down on plastic felicia representatives from a 175 nations gather in paris to discuss the ways to tackle the problem. of too many jobs, not enough people wiped businesses in the united states are struggling to fill position. this is the company business. i'm kate ferguson. the thanks for joining me. united states on taiwan have signed a trade deal sparking a furious reaction from beijing. the agreement and to streamline customs checks and prove reckless re procedures on the stop as anti corruption measures. taiwan government, which maintains relations with washington through a defacto us embassy on the island. describe this as historic. now, as mentioned, china, which claims the tire tree 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 phone ginger, sign of family deplores any form of official exchanges between countries that have

diplomatic relations with the type on province of china, including negotiating and signing any agreements of silver and offers the nature of the us government insist on negotiating with a democratic progressive party authorities on the so called 21st century trade initiative and dentist on signing relevant agreements, which seriously violates in one china principal. this is a serious violation of us commitment to maintain only unofficial relations with tyrone. china is strongly dissatisfied with the assumption that spring and stuff on like an economist at the university often got and stuff on strong words. there will china match them with action, as well as basing of course denounces the trade talks between the us and taiwan. but better standard procedure and trying to denounce has a very high level of government engagement with taiwanda territory that attains its own. but in the bigger picture, i think if we 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 it's 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 largely symbolic. what does that include then? what's in it? well, it's not a free trade agreement that even free trade agreements are a little bit of a misnomer. they don't create free trades, they usually re 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 is actually reduced 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 of the fact that 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 tawan plays 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. there's not much about computer chips at all other than uh, you know, as i said, the facilitation of a customs procedures. but in the bigger picture, in the us, as dependent on asian country, supplying 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 us some seats is not just taking place in asia,

but it's actually set to 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 bottom administration. the aims for investments, for example, by t as some see in the us, and look at what happened last year in december t as some cx, the announced the $40000000000.00 investment in a new plant in the united states. and i think that's going to affect the global supply of computer chips much more than this deal here. all right, jeff, i'm, 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 comes to tackle the plastic waste issue on a global scale. the u. n. organize the unique international treaty, the meeting of what a 175 nations took placed 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 reuse 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. i keep problem going, 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 you on talk was 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 a taxing plastic pollution that all countries can agree need to happen. whether that's on settings are some targets on a recycled content on the sending certain incentives for investment and infrastructure or new business models such as we feel and reuse. i think there,

there will have to be a 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 the 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 the switzerland for example. and, and you, you would have to take those local realities into consideration when we do at the global plastic action partnership with the world. economic for him 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 the treaty and, and really argue apart. and then vicious

a text now to some of the other double business stories, making news to levels food prices fell to a 2 year low in may. that's according to the license that goes on the u. n. a soccer culture organization. yours own countries, books, the trends, so with food inpatient, they're remaining stubbornly high. in the rest of the world, the price of food fell at 22 percent from the peak reached in march last year. the international monetary fund tests re lanka must enforce painful reforms as part of its continued recovery. that comes with economic collapse not to severe food fuel on medicine. the shortages are triggered months of protests last year. japanese authorities have order to open a i, 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 try to crypto currencies. booking the global trend of tightening regulation after last year's market cross. 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 on the atmosphere, a service 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 the money? 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 there's a lot of casual tiring that's going on, particularly in some sectors like leisure and hospitality. other services which are close 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 sleeping, all kinds of international airports. the airlines says the information will be used to calculate average of passenger weights. i useful space a point for pilots, one working at the weight balance of an aircraft. it's a short travelers. their weight will not be visible to other passengers for chris um that pops up our show. thank you so much for watching for me or you can always check out 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 portland is bye.

take care the the, the

plain view. it's an absolute taboo in kenya. but lovely almost doesn't care. the pioneer and musician has always been a leader follower, inspiring her fans in her home country and all around the world, the bedframe. in 30 minutes, w. 5000000000 plastic bottles are produced by the drinks industry every year. weld wide. a quarter of this comes from coca cola the company wants to do more for the environment and promises to recycle every buffalo

sold by 2013 green washing or real change coca cola and the plastics problem of the 75 d w. how many portion of loads us are now in the world right now? climate change. if any cost of storage space is much less the waste from just $1.00 week, how much was going to really get we still have time to act on doing the flux. the subscriber for moving is like highly toxic asbestos. it's been banned for decades in many countries. damage cost to people in the environment is catastrophic. which takes more than

a 100 years to completely dispose of all this best those containers use here. i found him and tell you the never ending story of asbestos starts june 21st on dw, the business day that we can use line from the man dw meets ukrainian trips trading in the oven wolf at separate patterns, take back searches on the russian occupations. foster coming ukrainian counter offensive also on the program. how do we solve a problem like plastic negotiators from around.