the, there's a sign the suit taking is the correct cool to set it will review the evidence before it can confirmed by the to be the new record holder. still with even nigeria is taught politicians expressing the congratulations she has definitely secured, took place as a local hero. it's already coming up next on the w. europe in india. get together to tube trade and technology. chris. cobit has the details in your business updates in just a moment. i'll be back at the top of the, of the day the . every jenny is surprising. we've gone all out to give you some time one day in the footsteps of the right people in your northern most count

the police the free time, but still very much alive. your guy to the special in germany recognizes where exactly it was fun. learn a lot of our culture history, all their travel extremely worth a visit, the a feel good meeting with a little bit of an inch as india and the european union and hold their 1st ever trade and technology summit. a correspondence will tell you what each side wants to get out of. also an issue of the european bank for reconstruction,

band development floors. it's a comic outlook for most of the countries. services across 3 continents will tell you what's behind the 1st couple of welcome to the program. european commission officials and senior engine ministers are meeting for the 1st time ever. for a trade and technology summit, 2 other ones, largest democracies will be keen to boost cooperation on everything from artificial intelligence, to digital governance to climate saving technologies. the u is playing catch up on tech partnership with india. the u. s. has already a similar and brussels will have to navigate through any trade issues, such as a planned levy on foreign businesses selling their carbon intensive where's within the $27.00 country block? for more or less spring and dw correspondent rosie bird charred in brussels and the charo car to k in delhi, rosie, let me start with you. tell us more on why the us so keen on holding the summit.

well, it's no secret that brussels is very much on the lookout for new partners. and this is the 1st meeting of this format. so it's also an opportunity for high level ending and the new politicians to get some face time. a no, neither too big democracies with big ambitions on, on their agenda, according to your officials. i've been speaking to that we discussing corporation on a digital technology. so high performance computing a corporation and exchange on send me conductors even on waste management. so of course, there's some big point here which is that the e u has advanced research and innovation on technology industries. so does india, but we're, india is really ahead, is when it comes to workforce and manufacturing capacity. so if you speak to some business leaders in groups, they'll say, well, this is simply a match made in heaven and a very attractive offer. tennessee for the you to proceed from a business perspective, a charo over to you and delhi. what does in do you want india,

i want to get out of this as well it's, it's generally seen as an attempt to a get another attempt rather to deepen the trading relationship between india and europe. now, cuz we all know that the talks photo for a sort of free trade agreements between india and europe and union have been going on for 7 years now. in fact, they were stuck the talks with store for several years, but they've been recently renewed and india is very keen to see those talk to in fact a foreign minister, j stronger who's adding buses right now has gone to the as i said that this would be a game changer if the free trade agreement could come across. so essentially, and you guys deem to deepen its trading relationship with your pin union. and in these, especially in these areas of technology and trade. therefore this, this, a counselor was a setup uh, and it was announced last year and during the slip on the lens visit to india, chris rosie back to you and brussels as much as both sides. want to sell this as a feel good moment. there are differences in major one is the used carbon bore

border adjustment mechanism. a tell us more on that. you're right. it's not of happy families here and the you is on a big mission. it says to try and make polluters pay. so as claimant policies get more strict within the european union, there are fears of what's called carbon weekends and not square of businesses would simply relocate carbon intensive production outside of the year, where there are less stringent policies in order to cut costs. so the european unit has hires new policies to try and call don't know, not by essentially making it more expensive to import carpet and types of goods. for example, cement steel of that is raising a big bone of contention between these 2 sites. a charl. why is this so much of an issue for the indian government? the o into is really wario state. in fact, it is almost looking into is almost looking big. looking at this as a trade in value, in this point is that this law is,

is going to increase the cost for india as exporters, and especially of exporters of the energy intensive products. you know, there's, there's, there's see you, there's a medium, the se meant that fertilizers, so there are a lot of products and a lot of exporters which will be affected. the debt price is going to go up. india has said that this is unfair, and many analysts feel that this might even force you to explore those to look at other markets where so it's taxes do not exist. so it's, it's almost very, very trimming sort of a close for the trade relationship between the 2. but because it's r o, if this mechanism is such a touchy issue for the indian side, what our officials then making of the us foreign policy to use a joseph burrell saying in an interview that the block should crack down on india, re selling russia oil. russian oil into europe as refined fuel to

what chris engaged yet to respond to that done. we uh we, we get to see if uh, joseph brown is personally going to take this up with the foreign minister institution. good yet. but uh, it is being believed that the statement is more about uh, you importers then about india. because if you look at his statements closely, he said that he is the indians. so it is because someone here is buying and we have to look at who is buying. so it looks like both of these lovely addressing the importers in you who, by process crude oil and which, which one of the suspects, or you suspects that in the, is coming out of the crew that it has been buying from russia. rosie back to you in brussels as the you once to the risk, but not the couple from china is in the likely to function as an alternative, equally important trade partner. well, as i say, i think the scene is an attractive partner here in europe and not only for those

reasons i mentioned, but simply because for the simple reason, but it is not china. brussels is trying to diversify its supply chains away from dependencies on beijing. and i think india certainly will be part of that. although that relationship brussels has with beijing is so expensive, it's unlikely that india is going to be able to replace the supply chains in all areas. for example, the use looking to north america, when it comes to replacing supplies of critical role materials. they're both, i'd say they want to move ahead to your button. there are no breakthrough expected when it comes to that free trade agreement that char, we mentioned. so if they want you to different types even further, that would be a next step which is not expected to be any sort of a breakthrough or any sort of a big move. i'm not from that cheese. these talks, dw correspondence, rosie bird charge, and brussels and charl card to gain daily. thanks to you about to the european bank for reconstruction and development of financing and supporting projects in

almost 40 countries across the 3 continents, not mid high energy price is elevated inflation and increasing borrowing costs. many of these countries roles, economic growth retreat this year the bank says and its latest forecast with some notable exceptions. the destructive forces, on least by restaurants, invasion of ukraine continue to recover on global economies. but developing regions from the southern mediterranean to the baltic states spice a particularly hard fight in its latest report. the are the terms of regional growth forecast for 2023 by 0 point one percent to 2.2 percent. inflation high energy prices and types of credit conditions are in smearing emerging europe and beyond. we see that in the emerging europe, households are just getting by. majority of households are just making the ends meet. about half of the household are unable to safe. and while in western

europe, there is a lot of discussion about the cost of living crisis. emerging europe is feeling the pain more severely simply because these countries are poor. the are the forecasts, slower growth in eastern europe and congress us this year. but just like center lays out, expect it to grow more strongly in central asia, is the region that has received an influx of capital and labor from russia. many i to companies have relocated here from russia. this is also the region that is benefiting from remittance is sent to by migrant workers who are working in russia . and these remittances have remained strong because the labor market in russia has been quite strong. the b i. d is more upbeat on to momentum into regions in 2024, picking up to 3.4 percent. presuming impression eases a

landmark deal allowing the safe blacks the export of the cranium. grain is due to expire this week, and it's still open whether it will be renewed. the agreement between restaurant ukraine brokered by turkey and the united nations allows ships to bypass the rushes blockade of the ukrainian coast. the expand of military call up to the ukrainian army has made the most important times of the farming calendar, sewing and harvesting seasons, even more to a country road in don't bus pharma . you really pianos was headed to his fields the another attack next to the village, but found got a truck is on its way. here it comes. so we control machine is spring fields. the situation

is a bit better and central ukraine. that's where dutch farmer he's wheezing. a manages large tracts of land. he needs work as a consult for a large machinery. but his short staffed around 40 of his $350.00 workers are serving in the military. our main, a guy who does the repairs of the machinery in the fields. he's been in the army already since the very beginning. so he's very fast and repairing machines. you know, you can find if a tractor is broken, you can find a solution very fast. and then within 5 or 10 or 15 minutes, you have to track that running again. and when you guys going to take him one hour, one and a half hour, you know, like we cultural projects as ukraine's main export. and the country relies on the revenue. that's why skilled farm workers are exempt from being drafted into the army. the situation is dire. i think that then or all the firms all over your brain,

i think in general and efforts they last. last, like up to 15 percent, around 15 percent of their labor force to the army. the war meant, the farmers couldn't plan seed in the spring harvest. i devastated ukraine's week production is expected to be half of what it was before the war begun. and here's a look at our top story. european commission officials and senior indian ministers are meeting for their 1st ever trade and technology summit. 2 of the ports, large democracies, are keen to boost cooperation on everything from unofficial intelligence to digital governance, to climate staging technology. and the social for more check out our website at www. dot. com slash business on 1st. coburn berlin. thanks for watching . a very successful the

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