tv Business - News Deutsche Welle July 17, 2018 7:15pm-7:31pm CEST
world cup winner was given a rousing reception ahead of watching his first mass marathon a promise fans will create a team that will battle for the titling hopes his presence can help improve football in the country. you're watching leader here's here's what's still ahead as washington roosts to word greater protectionism the e.u. and japan signed a landmark free trade deal first we'll have all the details for you right after this. under. i. was a symbol of. somebody who was my heroes who is also a hero that everybody around the world whose name stoops and who will. leave me with
good genes from who's in the world to stay. in tears in your hands. on the one hundredth anniversary of his birth the legacy of nelson mandela. july eighteenth in the t.w.a. . deal that creates one of the world's largest trading blocs slashing ninety nine percent of all terrorists the european union and japan signed a free trade agreement with the braces a third of the global economy and more than six hundred million people represents a powerful push for free trade. and as you're a bloke's book asia for more free trade the french told city of musée hopes to become an important hob thanks to china's one belt. on the road project. visited
audio business i've gathered as well as the european union and japan have signed a new trade deal that will create the world's biggest open economic area the deal which could come into effect next year will unite around six hundred million people across both markets it's the largest ever agreement negotiated by the european union and removes nearly all tariffs on trade between the two regions. a grand fanfare for an historic agreement. as the e.u. and japan signed the world's largest ever trade deal in tokyo. to do signature the new japan economic partnership agreement is a landmark moment for go with the if we used together economies that the cone for the third of the world's g.d.p. and home to over six hundred million people. talk to got off to a difficult start and took a full four years but as u.s.
president donald trump ratcheted up the protectionist rhetoric over the last one and a half years the negotiators set about sealing the deal in double quick time. money again they. are apparently rising concerns about protectionism globally. within this context i believe it is extremely meaningful that japan and the e.u. are sending a message to the world i think i'd about the importance of free and fair trade or more like that here and in a. japanese automobiles currently face ten percent e.u. import tariffs they will now be completely done away with for the europeans the food industry is the big winner of the deal it will now be much easier for e.u. producers to export cheese chocolate and me to japan a nation of prosperous consumers the e.u. expects food exports alone to jump by at least one hundred eighty percent that'll create new jobs and boost g.d.p.
the message to washington is loud and clear you build walls you lose on the free trade is a win win for all participants. from the five. apart from the symbolic push for free trade how important is this. it is important and not just symbolism but it's going to push the economies of both sides along that's what the european commission is convinced of it says that it will massively increase the volume of trade by up to twenty five percent in the next couple of years of course once the full slew of the measures take effect there are some intermediate steps where the full effects won't be felt she had to in order to allow certain sectors to get used to free trade to ninety nine percent of those tariffs falling by the wayside and you exporters are expected to save a lot of money there is that car aspect though it was just mentioned and of course
if there are no tariffs anymore on japanese cars they're very popular here in europe as well and in germany toyota. honda it's a busy then you have more competition for domestic brands but at the same time japan also no tariffs so european manufacturers like the premium makers with their luxury cars have a chance to get a toehold in japan lots of money there lots of money to be made with big margins on big cars but it's a big push for free trade but fed chairman jerome powell also weighed in on trade today what did. he was testifying in front of the u.s. senate and basically on economic policy and the federal federal reserve policy interest rates and while he insisted that he wasn't. commenting on the current get tough trade policy directly he did say that history indicates that higher tariffs
harm growth while lower tariffs support growth an important message and in principle countries who open trade have grown with faster with higher with higher incomes so that was an important message here for the market he also says that he's looking at slowly gradually rising interest rates all this good news for the market the dax clearly gaining traction from that near the end of the day here really bonds in frankfurt thank you. through this taking measures to diversify its sources of soybean imports to buffer the effects of trade tensions with the u.s. which normally sells fourteen billion dollars worth of soybeans to china every year china's soybean imports from brazil surged to a record high in may also beijing is waiving tires on soybeans from india and south korea the measures are aimed at mitigating the effects of terrorism tariffs posed
by china on u.s. soil imports in response to donald trump's tariffs on chinese it's. signed as been building the new silk road the so-called one belt one road project for five years now billions of euros are to be invested in infrastructure worldwide in order to expand trade routes for the boosting the economy in china the new silk road will also go through the french port city of must say it's looking to raise its profile on international markets. this investor is hoping the new myth sixty eight transshipment center for fashion will become a permanent hub on the new silk road a sea route for goods from northern china that leads through the suez canal to mar say. this is a real opportunity to become a hub for trade with china will be offering a wide range of products here starting with fashion and then other goods for instance from the tech sector i think in a time when i think it is. so far about ninety mainly chinese traders have set up
shop here. the next phase will see many new businesses because this center isn't just a gateway to the french market. i think our goal is to become a hub for businesses across southern europe italy and spain for instance are looking to create training links to countries in north africa such as algeria which there is a shared history. sixty eight could connect all these countries with china. the city administration is all too happy to get in on the silk road action china's largest shipping company has made marsay its main trading base in europe a chinese tire factory is also due to be built here soon expanded access to the french market however will need to be a two way street. but of course we hope that more foreign companies will do business with us so we can lower unemployment here the chinese are more than
welcome but in return they need to open up their markets to our products after all products from provence such as oil as wines and soaps are very popular in china. at least one economist doubts french exporters will be able to sell more in china even if beijing shows the political will. the silk road infrastructure project won't really change france's trade deficit with china it comes down to competitive pricing french products are generally more expensive. with french government should be aware of this it's also a bit wary that the silk road will be used to peddle influence. that's why it shielding certain strategic sectors. of the head of the fashion hub thinks apprehensions of burgeoning chinese influence are overblown. we need to stop peddling all these horror stories i think the situation is similar
to the post world war two cario. at that time american investment in europe was also knew that despite the current trade conflict the u.s. is still an important economic partner now it's china's time we need to work together with the chinese in other words he believes the prince need to follow china's lead if they do this transshipment center will not only be a major import hub it will also open the door to expanding exports to china. in many countries in africa harvests not only due to draw lack of infrastructure all over the continent the soil is depleted of nutrients most farmers have no means to find out which ones are missing zakk least so choosing the right composition and volume of fertiliser becomes a guessing game but now a company from the violence has found a simple and reliable way to help farmers establish the quality of the very earth working with. matthew kago and his driver are heading for
a coffee plantation in central kenya. as usual tafe brought their mobile soil scanner the agriculture list uses it to analyze soil quality so the problem of the far left people you think the pharmacist invest the import of a third of the period we have a not not not forth we'll just having i think you've come across the infrared scanner measures the soils contents the results go via an amp to the soil cares netherlands headquarters where the scandal is developed. sixteen thousand soil samples from around the world have also been stored and analyzed. those readings are compared to the soil data kago has sent from kenya. inside ten minutes and matthew kago has a response along with the required conservation advice for us for us he's in your
you know far. side on this farm has improved markedly since his last visit. after i became the expecting. and we can see that he saw actually i'm happy i'm happy from. the soil scan it costs three thousand euros cares expects large farms consultancies and farming cooperatives to be the main buyers. and that's as for me and the business team yeah and by the end of the winter we'll have an update for you in the next office you know very much washington of your business fall back. on.
should lose sarno just couldn't get this song out of his head. the musicologist began searching for the source of these captivating sounds. and that deep in the rain forest in central africa. the biochar people. hanging him buckling on lists and lots of bullets was a big. money. he was so good by their culture that he stayed. only a promise to a son loved son only in the jungle and return to the concrete and glass jar. the result reverse culture shock. to realize how strangely
artificial little clearly connected to life. was the prize winning documentary from the forest starts this night w. . this may come global three thousand we're off to colombia if you've never heard of cotton top tamarin said it's about time n.g.'s a way to save them. money a nation at the mercy of both conflicts and climate change we meet people bad determines to make a difference. and we head to the u.s. by.