u.s. president donald trump has praised his country's new trade pact with mexico and canada saying it it right the wrongs of the old after agreement and will serve as a model for more trade to come. also on the show one 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 secaucus splits into names and. it's time for business on the w i'm not here to welcome 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 canada had rest stay out of the deal reached in august between the u.s. and mexico to update nafta but last minute talks between auto and washington

guaranteeing that all three members will be the new version of the trade pact so we have negotiated this new agreement based on the principle of fairness and reciprocity. the most important word in trade because we've been treated so unfairly 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 trump's election 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 free or access to its own markets and said it will 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 work good. good for canadians. it's an agreement. for manufacturers and investors in true 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 on nafta for the exodus of manufacturing jobs to mexico where wages are lower and he threatened to walk away from nafta 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 and carter has been following the developments very closely and good

to see you 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 directly named the. cream 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 are more called poland should be made north america and most car companies already fulfilled those quotas so even if it was set in stone before and you know what we do see there's a certain uncertainty you are falling apart as a car companies for example can all really easier for them to do the planning for

the future but it's also why we saw some gains in the stocks off the big car manufacturers but overall other than the dairy industry we really have to wait and see if this is a game changer. the next big 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 for observe before that china actually said they will not have any high ranking military officer ready to. kind of. it was part of the reason why this trip got cancelled so by the way over the weekend china. tariffs on about sixteen hundred products could have been a certain sign of a policeman but at this point it doesn't look very likely

a deal between china and the us is even close and to why we speak this week the u.s. will. not be unlikely that washington tried to get as many trade deals as possible to increase the pressure on china and scott i mean your thanks very much. the same to us in the state of california a new quota law 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 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 the law applies to technology join 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. to a shake up in a german giant corp famous for its still and also for selling it or splitting into

the company says the move will allow it to be more competitive in the very diverse markets at search after years of turmoil the new c.e.o. . promised no further job cuts and officially kissed the company's crisis goodbye. this is how the german industrial trying. to present itself innovative with an eye to the future but there's still an 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 to some quick was hit hard by the low commodity prices leading to liquidity issues and a twenty seven percent drop in its share price now thinks splitting into two companies will help him 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 inherent to some elevator and automotive component business with around ninety thousand employees and sales of around sixteen billion euros interim c.e.o. who care costs will head 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 whether they agree with the split after all experts expect restructuring costs of 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 fast 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 no glee on the weekend foreign secretary jeremy hard to compare you to a soviet prison camp six months out from britain accept a deal on house of ration will look like likely. for we go once to jump on the digitalisation wegen the government has been pushing technological developments for yourself by state aid from foreign companies and countries germany is not the exception and you facility for entrepreneurs was just unveiled in the capital to kickstart the top. they're all around thirty thousand motorized taxi box on the streets of kigali not game kind of movie. business idea a bike wash and servicing station which he opened two years ago he

now has around four thousand regular customers thirty stuff the parks a clean one hundred here on the market we we're entering is all in one and what was this is it's just start looking so many changes and we are hard at work because the first two point we're really happy with what we're getting into i'm very confident about the future brought and. he's now got extra help an office in the new place the bell according to golly provided started with modern workplaces with computers three d. printers laser cutters i'm training. these entrepreneurs are already their country heroes they take chances the pay off they want to create something and that's a big opportunity the more support they get from government the better the chances of the country's development. of rwanda has a 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 fill the digitalisation although for now it's 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 route forty percent of all ruined the live below the poverty line most. areas seventy percent don't have internet access so too many in this country you absent startups are quite meaningless. and certainly a very very long way to go that wraps up this edition of your business thank you very much for watching remember you can always stay up to date with the latest headlines on 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 time thank you very much it's in a box of. game play.

to a. game. going to. be going to. the be. going to. go to. the and. they make the

commitment. they find. late in stronger. africa on the moon. stories of both people making a difference shaping their nation and their continent for a guy on the road the stories about motivational change makers taking their destinies into their long term strain a multimedia series for a guy. called. the contentious figure at home. he wrote in germany. from the fall of the early. german reunification. and the end of the cold. war charles was one of the great heroes of the twentieth

century. because the gorbachev of the last leader of the soviet union was an agent of change this. quickly measures downfall. i have decided to resign my duties as president of the soviet union. but he who wants historical buttle i'm sure one of us. he continues to fight for world peace with the reminder by that we have to comprehend when peace has taken our search but today there is a new arms race in. the hour of time gorbachev and the opportunity for peace wasted starts october third on t w.