done on plastic pollution representatives from a 175 nations gather in powers to discuss the ways to tackle the problem. as too many jobs, not enough people, wife, businesses in the united states are struggling to fill the position. this is dw business. i'm kate ferguson. and thanks for joining me. united states on taiwan have signed a trade deal sparking a furious reaction from beijing. the agreement and the streamlined customs checks and prove regulatory procedures on the south is on the corruption measures taiwan government, which maintains relations with washington through a defacto u. s. embassy on the island. describe this as historic. now as mentioned, china, which claims the territory of taiwan as its own has reacted angrily to the news. let's take a listen to what a spokes person for the foreign ministry. how to say to them. ginger china family deplores any form of official exchanges between countries that have diplomatic

relations with a type on province of china, including negotiating and signing any agreements of silver and offers the nature of the us government and system negotiating with a democratic progressive party authorities on the so called 21st century trade initiative and dentist on signing relevant agreements, which seriously violates the one china principal. this is a serious violation of u. s. commitment to maintain only on official relations with tyrone. china is strongly dissatisfied with this function. that's bringing stuff on like an economist at the university office and going stuff on strong words. there will china much them with action as well as basing of course denounces the trade talks between the us and taiwan. but the standard procedure and trying to denounce us every high level of government engagement with taiwanda territory that it changes its own. but in the bigger picture, i think if you look at the us china rivalry,

any action is likely to trigger react some. the question is only how much of a reaction, what we see here, and if we look at this trade deal, we will see that there is not too much substance. so if policy makers and beijing rational and i have little doubt that they are, they will see it for what it is, mostly symbolic. and so i don't expect much of a reaction other than a couple of words. okay, so you mentioned that this deal is locked in symbolic. what does that include then? what's in it? well, it's all the free trade agreement and even free trade agreements are a little bit of a misnomer. they don't create free trades, they usually rent move tariffs. if we look at the deal between taiwan and the us, it doesn't even do that. so there are no tablet reductions. what does actually reduce is a lot of red tape. so for example, it allows now for digital or electronic uh, finding custom documents or the online payment of custom and fees. so the

movement of goods and trades is not much attracted. the procedures are a little bit facilitated, but there's not too much in it. uh, the more important and more difficult areas will only be negotiated off to this 1st agreement to sign. okay, so we are very, very far away from anything like a free trial deal here, but to one place on a central role in the global supply of ships. will this deal affect the industry at all? i don't think there will be much of an impact if we look at what isn't the deal. um, there's not much of our computer chips at all other than uh, you know, as i said, the facilitation of customs procedures. but in the bigger picture, in the us, as dependent on asian country supplying the us with computer trips and to taiwan is one of those countries at the ultimate laser. it's career china. and what the us wants is really that the cutting edge production of computer chips, especially from taiwan, especially from

t as some seats is not as taking place in asia, but it's actually sent to the united states. so i wouldn't see this a trade talk right now is the big deal, the big a deal as the industrial policy under the bonnet, ministration, the aims for investments, for example, by t as m. c in the us and for look at what happened last year in december t, as in cx, the announced a $40000000000.00 investment and a new plan in the united states. and i think that's going to attack the global supply of computer chips much more than this deal here. all right, jeff and i get comments at the university of since gallon. thank you very much. thank you. a time bomb at the same time as a scourge today. that is how french present somebody on my call has described the global problem of plastic pollution. his remarks come as representatives of a $175.00 nations baffled the week of talks and powers, and eventually at forming the foundation for a global plastics. tracy,

as we'll see in our next report, the scale of the problem there, tackling can hardly be overstated plastic waste. as far as the i can see, the pressing issue of global significance between 195-2017 over 9000000000 tons of plastic waste as being produced. the vast majority of which ends up in landfills and was it comes to tackle the plastic waste issue on a global scale. the u. n. organizes a unique international treaty. the meeting of 175 nations took place as we can paris. the goal was to push the creation of a binding legal framework to curtail waste. one way to do it would be to limit an assessor use of plastic choking all you cause is a really a need for micro and 90 plastics. and so many hygiene and beauty products much improves and soaps, be liquified and delivered in a plastic containers because essentially,

we're just shipping water around the globe. the target for the agreement is a 90 percent reduction in waste by 2040 as revolt, major international treaties. a key problem will be ensuring that all countries stick to it. and as we mentioned earlier, those talks in paris are part of continued efforts aimed at eventually finding a global plastic tracy. earlier i spoke to chris young, called close co director of the global plastic action partnership out the world economic forum. i asked him how it global tracy on plastic waste would even be enforced. i think it will be up to negotiate or is to find out what are really the mechanisms that mandate and make a binding certain aspects of testing, plastic pollution that all countries can agree need to happen. whether that's on setting certain targets on a recycled content on the sending certain incentives for investment in infrastructure or new business models such as refilling reuse. i think there,

there will have to be of discussion. what are those elements that need harmonized and legally binding standards versus what are elements that have to be up to each country and give them that flexibility to respond to the needs and, and very local specific circumstances that they face. and you know, uh, an indian visa with 18000 islands is in a very different situation then, then a switzerland for example. and, and you, you have to take those local realities into consideration when we do at the global plastic action partnership of the world. economic form is precisely worked with countries and now 11 countries in latin america, africa, south asia, south asia, and south east asia, to help them develop the tools and insights that actually allow them to also implement and that, that the treaty and, and really argue pour in and vicious,

a text now to some of the other double business stories making news, a level. so the prices fell to a 2 year low in may. that's according salacious figures on the u. n. and agriculture organization. yours own countries, books, the trends, so with food inpatient, they're remaining stubbornly high in the rest of the world for the price of some to fell at 22 percent from the peak reached in march last year. the international monetary fund tests for lanka must enforce painful reforms as part of its continued recovery. that comes with economy collapse not to severe food fuel on medicine shortages on triggered months of protests last year. jeff and these authorities have order to open a guy that's the firm behind chop t p t to ask users for permission before collecting sensitive data as part of its machine learning process. the countries data protection agency also says that reserves the right to take further ox. hong kong has introduced new

rules that will allow retail investors to trade crypto currencies. booking the global trend of tightening regulation after last year's market cost. the new rules will enable o license crypto exchanges to take on retail investors from you know, in the united states. the labor sector has remained remarkably resilience. that's a mid high inflation. rising interest rates and concerns over the health of the countries banks, unemployment just over 3 percent is at a more than 50 year low. in many sectors, businesses are even struggling to find stuff of this small coffee, bon berkeley, san francisco is desperate for stuff. just like about us businesses right now. finding work as has become a major issue. it's been a challenge for us in small businesses,

especially within the retail sector as the hourly workforce and finding people to work and the full has strong. while small businesses often don't pay as well as bigger ones, workers like michela slot make focus more and yet most view as well which service keeps policy. i have all those like big corporate things. and i think just even working here for 2 weeks, i find it way better with the management and with how i run, can you get one other to seem like they care more about what they're producing versus like so much. i think that's just way better. many workers in food service left the industry during the coven, 19 pandemic, leaving a get that seems hot to feel for sure, a lot of casual, tiring that's going on, particularly in some sectors like leisure, hospitality, other services which was contact services that we didn't do a lot of, during the 1st of the pandemic,

businesses has had to come up with ways to attract workers and keep them offering more benefits and improving work environments. and finally, air new zealand is hoping to improve flight safety by asking passengers to hop on a scale. for the month of june, it will ask for volunteers to wave themselves while checking in for flight, leaving all kinds international airports. the airlines says the information will be used to calculate average of passenger weights. i useful data points for pilots, one working at the waste balance of an aircraft. it's a short travelers. their weight will not be visible to other passengers for chris um that pops up. i show thank you so much for watching for more you can always check at the w dot com slash business were on the dw needs youtube channel as well . do find us there from me on the entire business team here in berlin is bye. take

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and strongly hours services. be our guest at frankfurt and bought cd managed by from board. the dw news line from lynn dw meet ukrainian troops training and wolf fat preparing to take back cities on the russian occupations as possibly coming ukrainian counter offense also on the program. how do we solve a problem like plastic.