the us and mexico agreed to a sweeping trade deal to revise the key portions of the north american free trade agreement, but will canada fall in line? and in cambodia, local drivers are dealing with tough competition from rival model riding in from india. welcome to asia business report. president donald trump has struck a trade deal with mexico to revise key portions of the north american free trade agreement and should finalise it within days. this puts pressure on canada to return to the negotiation table, all walk away

willingness to in the words of the spokesperson for the foreign minister modernize the north american free trade agreement but there are unique things that canada wants to put forward and you have to remember that canada also wields an awful lot of power in order to change the north american free trade agreement between all three parties canada must sign on so each side certainly has a convincing argument has some power and has some cards to play the question is whether it can be done in this very tight time frame given the fact that mexico and the united states took five weeks just to come to the conclusion with regard to the auto sector and a few other modernization issues now we're talking a matter of days with this deadline for all of this to come together by friday is certainly a lofty order it's a tall order but it's one that both sides seem to be rolling up their sleeves and trying to accomplish but it is going to be a difficult goal kimberly how could on the prospects of her advised enough to thank you. scientists say chronic exposure to out air pollution may harm the way your brain processes info

two leaders jointly announce their breakthrough bilateral deal changing parts of the north american free trade agreement that trump says hurts us worker i like to call this deal the united states mexico trade agreement i think it's an elegant name i think nafta has a lot of bad connotations for the united states because it was a rip off. the now after agreement was signed twenty four years ago between the united states mexico and canada it saw many manufacturing jobs move south to mexico as a result where labor was cheaper one of the worst trade deals ever on the campaign trail trump promised to renegotiate nafta and bring back jobs particularly in the auto sector the new deal will require seventy five percent of an american car to be made in mexico or the united states up from sixty two percent workers making those vehicles must also be paid a minimum sixteen dollars an hour but missing from this latest agreement is canada will start negotiating with canon irrevocably soon they want to start they want to negotiate very badly. relations between the two countries have been frosty since trump slapped tari

on a revived the north american free trade agreement as perry and tat's christopher nolan spoke after leaders from both countries expressed optimism that a deal will be done before friday on monday u.s. president announced he had reached a deal with mexico all three countries have been working on a new agreement since last august that mexico and the u.s. recently began negotiating on their home in jordan is in washington d.c. . at the beginning of the week it looked as if the replacement for the north american free trade agreement or now would be a buying national deal between the united states and mexico hedging mostly on revised terms on how many automobiles and automobile parts could be exported from mexico into the united states however there is no the possibility that this deal could end up including canada one of the members of the north american free trade agreement that's because canadian negotiators led by the foreign minister chrystia freeland are currently meeting with their u.s. counterparts here in washington to see if they can hammer out a similar export deal as well as

for trade talks the united states and mexico reached a new agreement on trade on monday it will replace their original contract set out in the north american free trade agreement known as nost up and donald trump says he hopes canada will be part of our white house correspondent kimberly health it has more. frequently accusing the news media of not reporting on his accomplishments u.s. president donald trump brought reporters into the oval office well to listen in real time to a phone call with mexico's president. where you good morning thank you and congratulations together the two leaders jointly announce their breakthrough by lateral deal changing parts of the north american free trade agreement that trump says hurts us worker i like to call this deal the united states mexico trade agreement i think it's an elegant name i think nafta has a lot of bad connotations for the united states because it was a rip off. the now after agreement was signed twenty four years ago between the united states mexico and canada it saw many manufacturing jobs move south to mexico as a result where labor was cheaper one of the worst trade deals ever on the campa

stories making news here now jazeera united states and mexico have agreed to overhaul the north american free trade agreement known as nafta u.s. president donald trump says he's open to revising and renaming the deal but henschel new united states mexico trade agreement excludes the third nafta partner canada this is something that's very special for our manufacturers and for our farmers from both countries for all of the people that work for jobs it's also great trade and it makes it a much more fair bell and we are very very excited about it you know as nations investigators say myanmar's top military generals should be investigated and prosecuted for genocide against they were injured in rakhine state several army commandos are named as being responsible for atrocities we have examined the period since two thousand and eleven the violations we have identified during this period are part of a history of abusive military conduct going back at least half a century big continual repetition is the result of the complete immunity accorded to the military commanders and the virtually complete impunity of troops

negotiators are reportedly close to squaring away bilateral differences to update the north american free trade agreement nafta response to mexican peso is on the rise in monday trading disagreements between the two sides have been a major obstacle the renegotiating the deal which also includes canada u.s. president on the trump has been a harsh critic of nafta accusing mexico of using it to take away jobs from americans canada's top trade negotiator has also expressed optimism analysts say a new video could reduce the risk of a global trade war talks are set to resume later today. now one of the interesting issues of such a revamp to nafta deal would be to see how much ground the trump administration is . willing to give earlier i asked york crema sheaffer economist at combat's bank for his take on that. concern i had anyway expect that in the end we get an agreement because you have to see the u.s. companies especially u.s. car companies they have invested billions of u.s. dollars in mexico and i think they managed to make president trump clear that they don't want to write off these huge investments d

on a revised north american free trade agreement as fairy intense chrystia freeland spoke after leaders from both countries expressed optimism that a deal will be done before friday on thursday u.s. president ronald trump announced he had reached a deal with mexico all three countries have been working on a new agreement since last august in mexico the u.s. recently began to go shooting on their own we recognize that there is a possibility of getting there by friday but it is only a possibility because it will hinge on whether or not there is ultimately a good deal for killers a good deal for canadians i've said from the very beginning no live to deal is better than a bad nerve to deal. is in washington d.c. . at the beginning of the week it looked as if the replacement for the north american free trade agreement or now after would be a buying national deal between the united states and mexico hedging mostly on revised terms on how many automobiles and automobile parts could be exported from mexico into the united states however there is no the possibility that this deal could end up in

annually canadian prime minister justin trudeau said he would only sign a revamped north american free trade agreement that is good for his country. he

and mexico are reported to be close to striking a deal on renegotiating the north american free trade agreement nafta or not you know business round up coming up next here on the table with monica judd's. on. the. lehman brothers ten years on a story of ambition greed and megalomania. we're so clever the elite. class what level of investment bankers and brokers charge so with their first stop. everybody was wrong or wanted to ignore the reality of the whole thing might blow off in the face of a system that spawned out of control. little bubbles that will and it cuts through everything the crush the investment bank lehman brothers start september thirteenth on g.w. . to do. this on aims for the chinese market with a new electric car but with local rivals well entrenched it has a lot to offer catching up to do also coming up in the show wide german companies operating new ground in hungary and why critics are concerned about them or two nations. welcome to d.w. business i want to get jones in berlin and we're starting with the italian economy minister giovanni korea who is currently in the chines

because what you've got here is an agreement between two parties in a three party trade deal in order for there to be any changes to the nafta agreement or the north american free trade agreement that's been in place for twenty four years canada must sign on and here's the other challenge the canadian prime minister and the u.s. president aren't exactly the best of friends in fact just the opposite they've openly sparred on social media there have been some major trade disputes and differences particularly when it comes to the terror of the united states put on canadian steel and aluminum but donald trump has said on the campaign trail he said repeatedly even in the oval office as recently is just a little more than twenty four hours ago that when it comes to canada there are some real concerns about trade imbalances that he wants to correct you pointed to the fact that american dairy farmers face a three hundred percent tariff on dairy products so the market is virtually unaccessible so these are some of the things that some of the differences the two sides will have to get over we did hear from members of the trumpet when the straight including larry kudlow e

the us and mexico agreed to a sweeping trade deal to revise the key portions of the north american free trade agreementll canada fall in line? and in cambodia, local drivers are dealing with tough competition from rival model riding in from india. welcome to asia business report. president donald trump has struck a trade deal with mexico to revise key portions of the north american free trade agreement and should finalise it within days. this puts pressure on canada to return to the negotiation table, all walk away from the trilateral treaties. talks resume between them on tuesday. like mrtrump was in resume between them on tuesday. like mr trump was in —— mr trump's negotiations with china, there is a lot at stake for these negotiations, the discussions covering more than $1 billion in annual trade. the discussions covering more than $1 billion in annualtrade. canada's trade representative is flying to washington today, as you know, and canada coming given justin washington today, as you know, and canada coming givenjustin trudeau faces elections in the not too distant future are going to want to be p

agreed a new bilateral trade deal now it replaces the us mexico terms agreed in the north american free trade agreement known as nafta donald trump says he hopes canada will join the deal the canadian foreign affairs minister is jew in the u.s. on tuesday for trade talks our white house correspondent kimberly hellcat has more . frequently accusing the news media of not reporting on his accomplishments u.s. president donald trump brought reporters into the oval office. well to listen in real time to a phone call with mexico's president. for you this morning thank you and congratulations together the two leaders jointly announce their breakthrough by lateral deal changing parts of the north american free trade agreement that trump says hurts us workers i like to call this deal the united states mexico trade agreement i think it's an elegant name i think nafta has a lot of bad connotations for the united states because it was a rip off. the now after agreement was signed twenty four years ago between the united states mexico and canada it saw many manufacturing jobs move south to mexico as a result where

the us and mexico have agreed to overhaul the north american free trade agreement known as nafta. the american free trade agreement known as nafta. president trump was quick to hail the development as an important step towards an incredible deal that was much more fair, but the final shape of the agreement is far from clear. canada, the third country in the treaty, has not been part of the negotiations with mexico. us and american officials are due to resume trade talks on tuesday, although donald trump has said he's not committed to a three—country agreement. we'll go over all those details in a moment, but first, here's the president commenting on the talks with mexico. it's been a long time, and this is something that's very special for our manufacturers and for our farmers from both countries, for all of the people that work forjobs. it's also a great trade and it makes it a much more fair bill and we are very, very excited about it. we have worked long and hard. your representatives have been terrific. my representatives have been fantastic too. they've gotten along very well. th

reporting that talks between the united states and canada aimed at reaching a deal on the north american free trade agreementnd of daylight saving time. the european commission says 84% of people surveyed wanted to stop switching between summertime and wintertime. the change would need the support of the eu parliament and member states on as the commission said that ultimately it will be the decision of each sovereign state which time they choose to keep. coca cola has agreed to buy the costa coffee chain forjust over $3 billion. the purchase will give coke almost 4000 coffee shops , over half of them are in the uk. coca—cola is trying to broaden its business away from fizzy drinks, because of government—imposed taxes on sugar and consumers looking for healthier options. her grandchildren were among the family members to pay tribute. let's ta ke let's take you live to clive davis. he is the chief executive, chief creative officer, rather, of sony music. let's listen in to what he has to say about the queen of soul. going to extraordinary lengths to make sure the night would be and i a lwa ys make sure the ni

trading partner the north american free trade agreement created one of the world's largest free trade zones it came into effect in one thousand nine hundred four but the deal was laid years earlier nafta was pushed through congress by u.s. president bill clinton but it was president george bush sr who signed the pact two years earlier the deal made it easier for companies in the u.s. mexico and canada to move goods across north america's borders it's also got rid of tariffs on items traded among the three nations but now after pros and cons have been hotly debated the cost of many products has dropped and it's improved diplomatic relations but the biggest issue for president trump is the loss of u.s. and the new fracturing jobs robert scott is a senior international economist at the economic policy institute says the deal is still in its very early stages. i view this as a press release in search of an agreement it's a handshake deal but i think without seeing the details without the inclusion of canada in the agreement we really don't know whether or not this is going to work and be

its comparative advantage so these are free trade agreements but they are not very free they are highly regulated that's presume a revamped anathema or north american free trade agreement that does come to pass how much of the global trade worries those that would that solve. i think it would. solve all of the worries but it is a change in direction we are all johnny towards new free trade agreements just a few months ago we were talking about introducing new chariots tromp stopped the pacific agreement so this is really a change in atmosphere are it one gets the impression that trump has understood that just destroying trade flows an increase in chatter is bad for the u.s. . president of the people institute one of germany's biggest economic research institutions thank you for your insight this morning. thank you. the italian pilots union has approved a collective labor agreement with ryanair is the latest breakthrough in the budget airlines efforts to quell staff protests in europe after a deal with irish pilots last week a large majority of the more than three hundred ryanair pilots in italy approved the agreement following eight months of negot

the us and mexico have agreed to overhaul the north american free trade agreement, known as nafta. has been a long time, and this is something that is very special for our manufacturers and for our farmers from both countries. after the murder in a german city, thousands of far right protesters clashed with antifascist protesters and police. was hello. the us and mexico have agreed to overhaul the north american free trade agreement, known as nafta. president trump was quick to hail the development as an important step towards an "incredible" deal, that was "much more fair". but the final shape of the agreement is far from clear. canada, the third country in nafta, has not been part of these negotiations with mexico. us and american officials are to resume trade talks on tuesday, donald trump has said he's not committed to a three country agreement. we'll go over all those details in a moment, but first, here is the president. it has been a long time, and this is something that is very special for our manufacturers and for our farmers from both countries. for all of the people to w

let's get stuck in: american and canadian trade negotiators are working through the night, trying to clinch a deal by friday on a new version of the north american free trade agreement nafta. the canadian foreign minister told reporters that talks were at a "very intense moment" but said there was "a lot of good will" at the table. our correspondent, david willis, has this update from washington. well, the united states has reached an agreement with mexico, that was announced earlier this week, and the question now is whether the third—party to the old north american free trade agreement, namely canada, will sign up as well. the deadline is tomorrow, friday, and that if it is to be agreed in time for the outgoing president to sign on the dotted line, and indeed for a republican —— republican politicians to get the advantages out of it that they could get going before the mid—term elections here. now, despite the rather tight deadline president trump seemed optimistic that canada would go along with the deal. we have a very good relationship. they came yesterday to the white house. and we negotiated late into the evening. we are in the white house right now. they wan

the us and mexico have agreed to revamp nafta, the north american free trade agreement, in what donaldmber of nafta, is yet to agree to the new terms and will hold more discussions today. david willis reports from washington. it's a big day for trade. big day for our country. a lot of people thought we'd never get here. it is, in his words, an incredible deal and the president wanted his mexican counterpart to share in the celebrations. i believe the president is on the phone. enrique? which he did... once a white house official had worked out how to divert the call to speakerphone. it's an incredible dealfor both parties. most importantly it's an incredible dealfor the workers and for the citizens of both countries. details of the deal remain sketchy, but it's intended to replace the existing nafta agreement, which donald trump has consistently branded a disaster for american manufacturing. the new deal would keep more car part production within nafta, something that's good for mexico, and boost the number of parts that are made in factories paying the us minimum wage, something that'

top stories in our desire the united states and mexico have agreed to overhaul the north american free trade agreement on a snuffed u.s. president donald trump says he's open to revising and renaming the deal the potential new united states mexico trade agreements excludes the third enough to partner canada this is something that's very special for manufacturers and for farmers from both countries for all of the people that work for jobs it's also great trade and it makes it a much more fair bill and do we are very very excited about it. u.n. investigators say mean mars top military general should be investigated and prosecuted for genocide against a door hinge in a kind state several army commanders are named as being responsible for the atrocities the u.n. says the cases should be referred to the international criminal court or tribunal. german chancellor angela merkel has warned vigilante justice will not be tolerated up to farai protests broke out in the eastern city of chametz scuffles broke out in the city after a german man was killed on sunday a syrian and then iraqi have been arrested on susp

have continued into the night between the us and canada over the reform of nafta — the north american free trade agreement the deadline imposed by president trump for canada to come to the negotiating table. the us president famously called nafta "the worst trade deal in the history of our country", blaming it for the loss of millions of usjobs, and made renegotiating it a campaign pledge. earlier this week he struck a new deal with the pact‘s other member, mexico. now the two—decade—old free trade deal between the us, mexico and canada is one of the biggest in the world — accounting for $1 trillion in business every year. it directly affects the lives of close to half a billion people across the three countries. so what's likely to change? president trump has long complained about the loss of us manufacturing jobs to lower—wage countries. so in the car industry, mexico has now agreed that a bigger proportion of each vehicle needs to be made by workers earning $16 per hour. canada says it supports these rules. with me is suzanne spears, a partner at the specialist law firm volterra fietta. canada has been

at the beginning of the week it looked as if the replacement for the north american free trade agreement or now would be a by international law a deal between the united states and mexico hedging mostly on revised terms on how many automobiles and automobile parts could be exported from mexico into the united states however there is now the possibility that this deal could end up including canada one of the members of the north american free trade agreement that's because canadian negotiators led by the foreign minister chrystia freeland are currently meeting with their u.s. counterparts here in washington to see if they can hammer out a similar export deal as well as work out other issues including such things as agricultural trade between the two countries more than half of u.s. states have a robust direct trade relationship with canada and they don't want to see that imperiled there's also considerable pressure from bi partisan members of congress to see any replacement for nafta include both mexico and canada now the question is can the united states and canada reach a deal before th

recently began negotiating on their own now the north american free trade agreement or now after i came into force in one nine hundred ninety four the trillion dollar dealings half a billion people in canada the u.s. and mexico three countries agreed to remove trade barriers between them along with tariffs is the world's largest trade bloc the member economies generates around twenty one trillion dollars in gross domestic product every year nafta has increased competition against other large economic powerhouses like china and the european union it's lowered the price of many goods and improves diplomatic relations between member countries but it did lead to the loss of u.s. manufacturing jobs and mexican farmers say nafta has put them out of business while i'm very pleased to welcome our bruce hayman to al-jazeera he's in aspen colorado he served as u.s. ambassador to canada from twenty fourteen until. gratian in twenty seventeen thank you very much for being with us on al-jazeera ambassador the canadians a bit worried it seems that it is deal between the u.s. and mexico what kind of a

its comparative advantage so these are free trade agreements but they are not very free they are highly regulated that's presume a revamped anathoth or north american free trade agreement that does come to pass how much of the global trade worries that would that solve. i think it would. solve not all of the worries but it is a change in direction we are all johnny towards new free trade agreements just a few months ago we were talking about introducing new tariffs tromp stopped the pacific agreement and so this is really a change in atmosphere or it one gets the impression that trump has understood that just destroying trade flows and increasing charis is bad in particular for the us clemens was president of the legal institute one of germany's biggest economic research is that there's a thank you for your insight. poor results and tumbling share prices germany's big banks are in trouble now one of the most pressing issues experts say the banking giants have dragged their feet in the face of the digitalisation and now financial tech startups are giving them a run for their money the fin tech challenge is the focus of a banking conference in frankf

annually canadian prime minister justin trudeau said he would only sign a revamped north american free trade agreement that is good for his country. he pledged to defend canada's dairy farmers and said progress had been made on terms for the automotive sector his negotiating team is back in washington to hammer out a deal. we are in the process of renegotiating near future with our southern neighbors and we're pushing hard to conclude an agreement that is win win with a modern and progressive agreement that is in line with our values and our ambitions and that will benefit not only canadian businesses but all canadians u.s. treasury secretary steven minutia and believes washington could strike a trade deal with our word this week was everybody said their markets are very intertwined so it's important to reach an agreement in it this is a complicated big rayment there's lots of things in here or whole new i would think again it would be very much on board with stronger intellectual property and stronger protections modernizing the agreement so i'm hopeful that the open issues with canada can be resolve

the trumpet administration and mexico have reached a preliminary deal to replace the north american free trade agreement that's according to the u.s. president now donald trump has been a harsh critic of nafta calling it a job killer saying it encourages u.s. companies to move production south of the border to exploit low wages when it comes to the new deal trump says it will help manufacturers and farmers on both sides of the border. donald trump welcome to overhaul the twenty four year trade pact as he suggested a new name for it if canada is not included in this thing. he says to do they used to call it a nap they were going to call it the united states mexico trade agreement it will get rid of the name nafta has a bad connotation because united states was hurt very badly by now for many years and now it's a really good deal for both countries. u.s. negotiators were pushing for a sunset clause requiring renewal of the deal every five years but the mexican side succeeded in adding a clause that would give it a sixteen year lifespan with the review every six years the two countries also agreed that sev

intensified on thursday as the two saw its push to hammer out a deal on a revamped north american free trade agreement mexico's already signed up to an initial deal now with a friday deadline the clock is ticking to see whether canada will make it a three way agreement. canada's chief negotiator expressed optimism ahead of thursday's talks with her u.s. counterpart but as we said our officials did some work they prepared some issues for me and ambassador like hisor to take the decision and so we're about to go in continue negotiating and do precisely that and it's because i used to be a journalist and i know how hard it is these waiting outs and boiling we have brought you some props and. the overhaul taking shape would likely strengthen north america as a manufacturing base by making it more costly for automakers to import a large share of vehicle parts from outside the region. without a deal donald trump has threatened to levy tariffs on canadian made cars a key sticking point is china this insistence on protecting its dairy industry but trump has repeatedly criticized canadian tariffs of up to two

the united states and mexico have agreed a new trade deal that replaces parts of the north american free trade agreement known as nafta canada is expected to return to negotiations on tuesday will will its goal is a director at california trade justice coalition he says canada needs to step up its demands as it enters talks. i think something that canada talks about a lot but they haven't been doing enough been pushing for progressive. issues in renegotiation so a lot of what we see kind of on both sides right now is rhetoric rather than. policy and a lot of positioning rather than. meaningful proposals so one of the things that we'd like to see them do and that they get a lot of support on would be to push for a strong labor and environmental standards with swift and certain force and that's something that we've been calling for our whole international coalitions been calling for since the beginning of the start of these negotiations so i think it canada words you push for those kinds of things they would get more support and they'd have more weight behind their kinds of demands iran's president haasan

have continued into the night between the us and canada over the reform of nafta — the north american free trade agreement of a deadline today imposed by president trump. the president famously called nafta "the worst trade deal in the history of our country" — blaming it for the loss of millions of us jobs and made renegotiating it a campaign pledge. earlier this week he made good on part of that by striking a new deal with the other member — mexico. the two decade old free trade deal between the us, mexico, and canada is one of the biggest in the world, accounting for $1 trillion in business every year. it directly affects the lives of close to half a billion people across the three countries. so what's likely to change? here's one example. president trump has long complained about the loss of us manufacturing jobs to lower wage countries. so in the car industry, mexico has now agreed that a bigger proportion of each vehicle needs to be made by workers earning $16 per hour. canada says it supports these rules. our reporter kim gittleson has been following the talks and says the mood is optimistic. there

the trump administration and mexico have reached a preliminary deal to replace the north american free trade agreement it's time to canada trump who's called the old to trade pact a job killer already said he can't imagine a separate to deal with auto and that's would mean the end of nafta. donald trump welcome the overhaul of the twenty four year trade pact as he suggested a new name for it is canada is not included. the state. says to do they should go in after what they call it the united states mexico trade agreement it will get rid of the name nafta has a bad connotation because united states was hurt very badly by now for many years and now it's a really good deal for both countries u.s. negotiators were pushing for a sunset clause requiring renewal of the deal every five years but the mexican side succeeded in adding a clause that would give it a sixteen year lifespan with the review every six years the two countries also agreed that seventy five percent of a product must be made in the u.s. or mexico to receive tax free status trump said a trilateral deal with canada is still possible but it's

trade with canada after reaching a preliminary agreement with mexico still u.s. president suggested yesterday he could leave also out of a final deal to overhaul the north american free trade agreement if the two sides fail to reach a compromise he is pressing canada to accept new terms for the way car imports are taxed canada snuff to negotiate a foreign minister christine freeland is due in washington today to discuss changes to the trade treaty after cutting short a trip to europe. well it's clearly it's a very busy u.s. president there especially when it comes to trade and where does that leave the u.s. economy that's something i would like to ask you frank. for the tab the president of the american chamber of commerce here in germany as we know it. is it i mean he's all about america. overhauling trade deals with with china with the e.u. nafta of course does america benefit from it well you pointed out a president is very focused on trade as really the centerpiece of most of what he's trying to accomplish he has some views on trade that are not necessarily shared by mainstream economists and. many other sectors of the business world however. certainly we welcome

eight mexico goes forward because of to take the north american free trade agreement communist. ensemble how how hard. a says the study idc just restaurants to country as a result a lot a lot of situations and is already failed to downtown atlanta since since leaving. costume in june kind of kind of research that is and get country what was wasn't. to describe right traditionally a career whereas. like lifetimime.. yes that's right contests not nott drink dreams and it's all trying to find ouot dodoctoring resolve all this has taste. should force held here are on e engines to be replacedy the president. that's south easier consoles after that's also read regarding. seven years social trends simpson. lone. told a judge. the only on very stream will while. most of the committee. she's. is produced their first local provisions on may date in russia. president bell bands two thousand and fourteen farmer farmers trying trying. gallery learning techniques for different purposes the original charter out of the first first thirty thirty looming we arbitrage unveiled lths available does