all questions in reverse order. My definition,

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<v Speaker 2>we need a consensus because that's what our modality is resolution.

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<v Speaker 2>This is not a matter at the discretion of anybody.

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<v Speaker 2>We need to have everybody on board and that is

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<v Speaker 2>of course a high bar to get over. Negotiations on

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<v Speaker 2>all three of the outcome documents are continuing. They are

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<v Speaker 2>quite intense. I think there's a strong focus on different

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<v Speaker 2>parts of the pact for the future, where I have

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<v Speaker 2>to recognize there are a significant number of issues that

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<v Speaker 2>have still to be resolved.

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<v Speaker 1>Now.

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<v Speaker 2>It would not be helpful for me to go into

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<v Speaker 2>the detailed of areas of contention because it might prejudice

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<v Speaker 2>I think the process in a way I would not

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<v Speaker 2>wish to do. But we are aware that there are

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<v Speaker 2>issues from the beginning, partly because they are so important,

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<v Speaker 2>are very difficult reform with international financial architecture is one

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<v Speaker 2>the manner in which climate and climate finance is addressed.

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<v Speaker 2>Because we're meeting on there's a contextual problem. We're meeting

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<v Speaker 2>on the eve of COP twenty nine, and we're not

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<v Speaker 2>trying to do the job of COP twenty nine, and

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<v Speaker 2>that creates a contextual complication. Some of the areas of disarmament,

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<v Speaker 2>Nuclear disarmament in particular also difficult. That's regrettably, that's not

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<v Speaker 2>an exclusive list of difficulties. But what I can say

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<v Speaker 2>is that the co facilitators on the pact, that is,

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<v Speaker 2>the governments of Germany and Namibia, are convening very tensive

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<v Speaker 2>negotiating processes as we speak. By the end of this week,

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<v Speaker 2>we hope to have another draft of the pact, and

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<v Speaker 2>the intense would be for that to meet with the

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<v Speaker 2>type of consensus that we require. Now very properly and understandably,

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<v Speaker 2>you want to know a little bit more about why

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<v Speaker 2>the language on Security Council reform is important. Now, let

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<v Speaker 2>me say groundbreaking. I think groundbreaking is a word I

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<v Speaker 2>will stick by.

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<v Speaker 5>It's not just.

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<v Speaker 2>About trading an office. It's not about that, it's not

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<v Speaker 2>even part of really of what matters. There is a

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<v Speaker 2>commitment to addressing historic injustice against Africa, improving representation of Asia, Pacific,

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<v Speaker 2>Latin America on the Council, new language. There is a

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<v Speaker 2>commitment to the enlargement of the Council to be more

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<v Speaker 2>representative of current UN membership. There is commitment to intensify

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<v Speaker 2>efforts to find an agreement on category of membership, and

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<v Speaker 2>the intention to develop a consolidated model of reform. Now

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<v Speaker 2>this might sound rather esoteric, This would be one of

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<v Speaker 2>the difficult things to explain to the person in the street,

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<v Speaker 2>but for those engaged in this type of process since

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<v Speaker 2>the nineteen sixties, and I think that the co facilitators

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<v Speaker 2>of negotiations Austria and Kuwait recognize this as groundbreaking language

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<v Speaker 2>which appears appears at this point to have the broad

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<v Speaker 2>consensus subject and confirmation of our member states. So I

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<v Speaker 2>think it is fair, it's not hyperbole. It is fair

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<v Speaker 2>to say that this is breaking new ground.

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<v Speaker 3>Okay, we'll go to Gabriel and then I'll take a

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<v Speaker 3>couple of questions online.

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<v Speaker 9>Thank you Florencia, Thank you mister Rider for briefing. It's

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<v Speaker 9>very helpful. Two questions Gabriel Alisondo from Aldisi English. Two questions,

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<v Speaker 9>one as, when the summit is over, how will you

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<v Speaker 9>judge if it was successful or not? By what parameters

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<v Speaker 9>will you use? And my second question is on AI.

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<v Speaker 9>Wanted to follow up on that. Can you just flesh

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<v Speaker 9>out a little bit more on the language related to

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<v Speaker 9>AI and specifically why the AI issue is so important

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<v Speaker 9>to be put in the agenda. Thank you.

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<v Speaker 2>Your first question, which is a good one and almost

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<v Speaker 2>impossible to answer, is I mean, how would we judge

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<v Speaker 2>if this has been important? I would say that if,

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<v Speaker 2>judging from where we stand today, the key issues that

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<v Speaker 2>I've tried to outline to you, which have been sort

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<v Speaker 2>of built into the pact process from the outset, are

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<v Speaker 2>able to be adopted in something close to the form

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<v Speaker 2>they are in now, that will be important and worth having.

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<v Speaker 2>But there is a caveat attached to all of this

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<v Speaker 2>that language has to lead to action.

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<v Speaker 1>Now.

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<v Speaker 2>It is not by accident that the Pact has been

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<v Speaker 2>framed in terms of areas of action. I would underline

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<v Speaker 2>the word action, But adopting a document is not an

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<v Speaker 2>action in itself, is a commitment to action. So the

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<v Speaker 2>success of the summit, I would say, would be difficult

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<v Speaker 2>to evaluate more than provisionally. As a gavel comes down

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<v Speaker 2>on the end of the summit, I think we ought

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<v Speaker 2>to have this conversation one year on from there to

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<v Speaker 2>see the extent to which this has influenced the behavior

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<v Speaker 2>of member states and the dynamics of the multilateral system.

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<v Speaker 10>Wi okay on Half and Squalwen, Chris Clay a Quaich

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<v Speaker 10>Nomi to Noyapen and Cii and Sequelro to Squial's deceits.

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<v Speaker 10>I'm really happy to see that you all came here today,

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<v Speaker 10>all of you, my friends and family, and Sequalia Kusham

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<v Speaker 10>and Snam. My ancestral name is Sequali Yeah, also known

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<v Speaker 10>as an Wanik, one of the Squamish nation counselors and

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<v Speaker 10>elected spokesperson for the nation. And I'm going to be

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<v Speaker 10>m seeing today and i just really want to thank

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<v Speaker 10>everyone for being here and just going to ask us

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<v Speaker 10>all to open our hearts and minds and hands quickly

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<v Speaker 10>because I'm going to say chen quin Mentomi ka ka

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<v Speaker 10>Kanic Chase the Jones and so Tonyapen mon Month Squalwen

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<v Speaker 10>to Squiles de seats, asking Creator to watch over all

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<v Speaker 10>your children that are gathered here today and help us

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<v Speaker 10>with our squalen the feelings in our hearts and minds,

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<v Speaker 10>our total being emotional, mental, physical and spiritual health and wellness,

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<v Speaker 10>and asking prayers Creator to have a yet one halt,

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<v Speaker 10>seats up and excellent work today. I'd like to know

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<v Speaker 10>and invite to the Frontier Hollas Alec Dan from Muskwiham

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<v Speaker 10>Indian Band to Spaunston Calvin, Charlie Dawson from the Squamish

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<v Speaker 10>Nation and Hannas William George Thomas from the slable Tooth

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<v Speaker 10>Nation to come join us in Frontier, and they're going

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<v Speaker 10>to open us with a song from each of the

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<v Speaker 10>three nations.

421
00:30:30.720 --> 00:31:30.200
<v Speaker 6>So msty.

422
00:31:42.599 --> 00:31:53.039
<v Speaker 5>P y.

423
00:31:59.880 --> 00:32:13.759
<v Speaker 11>H h.

424
00:32:43.119 --> 00:32:53.960
<v Speaker 5>Uh oh.

425
00:32:53.480 --> 00:33:23.640
<v Speaker 12>Oh oh a a a a.

426
00:33:31.759 --> 00:33:33.079
<v Speaker 11>A a a.

427
00:33:56.279 --> 00:34:41.519
<v Speaker 5>A oh by bye bye.

428
00:34:42.039 --> 00:35:06.039
<v Speaker 11>Oh bye bye bye.

429
00:35:07.239 --> 00:35:49.239
<v Speaker 13>Oh oh oh b b.

430
00:35:58.320 --> 00:36:10.960
<v Speaker 10>Nk wament me up kalay S Goonston Hannahs. Joining our

431
00:36:11.039 --> 00:36:19.840
<v Speaker 10>celebrations today are Yukioku Chief Wayne Sparrow from muskoem Syoking

432
00:36:21.320 --> 00:36:29.239
<v Speaker 10>Councilor Wilson Williams from the Squamish Nation, Curtis Counselor Curtis

433
00:36:30.440 --> 00:36:35.880
<v Speaker 10>Thomas from the Slaveytooth Nation, as well as Premier Eby

434
00:36:36.440 --> 00:36:42.559
<v Speaker 10>and Mayor Ken sim And I also want to acknowledge

435
00:36:43.079 --> 00:36:51.079
<v Speaker 10>today that we have many of our MST Nation members, counselors, elders.

436
00:36:52.039 --> 00:36:56.599
<v Speaker 10>I have to acknowledge my cousin Cockleton Cum from Squamish

437
00:36:56.719 --> 00:37:02.599
<v Speaker 10>Nation who and the many others who worked on this initiative.

438
00:37:02.400 --> 00:37:04.519
<v Speaker 6>Before we got to today.

439
00:37:04.719 --> 00:37:12.079
<v Speaker 10>And also want to acknowledge MST Development Corporation, the BC

440
00:37:12.920 --> 00:37:18.920
<v Speaker 10>Government employees and other leadership, other leadership from the BC

441
00:37:19.159 --> 00:37:23.159
<v Speaker 10>Government that are here and all the many people. And

442
00:37:23.360 --> 00:37:29.760
<v Speaker 10>this announcement today is a really special and historic day

443
00:37:30.320 --> 00:37:33.880
<v Speaker 10>as it is the result of, as I said, years

444
00:37:33.920 --> 00:37:37.239
<v Speaker 10>of advocacy and hard work that got us to this

445
00:37:37.400 --> 00:37:41.960
<v Speaker 10>point where we're at today. And I'd like to now

446
00:37:42.000 --> 00:37:47.159
<v Speaker 10>introduce Premier David Eby of the Government of BC to

447
00:37:47.280 --> 00:37:49.159
<v Speaker 10>share some words with us.

448
00:37:54.480 --> 00:37:56.960
<v Speaker 14>Thank you so much for the welcome to the territory

449
00:37:57.000 --> 00:38:00.719
<v Speaker 14>for the opening songs. It's great to be with everybody today.

450
00:38:00.719 --> 00:38:02.760
<v Speaker 14>We're actually going to start with a bit of a

451
00:38:02.760 --> 00:38:07.119
<v Speaker 14>gift presentation for the representatives of the Musclian, Swamish and

452
00:38:07.159 --> 00:38:10.760
<v Speaker 14>Slave are here today. I'd like to begin with a

453
00:38:10.800 --> 00:38:15.159
<v Speaker 14>gift for Chief Wayne Sparrow for the Musquam Indian Band.

454
00:38:16.079 --> 00:38:20.119
<v Speaker 14>Chief Sparrow has been absolutely instrumental and ensuring that this

455
00:38:20.920 --> 00:38:22.960
<v Speaker 14>announcement today was able to happen. Thank you for your

456
00:38:23.039 --> 00:38:27.239
<v Speaker 14>vision on this, Chief. We're honored to present you with

457
00:38:27.440 --> 00:38:30.800
<v Speaker 14>the Minister here at Coming Up, Chief. The Minister has

458
00:38:31.159 --> 00:38:33.760
<v Speaker 14>a bent wood box and it's by Joe Campbell, a

459
00:38:33.800 --> 00:38:38.039
<v Speaker 14>Co Salish artist. On the box is an image of

460
00:38:38.079 --> 00:38:42.239
<v Speaker 14>a bear, and the artist advises us that the bear

461
00:38:42.320 --> 00:38:45.679
<v Speaker 14>represents courage and strength, and that's certainly two attributes that

462
00:38:45.719 --> 00:38:47.400
<v Speaker 14>helped us get across the line here, Chief, and in

463
00:38:47.440 --> 00:38:49.199
<v Speaker 14>your leadership. So thank you very much for your work

464
00:38:49.239 --> 00:38:49.599
<v Speaker 14>on this.

465
00:38:52.800 --> 00:38:53.400
<v Speaker 1>Golf club.

466
00:38:57.559 --> 00:39:02.960
<v Speaker 14>You like golf, so that's okay. The next gift is

467
00:39:03.000 --> 00:39:08.360
<v Speaker 14>for Counselor Wilson Williams, who's representing the Squamish nation. The

468
00:39:08.400 --> 00:39:12.679
<v Speaker 14>commitment of the Squamish nation to supporting people through affordable

469
00:39:12.679 --> 00:39:15.519
<v Speaker 14>housing certainly can't be questioned, and I want to really

470
00:39:15.559 --> 00:39:20.199
<v Speaker 14>recognize the leadership of Squamish on that. Counselor Williams were

471
00:39:20.239 --> 00:39:23.400
<v Speaker 14>presenting you with a spindle and whirl which is by

472
00:39:23.440 --> 00:39:26.679
<v Speaker 14>the Co Salish artist Roger Charlie. The image on the

473
00:39:26.679 --> 00:39:30.320
<v Speaker 14>world is a wolf, which we're told represents family and togetherness,

474
00:39:30.320 --> 00:39:32.480
<v Speaker 14>which is what this project will be all about, bringing

475
00:39:32.519 --> 00:39:35.079
<v Speaker 14>community together, bringing families together. So thank you for your

476
00:39:35.119 --> 00:39:53.719
<v Speaker 14>work on this. Thank you squamsh nation. Yeah, and our

477
00:39:53.719 --> 00:39:56.800
<v Speaker 14>final gift is for slave to the First Nation, represented

478
00:39:57.159 --> 00:39:59.840
<v Speaker 14>today by Counselor Curtis Thomas and Chief Gen Thomas has

479
00:39:59.840 --> 00:40:02.559
<v Speaker 14>been very involved in this project as well. I want

480
00:40:02.559 --> 00:40:04.599
<v Speaker 14>to thank you for your steadfast support on this project,

481
00:40:04.599 --> 00:40:06.400
<v Speaker 14>your commitment to delivering housing for people.

482
00:40:06.840 --> 00:40:07.000
<v Speaker 1>Uh.

483
00:40:07.039 --> 00:40:09.480
<v Speaker 14>And the image that Roger Charlie put on this one

484
00:40:09.559 --> 00:40:13.159
<v Speaker 14>is an image of an eagle, which we're told symbolizes

485
00:40:13.199 --> 00:40:16.119
<v Speaker 14>great vision and strength and the ability to go further

486
00:40:16.199 --> 00:40:19.039
<v Speaker 14>and bridge different worlds. And I think that today's announcement

487
00:40:19.079 --> 00:40:21.280
<v Speaker 14>is really all about that, all of us working together

488
00:40:21.320 --> 00:40:24.800
<v Speaker 14>to deliver amazing and affordable housing for people in this province.

489
00:40:24.880 --> 00:40:26.760
<v Speaker 14>So thank you very much for your work on this.

490
00:40:35.679 --> 00:40:55.440
<v Speaker 15>You're speaking now utility.

491
00:40:53.880 --> 00:40:59.480
<v Speaker 14>To do their gifts after sounds good. Sequalia is just

492
00:41:00.159 --> 00:41:04.159
<v Speaker 14>coaching me through here. We'll get there. Thanks for the advice.

493
00:41:06.679 --> 00:41:10.119
<v Speaker 14>Great to see everybody here today. And I was pinching

494
00:41:10.159 --> 00:41:12.639
<v Speaker 14>myself a little bit in the car on the way here.

495
00:41:13.360 --> 00:41:16.320
<v Speaker 14>I'm so excited to be here. So much work has

496
00:41:16.360 --> 00:41:20.800
<v Speaker 14>gone into today's announcement by so many different people. City

497
00:41:20.800 --> 00:41:24.559
<v Speaker 14>of Vancouver within the provincial government, our team in the

498
00:41:24.599 --> 00:41:30.639
<v Speaker 14>public service, the First Nation's leadership and their teams, and

499
00:41:31.639 --> 00:41:36.000
<v Speaker 14>the results I think are remarkable and I'm hopeful show

500
00:41:36.079 --> 00:41:38.760
<v Speaker 14>the way forward on one of the most vexing issues

501
00:41:39.079 --> 00:41:42.880
<v Speaker 14>that people face, not just some British Columbia, but red

502
00:41:42.880 --> 00:41:46.920
<v Speaker 14>across Canada is the issue of finding a home, making

503
00:41:46.960 --> 00:41:49.880
<v Speaker 14>afford for themselves, for their families, to build a good

504
00:41:49.920 --> 00:41:56.239
<v Speaker 14>life for themselves. We're just two days, amazingly from the

505
00:41:56.280 --> 00:41:58.840
<v Speaker 14>start of the writ period, the election period. I don't

506
00:41:58.880 --> 00:42:00.599
<v Speaker 14>know if there's enough Pumpkins spy in the world to

507
00:42:00.599 --> 00:42:03.159
<v Speaker 14>get us through it, but we're going to do our best.

508
00:42:04.039 --> 00:42:10.679
<v Speaker 14>And despite that, the work can't stop on these critical issues,

509
00:42:10.960 --> 00:42:13.239
<v Speaker 14>which is why I'm so excited to be able to

510
00:42:13.280 --> 00:42:18.360
<v Speaker 14>share this announcement with you here today. The vision that

511
00:42:18.440 --> 00:42:21.159
<v Speaker 14>we have for the province is that everybody should be

512
00:42:21.199 --> 00:42:23.360
<v Speaker 14>able to find a decent place to live. We should

513
00:42:23.360 --> 00:42:26.960
<v Speaker 14>be able to finish the day if they're working hard,

514
00:42:27.000 --> 00:42:29.239
<v Speaker 14>following the rules, that finished the day further ahead than

515
00:42:29.280 --> 00:42:31.920
<v Speaker 14>they started the day, not further behind. And part of

516
00:42:31.960 --> 00:42:36.199
<v Speaker 14>that critical piece of feeling that security and feeling that

517
00:42:36.679 --> 00:42:38.960
<v Speaker 14>connection to community is having a decent place to live.

518
00:42:38.960 --> 00:42:42.079
<v Speaker 14>It is fundamental to our economy, to the success of

519
00:42:42.119 --> 00:42:48.079
<v Speaker 14>our economy, but most importantly to the success of British Columbians.

520
00:42:48.119 --> 00:42:53.480
<v Speaker 14>For too long, the vision of home ownership, the idea

521
00:42:53.519 --> 00:42:56.239
<v Speaker 14>of home ownership has been out of reach for way

522
00:42:56.280 --> 00:43:00.480
<v Speaker 14>too many people, people who earn a decent income, priced

523
00:43:00.519 --> 00:43:03.280
<v Speaker 14>out of the market and not seeing any path to

524
00:43:03.360 --> 00:43:09.000
<v Speaker 14>being able to own a home. We have worked hard

525
00:43:09.119 --> 00:43:11.679
<v Speaker 14>with our partners in municipal government, with First Nations, partners,

526
00:43:11.679 --> 00:43:15.159
<v Speaker 14>with the private sector, with a nonprofit sector to turn

527
00:43:15.239 --> 00:43:19.280
<v Speaker 14>that around, and today's announcement is part of that work.

528
00:43:19.320 --> 00:43:21.079
<v Speaker 14>We have an action plan in place that will deliver

529
00:43:21.559 --> 00:43:26.119
<v Speaker 14>experts say about three hundred thousand attainable middle income housing

530
00:43:26.199 --> 00:43:29.360
<v Speaker 14>units across the province by getting a lot of the

531
00:43:29.400 --> 00:43:31.639
<v Speaker 14>process and the red tape out of the way to build.

532
00:43:32.000 --> 00:43:36.639
<v Speaker 14>We've legalized town homes, We've legalized side splits and the

533
00:43:36.719 --> 00:43:40.199
<v Speaker 14>ability for people to build more than one home on

534
00:43:40.239 --> 00:43:43.320
<v Speaker 14>a single family lot, creating that entry point for people

535
00:43:43.360 --> 00:43:49.480
<v Speaker 14>into the housing market. We're seeing some moderation in real

536
00:43:49.599 --> 00:43:54.440
<v Speaker 14>estate prices. Where I'm most heartened is to finally see

537
00:43:54.480 --> 00:43:58.360
<v Speaker 14>rents starting to come down in the province while nationally

538
00:43:58.599 --> 00:44:02.719
<v Speaker 14>our rents are still trending up. There are lots of

539
00:44:02.760 --> 00:44:06.519
<v Speaker 14>possible explanations for this, but I can assure you that

540
00:44:06.800 --> 00:44:09.920
<v Speaker 14>the report about our work on Airbnb that came out yesterday,

541
00:44:10.360 --> 00:44:12.599
<v Speaker 14>it says that that helped produce rents here in the

542
00:44:12.599 --> 00:44:15.039
<v Speaker 14>City of Vancouver. The fact that we're building four times

543
00:44:15.039 --> 00:44:17.840
<v Speaker 14>more rental housing than the Province of Ontario, the fact

544
00:44:17.840 --> 00:44:20.000
<v Speaker 14>that we're addressing vacant homes by opening them up for

545
00:44:20.000 --> 00:44:22.719
<v Speaker 14>rent through the speculation tax. All of these pieces are

546
00:44:22.760 --> 00:44:25.400
<v Speaker 14>contributing to that work, as well as the more than

547
00:44:25.480 --> 00:44:28.880
<v Speaker 14>ten thousand units of student housing we're delivering across the

548
00:44:28.880 --> 00:44:33.000
<v Speaker 14>province to take pressure off the local rental market. I

549
00:44:34.960 --> 00:44:38.199
<v Speaker 14>think the contrast is quite stark with the proposals for

550
00:44:38.239 --> 00:44:42.280
<v Speaker 14>where this province should go on housing in the upcoming election.

551
00:44:44.039 --> 00:44:47.559
<v Speaker 14>On the one hand, we're committing to and have committed to,

552
00:44:47.639 --> 00:44:52.559
<v Speaker 14>doing everything all of the above, addressing the toxic demand

553
00:44:52.559 --> 00:44:56.000
<v Speaker 14>in the housing market, the speculation, Airbnb, all those other pieces,

554
00:44:56.039 --> 00:44:58.440
<v Speaker 14>as well as the supply and making sure that the

555
00:44:58.480 --> 00:45:01.280
<v Speaker 14>homes are getting built that we need in the province.

556
00:45:02.320 --> 00:45:05.239
<v Speaker 14>And I could spend the whole morning and I won't

557
00:45:05.400 --> 00:45:09.519
<v Speaker 14>I promise, talking about how we're going to address this

558
00:45:09.559 --> 00:45:11.800
<v Speaker 14>housing crisis for people, how we're going to support them

559
00:45:11.960 --> 00:45:14.360
<v Speaker 14>with the biggest challenge that they face. On the other hand,

560
00:45:14.599 --> 00:45:16.519
<v Speaker 14>John Russad, who is committed to going back to the

561
00:45:16.559 --> 00:45:21.400
<v Speaker 14>old status quo on housing, to eliminating all of these initiatives,

562
00:45:21.559 --> 00:45:23.880
<v Speaker 14>to getting rid of the speculation tax on vacant homes,

563
00:45:24.440 --> 00:45:28.239
<v Speaker 14>to opening up homes to speculators again through the Airbnb program,

564
00:45:28.760 --> 00:45:31.239
<v Speaker 14>to putting red tape and barriers in place, to building

565
00:45:31.280 --> 00:45:33.840
<v Speaker 14>the attainable middle income housing that we need. When he

566
00:45:33.960 --> 00:45:36.599
<v Speaker 14>was asked what part of the government's housing initiatives he

567
00:45:36.639 --> 00:45:40.679
<v Speaker 14>would keep, he had a two word answer, not much. Well,

568
00:45:40.760 --> 00:45:43.559
<v Speaker 14>that's about the same answer that he would give to

569
00:45:43.559 --> 00:45:46.679
<v Speaker 14>the question of British Columbians asking what are you going

570
00:45:46.760 --> 00:45:50.239
<v Speaker 14>to do for me to get into attainable housing? Not much.

571
00:45:51.199 --> 00:45:55.880
<v Speaker 14>We have a different approach. So enough of Enough of that,

572
00:45:57.039 --> 00:46:00.199
<v Speaker 14>Let's talk about why you're here and why I'm so

573
00:46:00.239 --> 00:46:04.360
<v Speaker 14>excited about what's happening here today. What has been envisioned

574
00:46:05.199 --> 00:46:09.599
<v Speaker 14>by the leadership at Musclium, Squamish and Sliotith for the

575
00:46:09.679 --> 00:46:14.639
<v Speaker 14>use of this land, and what we have been able

576
00:46:14.679 --> 00:46:17.039
<v Speaker 14>to deliver here together in partnership with the City of

577
00:46:17.079 --> 00:46:21.800
<v Speaker 14>Vancouver and the Nations. Today I'm announcing that we have

578
00:46:21.920 --> 00:46:26.400
<v Speaker 14>partnered with the MST Nations to create twenty six hundred

579
00:46:26.480 --> 00:46:30.400
<v Speaker 14>homes on this site, the Heatherland Site, that middle income

580
00:46:30.400 --> 00:46:36.400
<v Speaker 14>British Columbians can actually afford. The way we are delivering

581
00:46:36.559 --> 00:46:42.199
<v Speaker 14>this for middle income British Columbians to ensure affordability involves

582
00:46:42.280 --> 00:46:44.920
<v Speaker 14>really all hands on deck. It involves the City of

583
00:46:45.000 --> 00:46:48.280
<v Speaker 14>Vancouver fast tracking the permits and the zoning so that

584
00:46:48.320 --> 00:46:51.199
<v Speaker 14>we can get built quickly on the site, reducing the

585
00:46:51.199 --> 00:46:55.079
<v Speaker 14>holding costs. It involves the Nations bringing the land to

586
00:46:55.119 --> 00:46:57.639
<v Speaker 14>the table so that we can do this work together.

587
00:46:58.239 --> 00:47:01.639
<v Speaker 14>And it involves the Province of British Columbi with an

588
00:47:01.639 --> 00:47:06.000
<v Speaker 14>innovative financing arrangement for the home buyers will be moving

589
00:47:06.360 --> 00:47:10.920
<v Speaker 14>into these homes where government initially finances and covers forty

590
00:47:11.000 --> 00:47:16.320
<v Speaker 14>percent of the market price, allowing homeowners to be able

591
00:47:16.320 --> 00:47:20.239
<v Speaker 14>to buy in here for sixty percent of market value.

592
00:47:21.480 --> 00:47:24.920
<v Speaker 14>Now this bear with me gets a bit technical here,

593
00:47:25.400 --> 00:47:30.440
<v Speaker 14>but this is where the magic is. The forty percent

594
00:47:30.480 --> 00:47:36.119
<v Speaker 14>contribution from government is not a grant, it's not an

595
00:47:36.119 --> 00:47:41.320
<v Speaker 14>ongoing subsidy. It is financing. The forty percent is repaid

596
00:47:42.079 --> 00:47:44.480
<v Speaker 14>at the end of twenty five years or when the

597
00:47:44.519 --> 00:47:49.480
<v Speaker 14>owner sells. The government also the public participates in any

598
00:47:49.599 --> 00:47:53.519
<v Speaker 14>appreciation in the value of the property. What this means

599
00:47:53.599 --> 00:47:59.199
<v Speaker 14>is that what we have created here together is a

600
00:47:59.280 --> 00:48:05.559
<v Speaker 14>financing too that protects taxpayers, that minimizes impact on public budgets,

601
00:48:06.119 --> 00:48:10.320
<v Speaker 14>and yet at the same time delivers affordable housing now

602
00:48:11.119 --> 00:48:14.840
<v Speaker 14>and when the loan is paid back by the homeowner,

603
00:48:15.719 --> 00:48:18.400
<v Speaker 14>protects affordability in the future, creates the possibility of that

604
00:48:18.440 --> 00:48:22.880
<v Speaker 14>money going back into further attainable housing initiatives. The money

605
00:48:22.920 --> 00:48:26.960
<v Speaker 14>is not used up, it catalyzes further attainable housing into

606
00:48:26.960 --> 00:48:32.039
<v Speaker 14>the future. The units are sold as ninety nine year

607
00:48:32.199 --> 00:48:37.000
<v Speaker 14>leases strat of leaseholds with Musclim, Squamish and Slayertoth Now.

608
00:48:37.360 --> 00:48:39.519
<v Speaker 14>The unit prices will be determined at the time that

609
00:48:39.559 --> 00:48:42.119
<v Speaker 14>they actually go up for sale. But if they were

610
00:48:42.119 --> 00:48:46.239
<v Speaker 14>for sale today under current marketing market conditions, a studio

611
00:48:46.280 --> 00:48:49.960
<v Speaker 14>apartment on this site would sell for six hundred and

612
00:48:50.000 --> 00:48:54.840
<v Speaker 14>twenty thousand dollars. Under this program that we're announcing today,

613
00:48:55.320 --> 00:48:57.719
<v Speaker 14>that same studio apartment will sell for three hundred and

614
00:48:57.719 --> 00:49:01.559
<v Speaker 14>seventy two thousand dollars on this site today the market

615
00:49:01.599 --> 00:49:04.639
<v Speaker 14>price for a two bedroom condo would be one point

616
00:49:04.679 --> 00:49:08.920
<v Speaker 14>three million dollars. Under this program that we're announcing today,

617
00:49:09.599 --> 00:49:13.320
<v Speaker 14>that will be seven hundred and eighty thousand dollars. In

618
00:49:13.400 --> 00:49:16.320
<v Speaker 14>terms of who will qualify to be able to buy

619
00:49:16.320 --> 00:49:19.400
<v Speaker 14>these homes, there will be a priority placed on first

620
00:49:19.480 --> 00:49:24.239
<v Speaker 14>time home buyers. There will be strict criteria around income

621
00:49:24.400 --> 00:49:30.119
<v Speaker 14>and asset ceilings for buyers. I want to assure you

622
00:49:30.400 --> 00:49:33.000
<v Speaker 14>that we will have strict rules and screening measures in place,

623
00:49:33.519 --> 00:49:35.559
<v Speaker 14>and anyone who thinks that they can gain the system

624
00:49:36.280 --> 00:49:39.159
<v Speaker 14>when we detect that, there will be serious consequences. So

625
00:49:39.159 --> 00:49:43.920
<v Speaker 14>there's no point. This will be dedicated for people who

626
00:49:44.000 --> 00:49:47.360
<v Speaker 14>help make our communities grow, who have been priced out

627
00:49:47.400 --> 00:49:50.400
<v Speaker 14>of the market and would not have any other opportunity

628
00:49:50.840 --> 00:49:54.920
<v Speaker 14>to get in in a reasonable way. The registration for

629
00:49:55.119 --> 00:49:58.400
<v Speaker 14>this project will happen in the spring and construction will

630
00:49:58.440 --> 00:50:03.719
<v Speaker 14>begin soon after. Now, the piece about this that I

631
00:50:03.760 --> 00:50:09.159
<v Speaker 14>really like is that by doing this work together, we

632
00:50:09.199 --> 00:50:13.400
<v Speaker 14>are creating a new model of delivering attainable middle income housing.

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<v Speaker 14>And it is not exclusively government money that needs to

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<v Speaker 14>participate in this way in attainable middle income housing. This

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<v Speaker 14>creates the possibility for patient capital with foundations and other

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<v Speaker 14>groups to potentially provide the financing support as a social

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<v Speaker 14>purpose investment for their funds. The possibility of leveraging not

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<v Speaker 14>just the strength of government to deliver attainable housing for

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<v Speaker 14>people without impairing government budgets, and also creating a pathway

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<v Speaker 14>for those that have that capital and want to assist

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<v Speaker 14>in delivering attainable housing for people, but have commitments that

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<v Speaker 14>they need to meet around return on their investment create

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<v Speaker 14>the possibility that this could be leveraged on many many projects.

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<v Speaker 14>Keep in mind that these projects are in the most

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<v Speaker 14>expensive real estate market in Canada, one of the most

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<v Speaker 14>expensive real estate markets in the world. That we are

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<v Speaker 14>delivering units at forty percent or forty percent below market.

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<v Speaker 14>This can be replicated across British Columbia in markets that

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<v Speaker 14>on are significantly less affordability challenge, delivering significantly more affordability

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<v Speaker 14>for people right across British Columbia. I'm so excited about

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<v Speaker 14>the possibility of scaling this right across British Columbia. We've

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<v Speaker 14>delivered a number of important changes that are showing up

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<v Speaker 14>in actual results in the province that I'm proud of.

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<v Speaker 14>Eighty four thousand new homes delivered or underway in the

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<v Speaker 14>province with government support financing, from social housing to student housing,

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<v Speaker 14>you name it. We're leading Ontario and rental housing construction

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<v Speaker 14>by nearly four times, and we're seeing impacts on rents.

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<v Speaker 14>But I am nowhere near satisfied until all British Columbians

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<v Speaker 14>have the opportunity to get into attainable housing that they

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<v Speaker 14>and their families can afford. Our work is not done

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<v Speaker 14>and we will not rest. But today is a wonderful

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<v Speaker 14>day and I feel us taking one step closer to

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<v Speaker 14>that goal. Thank you very much.

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<v Speaker 1>The show has been produced by Depictions Media. Please contact

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<v Speaker 1>us at Depictions Media for more information.