All references must hold upward sourced to CNBC.
MICHELLE CARUSO-CABRERA: The president during his tidings conference amongst the prime number government minister of Italia said he would run across amongst the president of Islamic Republic of Iran amongst no preconditions. Are you lot onboard amongst that? Is that a proficient idea? MIKE POMPEO: I am, indeed. We-- we've said this before. We-- we-- the President wants to run across amongst folks to solve problems. If the Iranians demonstrate a commitment to brand commutation changes inward how they process their ain people-- cut down their maligned behavior, tin concur that it's worthwhile to-- come inward in a nuclear understanding that genuinely prevents proliferation, together with thus the president said he's prepared to sit down downwards together with receive got a conversation amongst him.
MICHELLE CARUSO-CABRERA: There were reports terminal calendar week that they receive got rebuffed numerous requests from the president. Is that true?
MIKE POMPEO: I'm non gonna speak most the somebody conversations that may receive got been had or may non receive got been had.
MICHELLE CARUSO-CABRERA: The-- the Iranian currency is getting pummeled. And this is fifty-fifty ahead of the snapback sanctions that become into house side past times side week. Are you lot happy most that? Is that a proficient thing? Is that gonna assist convey them to the table?
MIKE POMPEO: What we're looking isn't the rial to collapse or anything else for that matter. What nosotros are demanding is a modify inward the conduct of the regime. You can't launch missiles into Riyadh. You can't arm people inward Republic of Iraq together with Syrian Arab Republic together with Lebanese Hezbollah. You can't manage amongst Iraqi militias. That's non conduct that is acceptable from Iran. Those are the changes that we're looking for. And we're-- we're hopeful that the Iranian regime volition reckon it that agency every bit good together with modify their behavior.
MICHELLE CARUSO-CABRERA: You announced several novel initiatives today related to the Indo Pacific Region. That's basically the Pacific together with India. You described it every bit a novel era. Why? Why're you lot doing this?
MIKE POMPEO: Well, it's an of import region. It's been an of import part for a while. But the Trump management is taking this incredibly seriously. And we're doing it in-- inward a agency that's really consistent amongst this administration. We wish somebody industry, amongst the assistance of the U.S. of A. of America government, understanding that we're going to back upward this effort. We're gonna receive got somebody manufacture become inward together with prepare relationships. When American businesses come upward to these countries, they'll thrive. We'll receive got contracts that are opened upward together with transparent. We'll cast existent partnerships amongst these countries. And nosotros volition produce goodness America for sure, but we'll produce goodness of each of the nations inward the Indo Pacific past times engaging inward this way.
MICHELLE CARUSO-CABRERA: When you lot read the descriptions, if you lot read the Chinese headlines today, they say, "This is a counter to One Belt, One Road." This is the massive infrastructure spending excogitation that China is doing inward numerous countries throughout Asia and-- together with fifty-fifty into Europe. Is this an answer to One Belt, One Road, what you lot announced today?
MIKE POMPEO: We're convinced that American appointment inward the Indo Pacific benefits all the nations inward that region. We wish it to hold upward free. We wish it to hold upward open. We're non looking for-- dominance. We're looking for partnerships. Others pick out to acquit differently. We wish these to hold upward commercially feasible projects led past times the American somebody sector inward a agency that benefits-- the entire part together with the world.
MICHELLE CARUSO-CABRERA: There's a argue why some of these countries though similar to instruct involved amongst One Belt, One Road, right? Those-- those-- contracts are non transparent. They are province directed. We've discovered immediately since a lot of them receive got gone into house that there's a lot of corruption. Autocratic countries genuinely similar that. They don't wish transparency. They don't wish companies that don't wish to pay bribes. I mean, how produce you lot convince those countries that this is a improve option, that the agency the U.S. of A. of America does things is a improve option?
MIKE POMPEO: Look, I retrieve some of the countries who've engaged inward that discovery themselves inward a house that they are non happy about. And I retrieve the others are get-go to reckon that every bit well. The agency you lot convince them is that you lot demonstrate that over the class of history, over the-- the fifty-fifty close term together with medium term-- that developing relationships amongst the United States, that receive got transparency genuinely turns out to hold upward better-- for the leadership together with for the people inward each of these countries. I'm convinced that history supports that theory. And I'm also convinced that the vast bulk of the countries of the Indo Pacific volition concur amongst that.
MICHELLE CARUSO-CABRERA: The Trans-Pacific Partnership in all probability wouldn't receive got happened, regardless of who won. The left together with the correct seem to loathe it, right? Everybody's against complimentary merchandise these days, it seems. But my colleagues inward CNBC Asia-- together with this interview is gonna air at that topographic point inward precisely a duo of hours when they wake up, they were keenly interested inward this. And they said, "If you lot genuinely wish to receive got economical influence inward Asia, the Trans-Pacific Partnership would hold upward the agency to produce it." What produce you lot tell to them?
MIKE POMPEO: Well, the correct mechanism-- is to hold upward determined. But President Trump wants complimentary trade. Make no error most it. You suggested that there's no complimentary traders left. President Trump is an ardent complimentary trader. Zero tariffs, nada subsidies, nada barriers. He's looking to rebalance these relationships. And every bit I said, mayhap it's a multilateral arrangement. But to a greater extent than likely, it volition hold upward a serial of bilateral arrangements. They tend to bear witness to a greater extent than effective, improve for the American people. And they'll instruct the termination that President Trump is demanding. He's only looking for fair together with opened upward together with reciprocal trade. And when nosotros instruct that-- we'll receive got complimentary merchandise relationships amongst these countries that volition produce goodness non entirely the United States, but their countries every bit well.
MICHELLE CARUSO-CABRERA: Is his methodology making your chore harder every bit a diplomat, the merchandise war?
MIKE POMPEO: His-- his methodology is leading to increased economical chance hither inward the U.S. of A. of America of America. That's e'er a produce goodness for whatsoever diplomat or whatsoever soldier.
MICHELLE CARUSO-CABRERA: One of the countries that's genuinely gorged on One Belt, One Road is Pakistan. So much thus they've taken on all kinds of debt. They powerfulness genuinely receive got to become to the IMF, the International Monetary Fund, for a bailout because they've taken on thus much Chinese debt. The International Monetary Fund is funded past times U.S. taxpayer dollars. Many other countries every bit well, but if they become to the International Monetary Fund for a bailout, there's a adventure that U.S. taxpayer dollars are going to become towards Chinese directed companies as-- every bit role of that bailout. Are you lot concerned most that? Are you lot monitoring that?
MIKE POMPEO: So ii thoughts. First, there's novel leadership inward Islamic Republic of Pakistan together with nosotros welcome appointment amongst them inward a agency that nosotros retrieve volition produce goodness each of our ii countries. Second-- brand no mistake-- nosotros volition hold upward watching what the International Monetary Fund does. There's no rationale for International Monetary Fund taxation dollars-- together with associated amongst that, American dollars that are role of the International Monetary Fund funding-- for those to become to bail out Chinese bondholders or-- or China itself.
MICHELLE CARUSO-CABRERA: Democratic People's Republic of Korea is role of the Indo Pacific Region. Numerous times during the whole-- all the events around Helsinki— - excuse me, around Singapore-- both you, the president, other basis leaders refer to the opening of the North Korean economy. Has Kim Jong-un ever genuinely expressed a wish to receive got to a greater extent than marketplace forces inward his economy? It's been Stalinist, long past times Stalin's death. Is he interested inward changing that economic scheme inward a agency that is fundamental?
MIKE POMPEO: He has. We've spoken to him most a brighter hereafter for North Korea. We've spoken to him most the importance of allowing somebody dollars to come upward in. Not precisely dollars from the United States, although I'm confident at that topographic point volition hold upward Americans who would wish to invest inward an opened upward together with rules-based North Korea. But Japanese, Republic of Korea together with Chinese also volition all wanna hold upward role of the economical chance that at that topographic point is inward North Korea. We've-- we've told Chairman Kim,"If nosotros tin denuclearize-- your country-- at that topographic point is a brighter hereafter for the North Korean people." We're convinced that he also shares that understanding, that at that topographic point has to be, indeed, he has directed improve economical times for his ain people.
MICHELLE CARUSO-CABRERA: But-- but does he receive got whatsoever belief inward marketplace forces at all?
MIKE POMPEO: We've talked to him most how it is that you lot grow an economy. That you lot grow an economic scheme with-- a somebody rules based scheme together with -- unusual straight investment is the quickest agency to fuel economical improvement for your ain people.
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