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tv   Business  Deutsche Welle  June 24, 2019 4:45pm-5:01pm CEST

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smoke which all deep fried as you like your way or your pen said to resume commercial whaling and is going up. and going for let's do business side up or face the force of more sanctions that's the message for this monday from you where special representative for iran brian hawk he says washington is willing to restore diplomatic ties and lift sanctions if tehran is willing to do a deal iranian officials say the new u.s. sanctions will have no impact but that's not the reality. iran is feeling the pinch the reintroduction of u.s. sanctions has had a crippling effect on the economy the value of the reale has plummeted pushing inflation to over 30 percent and u.s. president donald trump's attempt to destroy the country's oil industry is having an effect to the influential middle classes are among those hard hit. dang it
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is the economic war is a reality and people are under extreme pressure they keep on telling us to be strong but we can already hear the sound of our bones breaking under this pressure . some iranians are being pushed below the poverty line. as far as i can see people's purchasing power has been more than halved anyone earning between 1000500 to 2000002 months a month between $36.48 u.s. dollars who also need to pay rent won't even be able to afford to buy bread and potatoes is unimaginable. the work of the lifting of sanctions in 2016 spurred rapid growth of more than 12 percent but their reimposition last year dealt a massive blow the international monetary fund is forecasting the iranian economy will shrink by 6 percent this year. the withdrawal of foreign companies has also driven up and employment european firms that have left include car makers maceda.
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but smaller firms are also becoming increasingly wary of doing business in iraq. should iran follow through on its threat to enrich uranium beyond permitted levels the nuclear deal could collapse entirely in that case u.n. sanctions would also be reimposed a move that could bring iran's economy to its knees. the managing director of the german brainy and chamber of commerce in tehran is. joins us now iran's brushing off these new sanctions as if they won't hurt obviously that's going to be political posturing because how dire is the economic situation for iranians right now but yes well the only economic situation right now it's really a horse you can say the sanctions or hit you're on really direct there with regard to inflation in this regard to currency devaluation this in
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regard to the unemployment situation is really really serious here in a country. is getting desperate the economy is shrinking inflation is skyrocketing will these new sanctions make make such an impact that they force the leadership back to the negotiating table because that's the u.s. strategy here. yeah but you know it's it's hard to predict because the sanctions are hard so far so i don't think that any new sanctions will change the situation and you may not forget that this country and its government it's really trying to resist all this is spreads from the outside though i don't think it will have a big change in this situation to have new sanctions now how's this all affecting trade between europe and iran yes it's affecting trade
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really really deeply because all especially churman companies who are really willing to to to be in this market and to do trade and investments in iran they face real big problems this regard to fearing to lose the u.s. market this regard to money transfer which is really difficult and especially costly if you find a very. and it's you may not forget right now the situation in iran is that foreign companies. really have to have a very difficult day because iran is heading for a resistance economy so foreign companies for foreign companies it's still more difficult and more hard to to enter this market but just briefly there are ways around it german businesses for example can theoretically continue to do business
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in iran. yes they can they can if they find a way you know to transfer money to to if they find up bank who is still. being with them then it is possible because you may not forget europe in term in the they didn't reactivate the u.s. sanctions against iran so we could do lurk but it's really hard for german and european companies to go on. and thank you very much for being on the show you're welcome to buy. deila has cut its profit forecast for 2019 it's the 3rd time this year that the german com makers have to do this the same spins parent claims a higher than expected bill for software upgrades of diesels out of the continuing fallout of the emissions trading scandal the warning comes at a decisive moment the company's new boss order to play in the us has been summoned to berlin along with other auto industry also to discuss the future. so it's down
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to one woman german chancellor angela merkel and a whole lot of men in suits to decide the road ahead for germany's most important industry 800000 people work in the casa if they hear that in mind the c.e.o. taxpayers should fund their shift to clean attack. this is the 1st electric car made by mercedes the e.q. c. will be available this fall it will streets however the plight of the german automotive industry they opted for electric vehicles very late now they're playing catch up with a little help from the german state. ahead of the car summit german economics minister peter meyer called on all car manufacturers to cooperate he wants to make germany the world champion in the construction of environmentally friendly cars for their part carmakers have demanded financial support from the government they say
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the state should offer incentives for motorists to buy eco r.'s because they are an average 10000 euro's more expensive than gasoline or diesel cars the government should also aid the construction of charging stations in residential areas like supermarket parking lots and motorways and they're pushing for all public vehicles to be eview goals germany's most powerful auto lobby argued in a newspaper article that these measures can be made affordable at least partly through putting a c o 2 tax on conventional cars the aim would be to encourage drivers to switch to eco ours but environmentalist say that doesn't go far enough greenpeace for example demands a ban on the sale of petrol and diesel cars as early as 2025. and so to our financial correspondent frank that ashutosh pundit a about this as it does i find it extremely interesting that all of this aims to be folding on the motorists not
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the big auto companies you've got these driving bands the older bosses want taxpayer funds to basically funds they shift to clean it's a. yes for certain ben this seems preposterous as far as the taxpayers a concern especially when you look at the cost of these a gate for folks who are going alone 30000000000 euros and that money would have been you easily used to. fund most of the things that these automakers are now seeking from the government having said that is very crucial to the german economy and the german government would be more than happy to help them out and build them out of a tough situation at this point of time just how much help do they actually need i mentioned don was a profit warning you see just before. but they need some support because these are actually the rough times for the industry there is a slowdown in china it's a key market for the automakers from germany and also the fact that they're
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struggling to meet the deadline for emission limits set by the e.u. that's in 2020 when it kicks in so these are actually tough time for them to deal with it a rough road ahead for the comic is actually just monday for us in frankfurt thank you very much. and if it comes out of the ocean and the role you'll find it on the japanese made you even while meet the country brazil's commercial whaling next month supporters worry about food security for the other nation but the question is whether there's even a bucket for it once a national seafood staple in japan whale meat has been in short supply since 1906 when a global ban on commercial whaling made the meat a rare and more expensive item. but in a few fishing villages like minami both so located about 100 kilometers south of tokyo where meat still plays a role for the local economy. i married into this family 10 years ago and took over
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the restaurant business back then our customers are either the older generation as are tourists travelling on motorcycles but now we have many families with small children that visit our restaurant without. right now some. for decades japan's whale supplies have come from annual expeditions to the antarctic ocean where a certain number of whales were allowed to be caught supposedly for scientific research purposes in reality most ended up on plates something for which japan has faced intense criticism last december japan withdrew from the international whaling commission so that it could hunt for whale in its own waters again however whale meat accounts for just north point one percent of all meat sold in japan and there are thought to be just 300 people connected to the country's whaling industry. to stake anything more historically speaking the connection between japanese people in
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wales has always been strong but whale meat is far less popular than before pork now i think that's a crisis not just for us but for the japanese people looked at the hand. although those still connected to the well again this tree would like to see an increase in demand for the meat it may well be that the ship has sailed on a practice that has become more associated with controversy than culture. nice doing business with you.
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