president challenges the trade in 15 countries in asia, a comprehensive trade deal with china as the rest of the world to make of it show you are willing to go to in order. germany's latest getting dried on the long awaited mammoth trade agreement in the asia pacific region. on

sunday, 15 countries agreed to forge the world's biggest free trade agreement, including 30 percent of the global population, almost a 3rd of worldwide g.d.p. . the pact is set to deliver huge tariff cuts to its and specific rim signatories, the regional comprehensive economic partnership r c. e. p involves the temp member states of the association of southeast asian nations block, or ozzy on which are written i, cambodia, indonesia, laos, malaysia, myanmar, the philippines, singapore, thailand and vietnam and 5 of their partners, australia, china, japan, you zealand and south korea. the trade volume of all of these members is around 11 trillion u.s. dollars. almost one 3rd of all trade. nearly a decade in the making. the regional comprehensive economic partnership for c.b.p.

is historic. many in asia hope it will help speed up recovery from the shocks of the coronavirus pandemic. by lowering tariffs, exports of member countries are expected to grow by more than 10 percent by 2025. according to international think tanks. these agreements signifies that i rage in which has been the most economically dynamic region of the world in recent decades, is still committed to openness and to tried. and that we will use that as a platform and a springboard for recovery in the post covert era. a notable absence is india isn't wanted to join too, but withdrew over concerns. its local industries will be devastated by cheaper chinese manufactured goods, as well as political tensions with china. china is already looking beyond your c.e.p.t. deal to bring asia's 3 most technologically advanced countries. even closer together

for the chandeliers, for the level of integration and stage of economic development in china, japan and south korea are relatively high. so the next step is our 3 countries will try and reach an ore c e p plus free trade agreement based on the orsi e.p.a., agreement, e.p.t. howdah. so to some o.c.d., according to the american peterson institute for international economics, china will be the biggest winner of the free trade agreement. a common criticism is that china is too dominant within the or c p. i would be able to call the shots on important trading terms from japan to new zealand. this fear became much stronger when india pulled out its got more of us from d.w. business correspondent and writing in singapore and iran. china is the centerpiece of this agreement, apart from being the biggest market in the region. why is this deal so important to

beijing? to self its is an extension of china's influence in the region quite obviously. and this deal just cements it all. and china's involvement in the r.c. p. will help boost the g.d.p. of member nations. and while china has bilateral deals, this will be the 1st multilateral deal that china has sucked under to significant economic players of the region aren't part of the pact, india and taiwan. tell us more in that well, for obvious reasons, you know, this deal shows align with the china and including taiwan into the you means recognizing it as an independent nation, which mean no. angus china, on the other hand, india pulled out last november. and a lot of it has to do with general distrust of china, but india also believes that the r.c.m.p. will be a threat to their exports and local production jus to cheap mean cheap. china made

imports into the region. so that's going to be in direct competition with india made products. let's look towards the u.s. joe biden will be the next president. what are members of this newly forged the lines expecting from him? in contrast to donald trump? what it is a major test for joe biden, whether he will or not undo all of the withdrawals from trade and other deals that came under president trump. so what the member nations on looking forward to is the hope of biden carrying on former president obama's foreign policy, which is very strong in asia. and the obviously hoping for the u.s. to rejoin some of the street deals and pecks. and i'm going to finally, what does all of this mean for europe? while the r.c.p. will give way to cheaper goods to go around generally,

and that also means it will benefit consumers in europe. but also broadly speaking, the i.c. piece role and shape in the asia pacific region is an added quest, especially leading to a close call that economic recovery. and that recovery here will also then in tandem lead to a boost, a boost to recovery, post kogut for europe as well. you know, here is under hang in singapore. thank you. and let's move on to w. financial correspondent, chelsea delaney in frankfurt. chelsea, all of markets been reacting to this new free trade war. well, this certainly has been a boost for some of the shares of the countries involved in the steel. we've seen, for example, the nikkei in tokyo rise about 2 percent to a 29 year high. we're seeing similar moves across other asian markets. the shanghai composite us up over one percent. the cost in south korea rose about 2 percent. so

clearly investors are quite optimistic that this is going to lead to a big boost for these economies that are really needing it right now because of the coronavirus economic damage to deliver me in frankfurt. thank you. and now to some of the other global business stories, making the news to have the car to me, it's exit of recession in the 3rd quarter, a strong domestic demand and into exports meant. the japanese economy grew a better than expected 5 percent quarter of the world's 3rd largest economy had contracted for 3 quarters in a row because of the coronavirus and debt korean airlines plans, a $1600000000.00 takeover of india did asiana airlines. a member of star alliance says the partnership would help avoid the fate of several airlines worldwide. travel restrictions due to the coronavirus been demick, have decimated passenger demand and force carriers into bankruptcy. to the

untrained eye view, kim looks like an ordinary racing pigeon buds to one wealthy chinese pigeon racing fan. the bird is worth many times its weight in gold and at auction, the better put down a record price of 1600000 euros for the belgian brad bird. new kim seems to cause i'm quite a fly. germany has been slow to really open its boardrooms to women with only a few serving in high ranking positions in the country's largest companies. but they are being paid slightly better than their male colleagues, according to a study by consultancy. why? the reason women are high demand is companies seek to diversify. many countries in europe have gone back into some swords of the lockdown, trying to stop the 2nd wave of corona virus infections. the measures in germany

include restaurants and bars, staying shut since the beginning of the month, only pick up and delivery services are allowed, which is forcing many eateries to come up with new and vent of solutions. just trying to stay alive. event doesn't usually make traditional german food. and during the pandemic marred summer, he's only catered for a few small gatherings since november even they're gone. so he switched to making typical hearty german fare to go for i'm well prepared because i've been vacuum packing and cooking with the suv waterbath for a long time. now the only thing i had to do was buy smaller bags to make smaller portions. sunday roast to go. it was his neighbor's idea and also his salvation because dollars isn't sure he qualifies for government aid for his lockdown losses. if i can get it,

i'm going to try whether i qualify or not is another story because technically i'm not affected. i don't have a bricks and mortar restaurant, i've always delivered. so i might not qualify at all depending on the conditions, it might not apply to me because i wasn't forced to close a restaurant. once restaurants face financial disaster, they've had to remain closed since the 2nd of november, but their costs remain the same. many operators have invested heavily in the winter business, like because others, they've installed 5 new glass houses where parties of 8 can dine in a warm and coronavirus free environment. they were booked until the end of the year . closing down was out of the question for them, so we're not made for sitting around at home. we have to be here, that's just our mentality. now the premium restaurants team is developing a menu designed for delivery and pick up simple past the dishes,

or freshly baked waffles. the brothers know one thing is certain. they have to be flexible and creative. if they want to survive the crisis, it's not everyone will be able to get vaccinated at the beginning. it's going around the whole world pandemic. it doesn't just affect germany. there are travelers and tourists. there are different ways of catching it. so you can't just be thinking about november when the government promised support. there's also december january, february, march, and so on. time doesn't stand still. that's why we need to prepare for the next 12 months and come up with some great ideas. perhaps the glass huts, when such a bad investment romantic seating directly on the canal, a nice place to dine after the coronavirus crisis. and finally with only weeks to go until christmas santa claus, as found his way to malls across the united states. but even father christmas has

to deal with tight restrictions during the ongoing and there's no sitting on santa's lap this year, less kids get covered instead of toys. this mall in bridgeport, connecticut, sanderson's behind a glass shield of one can still get in a jolly mood. santos still checking whether the kids of the noisy or nice. there's even a pictures of the shell. thanks for watching for more get our website business over. thanks for watching us.

how does a virus spread? why do we panic? and when will all this? just through the tax cover and the weekly radio show is called spectrum. if you would like any information on the crown of virus or any other science topic, you should really check out our podcast. you can get it wherever you get your podcast. you can also find us and dot com slash science. and you'll hear me. no, no. yes, we're going to tell you and how the last 2 years gentlemen starts. now we'll bring

you an angle amount of times you've never heard of have been surprised to. so with what is possible, who is medical really, what moves i want to talk to people who follow along the way. maurice and critics would like to join us from apple's law stops. i don't see that i have a disability that i need, but actually that's not true. i always feel pretty funny. here wants to be a professional dancer. he trains every day with a dance company in germany's black forest region. it's called scene outside earth. seem to hear dancers with and without disabilities perform together. the company doesn't view here its condition as an impairment, seeing instead his artistic potential

last week, first, they stretch and warm up and take time to center themselves. it's a special day for the dance company. to ask the tots the 1st day of the new production puts you on the tour. the 1st performance will be in a few months time to choreographers claim. sanchez and team hope my mom will have their work cut out for them as well. all the members of the group because every rehearsal begins with a meditation group and it would be home and it's hot and the training here focuses not only on producing and.