thank. you us president donald trump has praised his country's new trade pact with mexico and canada writes the wrongs of the old nafta agreement and will serve as a model for more trade deals to come. what on earth does a dirty water cycle have to do with a business incubator in the capital of rwanda join us for a visit to cuba and find out. and crisis averted for now after years of turmoil german steel giants to some corp splits to names a new c.e.o. . it's time for business on the w. . welcome to the program the united states and canada have agreed to a deal to replace them after 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 canada had raced out of the deal reached in august between the u.s. and mexico to update nafta but last minute talks between ottawa and washington guaranteed that all three members will be in the new version of the trade pact so we've negotiated this new agreement based on the principle of fairness and reciprocity. the most important word intrinsic been treated unfairly by so many nations all over the world and we're changing that. u.s. president donald trump sounded pleased with the pact which rescues north america's three one point two trillion dollar open trade zone since trump's election a quarter century old pact which includes candidate the u.s. and mexico had 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 compensate dairy farmers who would buy the deal canada also fought hard to maintain a trade dispute settlement mechanisms. it's an agreement that when in fact it will be good for canadian workers good for us 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 had blamed nafta for the exodus of manufacturing jobs to mexico where wages are lower and he threatened to walk away from nafta a most 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 has been following the developments very closely interested to see your 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 me a name that i scream 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 quotas sold there are more components should be made with that in north america most car companies already fulfilled those quota so even if it wasn't set in

stone before and anyhow what we do see is certain uncertainties are falling apart as a car companies for example cannot really be easier for them to do the planning for the future and that's also why we saw some gains in the stocks off the big car manufacturers but overall the dairy industry 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 james madison scanned something who is true before that china actually said that they will not have any high ranking military carry off. ready to meet matters kind of. it was a part of the research this trip got cancelled so by the way over the weekend china actually lowered tariffs on about sixteen hundred products a bit could have been

a certain sign of a policeman but at this point it doesn't look very likely that a deal between china and the us is close and why we speak this week the u.s. will stand for it negotiations will. likely that washington try to get as many trade deals as possible to increase the pressure on china and call to new york thank you very much. you say in the u.s. and the state of california and you quote a lot is being pushed through that will give women more opportunities in management positions according to the new law that listed companies with a registered office in california must point 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 a lot of plaster technology like 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. to us shake up in a german court famous for it still and also force elevator splitting into the company says the move will allow it to be more competitive in the very diverse markets surface 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 innovative 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 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 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 of around one billion euros. britain's trade minister liam fox 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 i've got an ugly and the we can't britain's foreign secretary jeremy hunt compared you to a soviet prison camp less than six months out from britain's exit a deal house of rationing will look like likely. for we go wants to jump on the digitalisation way the government has been pushing technological developments for years helped by state aid from foreign companies and countries germany is not the exception and universality for entrepreneurs was just unveiled in the capital kigali to kick start out of top. their all around thirty thousand motorized taxi box on the streets of kigali that gave kind of movie the. business idea. on servicing station which he

opened two years ago he now has around four pounds in regular customers so why thirty stuff the pipes are clean point hand here in the markets we we're entering it is one and this is just talked to. many challenges and we customer two point we're really happy with what we're getting into and very confident about the future brought up. and is now extra help and office and then you press the bell of low to provide start of his likeness with modern workplaces with computers three d. printers laser cutters i'm 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 the more support they get in government the better the chances of

the country's development. rwanda has a young population a growing number of people in the capital have a smartphone and a frequent news about on the internet the government is committed to further digitalisation look for now is primarily urban populations who are benefiting in all the tribulation. it's easy to forget that the exception than the route forty percent of all ruined below the poverty line most rural areas seventy percent don't have internet access so too many in this country absent startups are quite meaningless. and certainly a very very long way to go that wraps up this edition of the w.b. thank you very much for watching remember you can always stay up to date with the latest headlines our web site 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 up thank

you very much and soon as the books. come. to a. cut to a good place to. come . the clinton camp. ground. against.

the law. they make a commitment. they find. late and stronger. africa on the moon. stories of those people making a difference shaping their nation and their continental africa. stories about motivational change makers taking their destinies into their lands in a. multimedia series for a guy. called dollar movie. the contentious figure at home. he wrote in germany. from the fall of the early. to german reunification.

the end of the cold. war charges from the brink europe's of the twentieth century. gorbachev the last leader of the soviet union was an agent of change. quickly next downfall. i have decided to resign my duties as president of the soviet union. lost. but she was historical but i'm sure of one as. she continues to fight for world peace with the reminder by that we have to comprehend where this has taken our surface today there is a new arms race. being our target gorbachev and the opportunity for peace wasted starts oct third on d w.