tv Business Deutsche Welle January 31, 2020 3:45pm-4:01pm CET
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also coming up markets tumble as the w. h. o. declares the coronavirus a global emergency some say the warning comes to light. and been for us all an extra business tonight at midnight britain will exit the european union but this is not the end of break that this is where the real fun begins because in the coming months both will have to negotiate a new relationship during this transition period and time is not on their side. it's a race against time. the u.k. and the e.u. have until the end of 2022 to find their new post brecht's that relationship and there's still a long way to go so one of the issues that need sorting trade is the biggest want to thank the trade relation between the 2 how are we going to trade with each other are we going to have tariffs or are we not going to have types in the way that we have changed goods and services that's going to be i think the biggest thing to do a successful outcome on this key issue will depend on the u.k. agreeing to the e.u.'s calls for a level playing field the e.u. wants the u.k.
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to stick to e.u. rules out of fear that the u.k. will lower its standards or profit from unfair advantages but for british negotiators being freed of this one of the main drivers for bracks it so talks will be tough in my view e.u. has a symmetrically bigger power when it comes to when it comes to trade each country in the you will be losing one market the u.k. will be losing $27.00 markets. there is one element where i think the u.k. has got perhaps more of a say that is in the financial markets and that is basically london this city has served as a major financial hub for the whole of the e.u. as the e.u. doesn't want to lose that expertise the u.k. cook used the city of london as a bargaining chip in the negotiations and then there's the issue of fishing rights that could be a stumbling stone on the bumpy road to bret's it taking back control of british
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waters was a key brics a campaign pledge but the u.k. may have to compromise if it doesn't want the issue to scupper chances of finalizing a deal with the e.u. the u.k. leaving my view was unjustified and therefore i believe that he's going to get their economic cost for the u.k. so the closer we can keep when it comes down to the way we do trade for example the better it's going to be for both of us it's going to be an extremely tight race to get things done by the end of the year. heads a unit goshi ations of the confederation of british industries we asked if she supports london stands on it and ending freedom of movement despite it causing trade frictions business is very pragmatic over here is as it is in germany and for us it's a case of how do we make this walk and it's incredibly important that we get a system of migration into the k. that make sure that business is at skill levels can access the people that they need whether that's whether that's in farming whether that's in financial services
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all the way 3 different skill levels and that's something we're working with the government on at the moment that coming forward with a new proposal about sort of a points based immigration system making sure that we match people skills to the skills that we need to know in our economy and we're making sure that that is as possible so it's time for the u.k. to start striking its own trade deals around the world like with india given to 2 nations historical links you'd expect them to have strong trading tights their trade is quite small compared to the european union's total british indian trading goods was worth around 15 and a half 1000000000 euros back in 2018 that's just enough for the u.k. to almost sneak into india's top 20 trading partners but the e.u. is by far india's biggest trading partner with around 92000000000 euros changing hands in goods still india and the e.u. have been able to strike a free trade agreement themselves the u.k.
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posing a hindrance of migration that has been put off those who say educate india deal is possible and aim to make london india's chief trading partner in europe plenty could stand in the way at least questions of intellectual property food safety and immigration. well reported dave chat a g. joins us from mumbai now india is among the countries in the u.k.'s government's target list for a new post sprague's a trade campaign what will britain be able to get out of india that the e.u. couldn't. finally depends on what kind of migration immigration policy is a good. first to indian the indian counterparts as you pointed out e.u. is of course india's the biggest trading partner at almost $92000000000.00 and is much much lower but remember always that yours has always been used by indian companies and indian businessman as a gateway to israel because of historical reasons and of course you can want to
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access to indian markets and india as a little girl i've provided so why did you could cause i don't relax this immigration policy is one this is the nuclear deal between you in the same of course it. was higher there are trade relations with the economic story of india today pointed out that they want to be if i didn't fall on me but 2025 and sleep will play a very important role in this. deal but what indications are there that indian companies will get a better deal from britain than you. well again it all depends on what the white house what pans out one of their own for one of the top indian company told me today the c.e.o. of the indian company told me that there is a lot of uncertainty late now or grades that for example t c years which is india because they were in exporter of software to do you clear it knew they were telling me that they are relocating some 200 stock out of you to
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you at the same time the world landrover which is india's india's biggest door. maker in the uki what they are doing is they are transferring one of the u.k. and the 2 person who are here and cutting almost $500.00 jobs so what's yours are basically worried about is the disruption which may have come because of the immigration policies which you can follows along with you saw a lot depends on what kind of migration policy in these 2 blocks so offered to india really briefly if we look at the benefit india's biggest manufacturing potential is textiles and the e.u. would be the bigger market that's that's a no brainer absolutely africa india is exporting almost 45 per cent of the textile to e.u. but the problem is the other 2 countries we have nominal bangladesh not only exporting 5 bigger textiles to e.u. but they're also getting tax free status india and you have still not sane and the
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kind of where he is and that is impacting india a lot is officially i was speaking to governor of textile exporters and what they were telling me that india has to go ahead and sign of the f.t. year with you as soon as possible as you may be aware the f.t. agreement between india and you is now pending since 2013 and is negotiation in these 2 blocks a negotiating deal since 2007 so it's certainly something in the end you need to work on as soon as possible if challenged thank you very much for joining us on a sure thing. stock market slump after the world health organization declared the spread of the corona virus a global emergency w.h.o. with officials made the announcement after hours of discussions in geneva but they praised china's handling of the outbreak and oppose any restrictions will try to movement in the country as the events take their toll on global trade travel oil demand is expected to fall by over $250000.00 barrels
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a day in the 1st quarter oil prices have already taken a hit. in the united states is a buzzing against all travel to china germany has launched an evacuation mission to bring back workers from who by the state where the virus broke out in beijing some foreigners a stuck either the few flights available cost a fortune as had any airlines of flying all their employees don't want them back right now. is one of them head of the each chamber of commerce in china. one of the core of the no fun 1st of all the airport is primarily tools for international airline vampi how close we are struggling to consider how to bring all of the offspring show become to be off of them on the asian they have a home 'd office and then of course the distribution problems many counties and even religious have caves around them on and i'm sitting here and i would tell them to be and i can tell you i'm the only guest right now so if it's not my well let me
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die i want to experience. 3 dreams ours and be happy. in the economy in certain areas particular services and the 1st quarter and that was a very strong rebalance for the rest of the year so i envisage a 1st quarter which is not good but again to have this rebounding capability so as companies we just have to full of play a little trying to cope with this trying to keep all people safe she was all comfortable doing them hope for the best for the rest of the year but the 1st quarter is pretty much grim. now to some of the other business stories making news the french economy is slowing down growing of 1.2 percent last year france was crippled by strikes over the government's pension reforms last quarter demonstrations for a full in production and a slowdown in consumer spending and business investment. is planning to take over american truck make-a navistar the german over maker
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already owns a 17 percent stake in wants to pay almost $3000000000.00 for the raised acquisition would make trying to own one of the largest heavy duty truck plays in the world. unemployment in the euro zone has fallen to its lowest level in nearly 12 years the jobless rate stands at 7.4 percent rights vary across the block with joblessness in germany as low as 3.2 and as high as 16 percent in grades. and before we go on the day that britain finally leaves the european union the u.k.'s a huge movement has pulled out all the stops to make itself right up to the edge by the winching and ode to joy initiative the european union has traditionally used beethoven's famous he says a musical representation of the e.u. remain is have been buying and downloading hundreds of thousands of copies by underneath you to stop the u.k. singles chart on the same day as the u.k.
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mobility show every week on w. this is the delphine's live from ballet and more countries want to dance to going to china because all of the coronavirus the u.s. is one of the latest countries to tell its citizens not to travel to china where some 10000 people are now infected while health organization has declared the corona virus outbreak a global. also coming out.
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