u.s. president donald trump has praised his country's new trade pact with mexico and canada saying it right the wrongs of the old after agreement and will serve as a model for more trade deals to come. also on the show what on earth does the dirty water cycle have to do with a business incubator in the capital of rwanda joining us for a visit to cuba and find out. and the crisis averted for now after years of turmoil germany still designs to secaucus splits into names and new c.e.o. . it's time for business on the w. i'm going to come to the program the united states and canada have agreed to a deal to replace the nafta free trade agreement that is according to a u.s. official also said it will be renamed the united states mexico canada agreement until now can i had rest stay out of the do you know reached in august between the u.s. and mexico to update nafta but last minute talks between ottawa and washington guaranteeing

that all three members will be in the new version of the trade pact so we'll go she hated this new agreement based on the principle of fairness and reciprocity to me it's the most important word in trade because we've been driven really by so many nations all over the world that we're changing that. u.s. president donald trump sounded pleased with the pact which rescues north america's three nation at one point two trillion dollar open trade zone since trumps election with a quarter century old pact which includes candidate the u.s. and mexico have been brought to the brink of collapse negotiators said worked frantically to cobble together a deal before a midnight deadline imposed by the u.s. the deal involved compromises in pharmaceuticals and agriculture canada agreed to provide us dairy farmers with access to its own markets and said it will compensate

dairy farmers who would buy the deal canada also for hard to maintain a trade dispute settlement mechanism. it's an agreement that when in fact it will be good for. good. and good for canadians. it's an agreement uncertainty for manufacturers and investors and improve labor rights for all north america. a joint statement said the new agreement would result in free markets fear of trade and robust economic growth in the region u.s. president donald trump blames an after for the exodus of manufacturing jobs to mexico where wages are lower and he threatened to walk away from after i'm less major changes were made the u.s. congress has sixty days to approve the deal. all right let's take a deeper look at this agreement with our financial correspondent at the new york stock exchange james carter who's been following the developments very closely and

. let's cut to the chase is this truly a bottom line waiting for the u.s. economy or more of a political win for truck. at a press conference u.s. president donald trump directs the name of the stream will be cheaper in canada it will be easier to export to other than for the dairy industry we really have to wait and see if we will see big changes what we hear quite a bit that it's a very good news for the car industry but if you look at the new quota sold there more components would be made and with that in north america most big car companies already fulfilled those quotes so even if it wasn't set in stone before anyhow what we do see is certain uncertainties are falling apart as a car companies for example really easier for them to do the planning for the

future but it's also why we saw some gains of the stocks off the big car manufacturers but overall other than the dinner we had this really really have to wait and see if this is a game changer against the next challenge of course china trade deal between the u.s. and china looks as remote as ever with the u.s. defense secretary now canceling a trip there. yeah well better since canceling his trip before that china actually said they will not have any high ranking military officer. matters kind of. it was part of the reason why this troop got cancelled so by the way over the weekend china had. tariffs on about sixteen hundred products could have been a certain sign of appeasement at this point it doesn't look very likely that

a deal between china and the us is even close and why we speak this week the us will start negotiations were not likely and that washington tried to get as many as possible to increase the pressure on china and call to new york thank you very much. saying the us in the state of california and you quote a law is being pushed through that will give women more opportunities in management positions according to the new law listed companies with a registered office in california must appoint at least one woman to their board of directors by the end of next year by twenty twenty one that number goes up to two or three depending on the number of the board seats the law applies to technology don't strike apple google and facebook although they already have at least one woman on their board noncompliance could result in a fine of up to three hundred thousand dollars. to our shake up in a german giant corp famous for its steel and also for selling there's

a split into the company says the move will allow it to be more competitive in the very diverse markets search after years of turmoil the new c.e.o. promised no further job cuts and officially kissed the company's crisis good buy. this is how the german industrial trying. to present itself innovated with an eye to the future but the steel and industrial component producer is having to take drastic action to see that future come to pass european steel prices plunged in two thousand and eleven after cheap chinese steel began to flood world markets was hit hard by the low commodity prices leading to liquidity issues and a twenty seven percent drop in its share price it now thinks splitting into two companies will help them deal with a changing market supervisory board approved the measure over the weekend the plan

will see one company taking over the steel and construction material production which has almost forty thousand employees and a turnover of about eighteen billion euros the second company will inherit to some elevator and automotive component business with around ninety thousand employees and sales of around sixteen billion euros. both companies for the long term unions and employee representatives have given their blessing as new jobs will be lost but it could take up to eighteen months before the shareholders decide at a general meeting where they agree with the split after all experts expect restructuring costs around one billion euros. britain's trade minister liam fox said european companies would have to pay tariffs worth more than fifteen billion euros a year to access the british market if britain and the e.u. failed to reach a trade agreement fox insisted it's in everyone's interest to reach

a deal and to reach it quickly after a disastrous summit in austria ten days ago thanks have gotten ugly on the weekend written as foreign secretary jeremy hunt compared you to a soviet prison camp less than six months out from britain's accept a deal on house of ration will look like likely. for we go there wants to jump on the digitalisation way the government has been pushing technological development for yourself up by state aid from foreign companies and countries germany is not the exception a new facility for entrepreneurs was just unveiled in the capital kigali to kick start the top. now around thirty thousand motorized time people on the streets of kigali not game kind of move give me a business idea like washington servicing station which he opened two years ago we

now has around four thousand regular customers served by thirty stuff the parks are clean by hand here in the markets we we're entering and this is the easy one and this is just start. hearing so many challenges and. the first point we're really happy with what we're getting into i'm very confident about the future brought. on is now extra help an office in the new place to better gloating in gali provide started with modern workplaces with computers three d. printers laser cutters on training. that's what these entrepreneurs are already their country's heroes they take chances are the payoff they want to create something and that's a big opportunity for more support they get from government the better the chances of the country's development. and wonder how the young population

a growing number of people in the capital have a smartphone and a frequent use of ups on the internet the government is committed to further digitalisation open now is primarily urban populations who are benefiting in all the tribulation over kigali. it's easy to forget that kigali is rather the exception than the rule forty percent of all rule and these live below the poverty line most outside and rule areas seventy percent don't have internet access so to many in this country new apps and start ups are quite meaningless. and certainly a very very long way to go that wraps up this edition of thank you very much for watching remember you can always stay up to date with the latest headlines on our website at the w dot com or of course follow us on social media where you can see these and every other program we will be back next time thank you very much but the for.

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