tv Business Deutsche Welle April 2, 2019 3:45pm-4:00pm CEST
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it's business as asia indeed of your self as well. the world trade organization says that world's trade growth is slowing as an alarming rate for the dickel instability and the persisting trade conflict between the world the world's two biggest economies are taking their toll britain's increasingly chaotic divorce proceedings from the make things worse than previously expected global growth could slow even more dramatic increase but no deal breaker said which looks increasingly likely for the world trade organization says global trade is expected to grow at a much slower pace this year than previously thought w.t. or analysts have lowered their growth forecasts for twenty nineteen to only two point six percent from three point seven percent the world trade organizations general secretary who best to a survey had all said this should come as no surprise to anyone. in twenty seventeen global trade in goods and services roles and by four point six percent
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but ongoing conflicts and trade pacts cut that rate to three percent in twenty eighteen and the trend is continuing with an even lower number expected this year however the w t o expects a return to over three percent growth in two thousand and twenty if a disorderly brags it can be averted and the trade conflict between the us and china gets resolved recent talks between washington and beijing raised some hopes that no further punitive terrorists between the two will be implemented and existing ones loosened but that is by no means a sure thing the u.s. has recently threatened china with more tariffs in the case of no agreement. joined by the chief economist of the world trade organization robert copeman was the cop on thanks for joining us on the w. business what is actually worse brags that all the trade spat between china and the u.s. at the moment. well there both bad
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but i would have to say that the global nature of the global impact of u.s. china and the u.s. actions on other countries is probably going to have a much bigger impact than brics although brics it will have a very concentrated impact on the u.k. and the e.u. so you know it's. six one half dozen of the other probably a little bit worse on the global side us china in concrete times what are your findings what can we expect. well our findings are by the way generally our concern is slowing economic growth because that drives a lot of trade growth particularly investment but these trade measures that countries are taking with against one another u.s. china for example well the uncertainty around the brics a deal also weigh on trade growth in that can affect quite a bit the bilateral relationships between countries we see
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a lot of trade diversion potentially occurring particularly in asia and north america and we would expect with a disorderly break said to see more trade diversion occurring around the e.u. in the u.k. so what that means is that the direct effects are offset partially by trading with other countries instead of bilaterally between those two regions but then if that affects firms and consumers decisions about what to build or buy then you start to get pretty significant negative effects on economic growth and you get significant economic effects on significant negative effects on trade you are talking about the trade fines are the roots are there windows and the situation. well overall i'd say no all there are no net winners because of the
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expected impact on global g.d.p. these this trade conflict these trade tensions will weigh on global g.d.p. in some sectors and some countries there are likely there's going to be this trade diversion and moving trade around and some countries will win and some countries will lose in those particular sectors but the overall weighing down of global economic growth which has very important impact on global trade is likely to result in in a net loss for the global economy. if we look at world trade at the moment and global politics increasingly politicians seem to be concerned about down national interest only and you know it's all about international corporation is the era of international cooperation over maybe. well it's certainly under stress right now i think it's way too early to say that
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it's over i think you know if we start to see continue if we continue to see this kind of economic slowdown and the kind of disruptions that are occurring as a result of these trade conflicts continue i suspect you'll start to see the country starting to look to cooperate again and maybe we can use this kind of crisis to strengthen global cooperation let's hope it's just a phase rather copeman that chief economist of the world trade organization in geneva thank you very much for joining us. german coffee retailer long known for its known coffee offerings ranging from kitchen utensils to clothes is arguing for stricter government oversight of the fashion industry and western economies the company says regulation is the only way to establish higher wages and better working standards in developing countries that voluntary action was not enough. meanwhile some companies are trying to tackle the industry's problem with
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their own approaches including a company in india that found a way to up cycle left over fabrics to stylish new governments. at this clothing design studio in southwest delhi fabric waste is seen as a valuable resource. the philosophy here is simple we don't need more new clothes repair more it's a challenge to the fast fashion business model a challenge that textile up folklore due diligence is proud to be making the problem in the fashion industry it starts from the fact that it's b.s. don't really know our fashion model so you did a about sorry three percent off garment three stages go into one food because there is lack of really is a very using the fabrics and the garments that we got into working with. that
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realisation led kriti to learn and to diligence other two founders to address the problem of textile waste in india they set up a design label committed to making fashionable clothing from garment waste or up cycling discarded items it's a concept that's been gaining in popularity in the textile industry all over india as awareness rises. and garment waste is not the only problem even more serious is the issue of production waste the textile industry is considered to be india's third largest polluter. environmental implications are worrying the situation is getting worse by the day due to the surging demand for products and the associated use of chemicals the need for landfill space and increased energy and water consumption. entering fifteen. industry used up about seventy nine billion metric
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so that's that's huge and the single t. shirt is about two thousand seven hundred. which is as much as most adults would drink and to us and that is a single tisha. then of course that toxic step in the production. process itself which then impacts the communities around which factories come. to please just founders set up their company in twenty twelve now they have almost twenty employees the process starts with sorting the textile remnants that's when the inspiration comes for new clothing designs. the brand also makes bags and other items and the leftovers of their production go into yet other new products. that's . from delhi something that surely is an encouraging example but is that isn't that
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just a drop in the bucket. that's true i mean the upcycling project is encouraging but it really is very nice you know india's textile industry which is estimated to be worth about forty billion dollars a your beauty has a massive environmental footprint but also the human cost involved just like an evening bank that the issues are very high get a for years activists have pointed out is widespread exploitation and abuse of over a million workers who work in the southern states which is really the heart of india's textile industry and they make loads there mainly for global brands and the workers here are mainly women from from poor backgrounds from low cost backgrounds are very vulnerable to sexual have spent it to petition they often are not paid enough they have loved working us so that does for me in a major problem and. so there are calls for western governments for strong over sides of the western textile industry was draws have me on. the indian
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industry but it is the indian government doing enough to protect its workers well there are laws and pleas that are meant to protect excited workers you know local administrations in tamil nadu have held awareness campaigns sensitize asian campaigns factories are also mandated by law to have internal committees that investigate allegations of sexual harassment but active the see in reality many of these are not used by workers because of fear that they might he was that jobs so the subtly of a long way to go there. in delhi for us thank you. for . absolution in the north of thailand has hit alarming levels authorities are having to provide pollution face mostue delegates arriving for a banking summit in the region thailand's prime minister has been in the chiang mai
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region to discuss the problem wildfires caused by land clearing in exceptionally dry conditions have sparked a public health crisis the air quality index shows the level of the most dangerous microscopic particles at four hundred eighty per cubic metre any level over three hundred is classed as a. despite the dangerous airport quality the meeting will still go on have as planned later this week some three hundred officials from all across southeast asia will be it and that's all for now thanks for watching.
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could come to a point still don't quit your new team comes from the top spot committees or against five drops to second spot on the takes on victory last monday and maybe more small quick to go and see which stocks. ninety minutes on the double. i'm not laughing at the germans because sometimes i am but they stand up and with the time of the budget i don't think deep into the jamma culture of. nudity or take this grandma day out to eat because it's all about who they know i might go join me to meet the japanese on the gulf coast. it's all happening. pretty. sure link tunes from
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africa and the world. your link to inception stories and discussions can you unload some stupid news actually program tonight from funny gemini from the news of easy and while website d w to close the traffic come join us on facebook at g.w. africa. for. all coming president to hamas. head of the london patriotic front to include tiny the rebel army and to the one nine hundred ninety four genocide wasn't when. they was and when to ask of you in me to reinforce that. i knew this blood was up and he was not floating in the troops. but controversial leader to success is beyond question. the timing. of the london tragedy starts able for a long t.w.
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. look at the. place. play. play. this is g w news live from britain's moves one step closer to leaving the european union without a deal the cabinet meets for a crisis meeting after parliament again projects several alternatives to the government's unpopular brogues if the e.u. says that britain must break the deadlock this week or face the abyss.
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