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tv   Business  Deutsche Welle  May 30, 2019 7:15pm-7:31pm CEST

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u.s. is searching for 21 people missing after side seeing both last night redundant and good fast 7 people are confirmed dead and 7 others were saved after the boat was hit by a larger vessel in top level. on top of the university has paid tribute to the german chancellor angela merkel by awarding her doctorate chancellor merkel is due to give a commencement speech just under 2 hours from regrets when you hear a lot of data. for the jobs house side business africa and just about without the rest of the top of the hour i'm going to. rock n roll. down the synth with us damage by the church. i know
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the evil feeling that you feel when you fight. your past so. stop no one is more popular than jesus was. rock and religion clash that brings many levels to late. for the 2 religious songs you're reconcilable card devil killer. june 17th w. it's time to kick off the world's biggest free trade area of the african continent a free trade area came into force today but some major players are still missing we go live to nairobi for the latest also on the show what to do about all that plastic waste don't send it to malaysia was prime minister. telling wealthy
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countries to keep their rubbish to themselves. and to china's favorite alcoholic beverage arrives for cocktails in a trendy berlin bar but will germans buy by jew. welcome to business africa i'm going to get jones and bill and got to have you with us now and big day for trade within africa the african continent a free trade area came into force today its main objective to create a single continental market said to be the largest free trade zone in the world $52.00 out of $55.00 african union countries have signed on and about $22.00 have ratified the agreement now the potential market covers more than $1200000000.00 people including a growing middle class with a combined g.d.p. of almost 3 and a half trillion dollars and hopes are high by 2022 the agreement is expected to boost trade between african countries but over 50 percent it will eliminate
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imported duties hopefully creating new jobs and investment but there are obstacles nigeria one of the strongest economy on the continent hasn't signed up to get by there have been or every trio doing away with borders customs and bureaucracy on the african continent to stimulate the economy is easier said and signed than done it seems now for more let's cross over to joy the rain barrel he joins us in nairobi joya good to see you so this big african continent free trade area kicked off today what's changed. well we can say for sure that things have changed as of to date because what we're seeing is that they're just about 27 african countries that are now allowing fellow african citizens to climb into their countries these are pre but that said i think for the african continent since the 15th century what we have seen we've traded on the
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african continent is that it has been directed outside of the continent and so the africa continent of free trade area coming into force today is actually meant to redirect that trend back into africa so we can be able to treat freely amongst ourselves in the african continent if you look at what countries are exporting outside of the continent kenya for example exported goods to the united states what $500000000.00 in just a single year the same country that is kenya exported goods worth $1000000000.00 to europe but if you compare that to what explorers to a country like pierre there was just a paltry $69000000.00 and sort of the continental free trade area is seeking to increase treaty with african countries say by about a 1000000000 dollars a year right at that sounds really great so tell me why does the strongest economy
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nigeria out why why hasn't it signed on to this yet. well nigeria. first of all the most populous country on the continent and also that means it's the single largest economy in africa and so it's trying as much as possible to make the most out of it the president has previously said that the reason why the taking time is to allow public participation in the country for nigerians to be able to understand what's going to change after they ratify or become signatories to the trade agrement but this is taken longer than expected you know they also said that you know they were seeking specific technical assistance and also. against external shocks should there be any where the countries are not how an izing in terms of border controls as well as other trade abdomens or i just very briefly joy
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how big an impact does this delay of nigeria joining have. not much of an impact if you're going to look at the bigger population on the african continent $1200000000.00 people on the continent that's about $2.00 and us dollars whether g.d.p. saw in nigeria at delaying is actually a disadvantage on its part right joy the reindeer are there in nairobi for us thank you so much. now then kenya of course was the 1st to ban plastic bags that was last year tanzania will be following suit next month other regions still have a long way to go to stop the avalanche of plastic waste malaysia is also a major plastic waste important but now the country's prime minister has taken a stand against the wealthy countries who produce most of it. plastic has been making the world go round for decades but the bulk of it is not properly recycled
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most of it is produced by the world's richest countries and they have grown accustomed to shipping their wares problems to poorer countries for disposal last year malaysia was the world's biggest plastic waste importer but it's had enough and announced a ban on the practice earlier this week speaking in tokyo on thursday malaysia's prime minister issued a stark plea to the rich nations of the world you know prudy seen too much we and you have a problem trying to get rid of the weeds len fields and all that doesn't serve any purpose anymore you can a burn their ways because of the the small and all the pollution bulletins so you idiots corsi and pay for research and police to send their wishes to pull countries simply because the poor countries have no choice may be going to be silly to their economy the top 5 exporters of plastic whereas last year the usa germany
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japan the u.k. and belgium are among the world's wealthiest countries china used to account for around 50 percent of the world's plastic imports on till it issued an all out ban and 2017 since then malaysia has become the world's number one plastic wisdom porter followed by tightened vietnam hong kong and the us. much of the plastic waste that's been arriving in malaysia for the last year can't be recycled making it more likely that it will simply be dumped one day. lease you membered there where you put blue went by the word you will pollute goodness or the world's will tile and feared now are expected to soon follow malaysia's ban but the flow of plastic west probably won't stop as a result wealthy countries will more likely simply seek out a new home for us. and now to some other business stories making the news.
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discount a german supermarket ality is to open its 1st 2 stores in china next week its flagship operation will be based in shanghai the retailer already launched online sales and the world's 2nd largest economy and 2017 including china has over $6200.00 stores in 11 countries including the u.s. and australia. car production in britain was hammered in april output fell by more than 44 percent year on year factories shut down to sidestep the risk of a potentially chaotic no deal breaks it in march when britain was originally planned to leave the e.u. the latest date is the end of october. the head of a japanese business lobby says a planned sales tax hike should proceed as planned in october japan needs revenue to pay for bulging welfare costs and could the industrial world heaviest public
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debt burden a number of influential role makers had suggested perspire owning the hike on concerns it could take japan into recession. it is father's day here in germany and many dads out enjoying a drink or 2 with friends and family well those in berlin could even get a taste of china's most popular lick here that is called by jew it's hardly known outside of china but a small group of foreigners is trying to change that. by and few of robert fruit his clients in berlin might have ever heard about it and that is although it is the most popular liquor in the world hundreds of millions of chinese regularly drink it is a must to tranquility booze and usually drunken straight shock will inform and grow the truth or has long been known for his creative cocktails but the grain based
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liquor has been on his boss for just a little over a year. who're i don't think i guess would be open to straight by joe but it works well in mixed drinks especially with fresh juices it has a very interesting note something that's very hard to define what bible and he is trying out new recipes together with mathias he got the german has been living in china and is a co-founder of ming river by joe designed for the world market bomb and robert is one of their 1st customers. in fact in the 1950 s. vodka came from russia to the west in the 1970 s. tequila from mexico made it recently mescal which is basically a smoky tequila also did this logically by joe would be next it is the last big spirit catch agreed to remain unknown and moreover it is the biggest of the it was a category that of it is. dark all is made in lou joe a small town in southwestern china by joe is traditionally served at banquets expensive bottles are used to bribe officials but
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a few years ago president xi jinping kicked off an anti-corruption campaign. in 2012 there was a new policy budgets for official spending were cut and that affected the by your market after 2012 we had a steep decline in sales i just. thought i should. die by jewish fermented in mud covered earth pits that can be several 100 years old they give it a very special earthy aroma something most westerners find hard to adjust to it was 1000 years old and we were one of these outer barbecue places in beijing drinking beer and some chinese people the next table gave me a small glass of something out of a little green bottle said don't drink your drink this so i had it i thought it was the worst thing i had ever had in my head at that. but with time you started to appreciate there are hundreds of brands and types of by joe this distillery alone produces dozens of brands that range from
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a few euros to several 100 euros per bottle depending on their age by joe has embarked on the world johnny and drinks have to be created from scratch. it is not bad but not as smooth as a choice of. this could work but this one is too dense it needs more and more water . their hope is that one day buys or will be found on bosh herbs just as naturally as whiskey vodka. well just to that and that is your business update on business africa here on t w for me and the team as always thanks for keeping us company and if you want to find out more just go online follow us on twitter and on facebook thanks for joining us.
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what secrets lie behind me is me. find out in an immersive experience and explores fascinating cultural heritage sites. d.w. world heritage 360. i
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was fishing when i arrived here i slept with 6 people in a room. it was hard i was for. i even got white hair. learning the language ahead now a lot this gets me and they go but you need be to. intra let's say you want to their story lines are fighting for a little information for margaret. this is news africa coming up in the next 15 minutes south africa's new cabinet has been sworn in most of the faces will be familiar to south african solo mold noticeable is that there are more women but has president sort of managed to rid the fact of all corrupt elements. and the off work made out of calm down we have
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a revolt on one does. how would survive the $9094.00 genocide and the women preserving its today.

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