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tv   Business  Deutsche Welle  January 31, 2020 5:45pm-6:00pm CET

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i've been for us all and i still 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 breck's it relationship and there's still a long way to go so one of the issues that need sorting trade is the biggest one i think her 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 exchange 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. 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
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negotiators being freed of e.u. rules is one of the main drivers for brakes it so talks will be tough in my view the e.u. has a symmetrically bigger power when it comes to when it comes to trade each country in the you would be losing one market the u.k. would be losing 27 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. could cuse 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 bracks it taking back control of british waters was a key bracks a campaign pledge but the u.k. may have to compromise if it doesn't want the issue to scupper chances of
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finalizing a deal with the e.u. the u.k. leaving my view was unjustified and therefore i believe that he's going to be at an 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 stance on the ending ending freedom of movement despotic causing trade frictions business is very pragmatic care 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 all skill levels can access the people that they need and whether that well that's in farming whether that's in financial services 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
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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 open as possible so it's time for the u.k. to start striking its own trade deals around the world like with india given the 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. posing a hindrance of migration that has been put off those who say u.k. india deal is possible and aim to make london india's chief trading partner in
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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 on 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. offers to indian the indian counterparts as you pointed out e.u. is of course india's biggest dope trading partner at almost $92000000000.00 and you case much much lower but remember what the your so you can has always been used by indian companies and in those notes meant as a gateway to euro because of historical reasons and of course you can once again access to indian markets and india as a little girl like provided why did you don't relax this immigration policy is one
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of the new trade deal between you in the same of course india itself once how you are treated relations of it in the economic so we often get a pointed out that they want to be a 5 trillion on me by 2025 and fleetly it will play a very important rule in this in this deal but what it occasions are that the indian companies will get a better deal from britain than the e.u. . well again it all depends on what the white house what pans out one of them 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 in exporter of software to do you clear me they were telling me that they are relocating some $200.00 stock out of you to you at the same time the world landrover which is india's india's biggest go. maker in the u.k. what they are doing is they are transferring one of the u.k.
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and the 2 person work here and cutting almost $500.00 jobs so what's the use of 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 of these 2 blocks the offer to india definitely 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 its textiles to you but the problem is the other 2 countries we have nominal parlor they 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 you kind of have the years and that is impacting india a lot is facially i was speaking to a couple of textile exporters and what they were telling me that india has to go
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ahead and sign of the f.t. year with us and as possible as even 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 they're 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. 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 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
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bring back workers from a state where the virus broke out in beijing some foreigners a stuck either the few flights available cost a fortune as had any airlines to fly all their employees don't want them back right now. is one of them head of the e.u. chamber of commerce in china. one of the core of the no fun 1st of all is the airport if primarily for international airline vampi how close we are struggling to consider how to bring all our staff banks are over come to the office on monday asian they have a lot of it and then of course the distribution problems many. religious have located around them on and i'm sitting here in the hotel and b. and i can tell you i'm the only guest right now so if it's not my well i mean i want to experience. hours and be happy. in the economy in certain areas
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particular services in the 1st quarter and that there was a very strong balance for the rest of the year so i envisage a 1st quarter which is not good but again trying to have this rebounding capability so as companies we just have too full of a little trying to cope with is trying to keep people safe people don't 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 the 1.2 percent last year france was crippled by strikes over the government's pension reforms last quarter the demonstrations were full in production and a slowdown in consumer spending and business investment. is planning to take over american truck make a navistar german over maker already owns a 17 percent stake and wants to pay almost $3000000000.00 for the raised acquisition would make trying to own one of the largest heavy duty truck plays in
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the world. unemployment in the eurozone has fallen to its lowest level in nearly 12 years the jobless rate stands at 7.4 percent rates vary across the block with joblessness in germany as low as $3.00 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 youth movement has pulled out all the stops to make itself right up to the edge by launching an ode to joy initiative the european union has traditionally used beethoven's famous piece as a musical representation of the e.u. so 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. . the charts are released later today. in the spirit of the day we want to leave you with a few more boz of beethoven's ode to joy as we say thanks for watching goodbye and
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my stream business with you. i am . glad that i and. my. mum.
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mum. feel.
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they were systematically robbed by the nazis. and after the morning. there were no signs of compensation. jewish art collectors gutted and announced solemn on her 3rd reich didn't steal all these hard works just to get more money it was truman a everything connected to jewish culture today researchers are searching for the missing works of art it's challenging for the experts. and painful for the descendants. of the soul munch to dart and the 3rd reich starts february 10th on d w. i'm scared that the my work that's hard and in the end is a me you're not allowed to stay here anymore we was into that. are you familiar with this. with the smugglers would lie and say. what's your story.
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'd with numbers and women especially in victims of violence. take part and send us your story we are trying in all ways to understand this new culture. not a visitor not a guest you want to become a citizen. in for migrants your platform for reliable information. in the owing of climate change. because most of. us are still. one day years do they have the future. g.w. dot com for the mega-cities for the melting just. click on the counter. this
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is you don't really need lawyer from more countries warn against going to china because all the coronavirus the us is one of the latest countries to tell its citizens not to travel to china where some 10000 people on now infected the world health organization has declared the current virus outbreak based on local emergency all.

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