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CNN Live Event/Special

Secretary of State Powell Speaks in Johannesburg, South Africa

Aired May 25, 2001 - 09:26   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
MILES O'BRIEN, CNN ANCHOR: Live pictures from Johannesburg, South Africa. A little piece of history we're watching with here: That's Colin Powell, the secretary of state -- the first African- American to hold that title -- delivering what is essentially the keynote address for his trip across Africa, discussing, among other things, the AIDS crisis that besieges the continent -- a pandemic, as they say. In South Africa alone, more than 4.7 million people are infected with HIV.

Let's listen in as he addresses a university audience.

COLIN POWELL, SECRETARY OF STATE: ... to the World Summit on Sustainable Development, which South Africa is hosting in 2002.

In addition to our substantial bilateral assistance programs, the United States government also plays a leading role in fostering self- propelled African growth and development through the capacity-building efforts of the international financial institutions and United Nations agencies that are hard at work in this effort.

I cannot state strongly enough, however, that all, over the world, experience has shown that trade and private investment have to go hand in hand with openness within a country. Trade and private investment hand in and with openness in a country lead to growth and to development. Money simply....

O'BRIEN: Secretary of State Colin Powell continuing his address, Johannesburg, South Africa. We're going to continue to monitor it for you, but we'll move on and bring you more coverage of it later on videotape. It's the second stop on a four-nation tour, as we say, a historic trip, a visit by a U.S. secretary of state of African- American descent to the continent of Africa.

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