Skip to main content

tv   The Worlds Newest Trade Block  Al Jazeera  March 25, 2018 10:32pm-11:01pm +03

10:32 pm
meaning where the everything is in place for that arrest warrant and he if he doesn't appeal will have to be extradited within ten days if he does appeal then we are looking at a process that could last around about two months it would be highly unusual if extradition is refused between two european countries germany does have to decide whether mr putin mom will get a fair trial if he is sent back to barcelona and one would expect that that will be just a formality and that he will in fact be extradited at some point hundreds more rebel fighters and civilians have been evacuated from the syrian region of eastern huta government forces are close to controlling all of what had been the last of rebel stronghold near damascus this follows a months long offensive just one group of joshua liz lemon is holding out and they're believed to be close to a deal al-shabaab has claimed responsibility for a car bomb that killed thirteen people in somalia several others were injured in the blast which happened near the column in mogadishu the promos they sneak into
10:33 pm
the checkpoint after soldiers assault a suspicious vehicle. egypt's interior ministry says police have killed six people who they accuse of being involved in the deadly bombing in alexandria two policemen were killed and at least four others wounded in saturday's assault in the coastal city authorities and blamed the armed wing of the muslim brotherhood for the attack. those are the headlines i'm going to have more news for you in just under half an hour do stay with us though coming up next it's talk to out there thank you for watching and hopefully some of the.
10:34 pm
and. you can. see. calling it a ridiculous trade deal us president donald trump withdraws from the transpacific partnership or t p p just three days into his administration most assume the deal is now dead but challenging u.s. global leadership the eleven remaining pacific rim countries led by japan forge ahead regardless and just as president trump heightens fears of a trade war by imposing steel and tariffs a riband version of the tepee piece is signed in santiago chile sending a powerful message that free trade can and will go ahead without the united states the comprehensive and progressive trans-pacific partnership or t p p eleven for short includes canada mexico japan malaysia australia peru and chile
10:35 pm
peru and i singapore and vietnam deal to dramatically lower tariffs and trade barriers together they cover five hundred million people in the most dynamic region of the world economy more than thirteen percent of global g.d.p. worth more than ten trillion dollars with the us it would have been forty percent but the new t p p is already attracting potential new members like south korea indonesia the philippines thailand possibly even the u.k. post breaks it a free trade deal once viewed by washington and japan as a counterweight to china's growing economic might. it's now being hailed as an antidote to u.s. protectionism talk to al jazeera sat down with the signatures of the world's mulish trade bloc. we start with the host outgoing foreign minister foreign minister and i don't when you're stuck you so much for talking to i just would like to start by asking you how significant is the
10:36 pm
timing of this agreement i think it is very timely because. the world is seeing an increase in protectionist measures. protectionist temptations i would say on the part of. some countries they would draw. from the brics that the u.s. would drop from the original t p p are examples of that and the possibility that there would be unilateral tariffs impose some products we have heard so i think it comes at the right time by saying open trade is a life. this eleven countries that represent five hundred million people about fifteen percent of global trade and about ten trillion dollars
10:37 pm
added up the eleven economies. opt for continuing trading with others and doing it in a progressive way some skeptics would say though that this disagreement is not even the shadow of its former self that without the united states it really doesn't have any teeth what do you say to that well i think there's a lot of teeth because i mean when you have economies us important us japan and canada that was strangely. new zealand and so many others that are involved you have really very important countries involved and when you have even countries like mexico that it's the eighth economy in the world i mean we're talking about very powerful countries. she. is
10:38 pm
also very active globally i mean we have. you know one hundred. thirty billion dollars in exports last year so. we are significant countries and we put enough teeth we would like the united states to have stayed by they took the sovereign decision under president trump to withdraw some say in fact that by withdrawing from this agreement from the g.d.p. the united states is really had a turning point in its global leadership or some would say lack of global leadership would you agree well it's it's not what would have one would have expected from a republican. ministration that in the past used to be always pro global trade in but times have changed. and perhaps.
10:39 pm
globalise asian has not. proven. to be. beneficial to everyone but that is not because of the nature of globalization is because the nature of production and the global economy has changed is more and more innovation more and more knowledge so that the industries of the twentieth century are of course suffering. the costs of these there are no logical changes and that i guess led some states in the united states to vote for mr trump because they felt left behind why we have to do is to prove globalization is not the problem that innovation is the key is adding value is seen glued. everyone
10:40 pm
into. the benefits of trade and that's why would they get a full chapter too small a medium enterprises in the c c p t p p let me ask you about that precisely because they are a lot of people that are very concerned that this trade agreement is just yet another one that is going to. work in favor of big business at the expense of the little man of the working class of the middle class of small and medium sized businesses as well why should they believe that this new trade agreement is different well because i think that there are there is. enough. into it to ensure that women intrapreneur as for example will have a chance to have access to credit to have access to marketing to have access.
10:41 pm
to the. ability to export to all of these markets because there is a clear and mandatory. elements in the agreement to respect the environment and labor rights. so that in the end i think this is as the title says the most comprehensive unprogressive trade agreement that has ever been signed what about this agreement it was done in record time it took a lot of political will and a lot of flexibility so how different is this one from the original one. well it has is still the high standards which we didn't remove one comma from the chapters of access to markets because that would have meant a total green negotiation of the agreement and that was something that was very
10:42 pm
interesting to chile because for example through this agreement we are going to gain access to the japanese market that we don't have in the bilateral agreement with japan and more than one thousand products are going to be increasing through to japan to canada to malaysia to vietnam to several countries we include know. us like. bible purchases and there's also the element of creating this global chains of value by changing the roof of origin for example a product coming from one of the other think on trees will be consider a sign national import that way one can re. process and elaborate other products and send them to the other thing countries and so that the production chains of it begin to be linked and that is
10:43 pm
very positive so. where very optimistic so in some ways especially for smaller countries this new deal is better without the united states and with united states that had imposed some very very strict conditions particularly on the pharmaceutical industry while the patients that were made precisely where enabled because the united states left they had. asked for certain conditions that. did not accommodate fully some countries chile was ok because in their. bilateral agreement with the united states we had a lot of the elements that were new for other countries i. won't give names by for example there were countries i had zero protection for.
10:44 pm
the data for biological from a suitable products and they had to increase to five children i already had five years of protection for that data in their agreement with the united states so eliminating that evidently cost less political pressure in the countries when we removed about twenty. norms in the original to b.p. that. the united states had particularly pushed for but we had to do said a a very quick rearrangement. which was an easy it took a lot of political will. because. not only did we have to change the implementation agreement because implementation agreement required that. more than eighty five percent of the g.d.p. of the other countries would ratify before you would enter into force now
10:45 pm
it's only six out of the eleven and not only change that will change all this elements relative to gender with strength and the aspects related to labor rights and environment and all of that i think made it up a better agreement not because the united states left because of the reality that we wanted to continue on. and you know it to continue we had to make it a more attractive agreement and i think when that up with a better agreement but not because the west left by because of the reality that we did not want to waste the years of negotiation of a high standard agreement. new zealand's trade minister says the deal isn't perfect you'll have given this trade agreement seven out of ten. as the rating why
10:46 pm
is that why did you sign it if it's not what the ten or ten out of ten agreement is with a strike which is probably the best try to grammont in the world when we have no tariffs on any product we have free flow of people into investments compete with our agreement with the strike it's not as good. compete with a lot of other agreements in the world it's very very good. it has good provisions relating to the right of governments to regulate to protect the environment i'm a former climate change minister in new zealand i'm also the minister for the environment as well as the minister of trade currently so it's important to new zealand that it has. progressive elements that enable us to properly regulate for public health public education environment as well as providing benefits for businesses be they small well first of all countries or countries with small populations such as yours is this actually
10:47 pm
a better deal without do knighted states. probably not overall it didn't able us to renegotiate some clauses which were problematic for new zealand for example extensions to patient to stinson's to copyright we managed to narrow the the breadth of these in vista state dispute clauses which all of which is good but of course america is also a large and wealthy economy so one level the trade benefits from the agreement entres crisis they were when america was in the agreement so is it still really a good agreement only if it were not only but it's it is thirteen fourteen percent of the global g.d.p. vs forty percent with united states was it worth it was five hundred million people in the c.p.t. p.-p. countries new zealand zani for. four and a half million of those so four hundred ninety five million of those people lie in the other c.p.t. p.p.
10:48 pm
countries that's an enormous market for new zealand goods and services. of course it's reciprocal and those people get the opportunity to sell the goods and services into new zealand. so yes overall it's a it's a it's a really good deal do you think that this agreement as some have suggested so as an antidote to this protectionist trend that we're seeing in the world i absolutely do i think that c.p.t. p.p. is more important than it was a year ago this rise of protectionism is worrisome some of the mechanisms under the will try to organizations like the appellate body which is the the the you know the the dispute caught a few lot for disputes under the w.t. oh they are under threat this is an alternative seat of rooms and countries who think like you zealand all the other countries that are in c.p.t. p.p. have got a different route where they can club together in a friendly manner actually and facilitate the growth of their own economies for the
10:49 pm
benefit of the people well what about china i know that japan certainly seems that is a threat not just for trade but even geo politically and that's one of the reasons why it was so keen on pushing this agreement for but other countries who are in this in this new block actually have agreements with china is china going to be out left out of the prevalence of possible that it might join to we've already got a free trade agreement china we with this country in the world have a free trade agreement with china and as we have for both new zealand in for china we don't see china as a three we recognise the him as being a superpower and that they have a proper place in the world we through our trading relationship with them have improved our relationship with china to our mutual benefit. for countries like malaysia the new t p p has many goals but keeping china at bay is not one of them japan has been key in pushing this forward has really helped spearhead the last
10:50 pm
year. but japan has also made it clear that it sees this as more than just a trade agreement but rather as a way to counter balance the growing geo political power china which is its main certainly its trade rival in a region that is becoming more unstable as malaysia has the same view. you know i hate to get into any discussion about geopolitics you know for us we are a trading nation and for us the global market is our market saw we don't particularly see that you know we want to have agreements with. the u.s. or the e.u. or japan or for us every opportunity to open up markets we will use them and we have been using free trade agreements regional trade agreements and to
10:51 pm
a certain extent also the w deal to open our markets for our businesses saw we don't necessarily see the t.p.a. actually. from our point of view. geopolitical instrument are you surprised that the united states a president trump and his treasury secretary have suddenly. had a change of heart to appear to be having a change of heart and have a not talking about that having conversations to see if they can rejoin. i'm not totally surprised because we know that this is an agreement which actually benefits the u.s. also. and. we know that there are many quarters in the u.s. especially the business circles and then there are also administration officials who thing that the tepees a good deal for the u.s.
10:52 pm
and. it was a matter of time that there would be some rethink and that the u.s. may want to come back to the agreement but it's not the same agreement as it was certain certainly less to donald trump's liking now than it was originally yes but i think. if. there is a request for total renegotiations i don't thing they that would be tight among the other parties after five years we've got a very balanced package and if you're saying that that balance prankish needs to be now renegotiated then it is almost like getting back to square one you would malaysia would not be an ass why would this not just malaysia i don't think anyone else i could safely say would be looking for we negotiations of
10:53 pm
the agreement while president trump dismisses free trade deals as bad for jobs canada's trade minister enthusiastically embraces globalization. how different is this agreement really in those terms i mean all trade agreements say that the going to benefit the working man and at the end they very often do exactly the opposite why should this agreement be different with me give you three basic example it is the first trade agreement in the world where you have a dedicated chapter on small and medium sized businesses making sure that we recognize. that small and medium size business is of acute role in our economy and that we should take every step possible to make sure that they can benefit from the the these new markets that are going to be open when i look at labor for example making sure of that countries would maintain labor standards that they would not
10:54 pm
retreat from international convention to become more competitive we want to have a level playing field and making sure for example on the environment that the agreement would maintain a high standard when it comes to the environment and these chapters are enforceable well canada is the closest country it's united states it's do are each other's largest trading partners and yet you are some would say in danger of entering into a trade war and it is very angry at the fact that you know that trump is planning. to increase duties on imports of steel does that. do anything to offset that well i would say there's never been a better time to diversify i think in any and i understand that the u.s. will always be our first trading partner because of the geography and the size of the u.s. economy more than seventy percent of our goods and services are exchanged with the united states but that being said people also understand that we need to diversify said today is a very powerful message we recognize that the u.s.
10:55 pm
will always be our first trading partner that the economy also in the world is shifting it's shifting towards asia pacific or. china i mean this was seen as a deal to try to offset the growing chill political and economic straits of china you still see it that way while i would say it's you know when it comes to canada we have exploratory discussion about a potential free trade agreement with china that being said we also believe like i said when we're in vina del mar with the countries of the p.p. that it was in our best interest the best interest of our citizens. make sure that we would write together the rules of trade in asia pacific. china well you know that we would for those who are part of that make sure that these trade would reflect the values that we have about you know being open being predictable being enforceable i think that you'll see canada and other nations continue to engage
10:56 pm
with china it's the second largest economy so those are not mutually exclusive clearly we're sending a signal today that canada is very much a pacific nation we want to engage whilst we're doing that with the country we obviously remain open to negotiations with other country in the region. what if donald trump tomorrow says that he's changed his mind he wants to sign up again he wants to be a part of this club what candidate. to rewrite this treaty yet again in order to appease the united states that were twenty two clauses that were taken out and put there most of them certainly to appease the united states what about now is the united states in a strong position to twist the arms of those who have signed this agreement i would say that we have said for the countries that may want to join the c.p.t. p.-p. that would welcome other countries joining now the priority as you would appreciate is signing and ratification for the agreement to come into force
10:57 pm
a number of countries have expressed interest to join with its career would review in the united kingdom i said that they'd be interested to join so for us now i think the c.p.t. p.p. countries the focus is very much on now whilst keeping an open door policy for their countries that may want to join in the future on their standing that we want to preserve the high standard of the agreement the progressive nature of the agreement but certainly expanding the agreement to cover more countries and more commies calendar will always be there to promote a fair inclusive trade and making sure that the progressive elements that trade really reflects the twenty first century reflects the values of our people reflects what trade should be in this day and age trade which relate to people that each and every citizen that we meet in every youth each and every women intrapreneur in our case indigenous people can see you know what this is working for me this is really the mission we have and i think this is a step in the right direction well i hope this trade agreement will indeed live up
10:58 pm
to its promises minister thank you very much remind me it was a real pleasure that. i. there were seven candidates vying for egypt's presidency. now there are just two and with president abdel fattah el-sisi poised for his second term in power international rights groups are calling this election a fosse we'll bring you the latest coverage and analysis of the egypt election on al jazeera. i am
10:59 pm
doing this for the benefit of saddam people. so mad they see a game ball going on there are guys. who witnessed documentaries that open your eyes. at this time on al-jazeera. the sams in archaeology graduate from iraq who is also a part time going to billings pergamon museum which includes a reconstruction of the famous ishtar gate in bubble most of the people he's showing around came to germany as refugees this is just one of several berlin museums taking part in the project called a meeting point and as well as bringing people together one of its aims is to emphasize the contribution of migrants right up to the present day to western culture office in the a building because i've been here for some time i can help them with lots of things
11:00 pm
but mrs ford to me the great thing is it's not just about museums about forming a new life it is part of life it's culture. april on al-jazeera. from the stories beyond the headlines phone lines examines the u.s. his role in the wilds fifty years. since the death of martin luther king we examine the impact of his assassination and the state of race relations in the us today the award winning show thrice returns for another season with stories about solutions to some of the greatest manmade environmental problems as the first meeting since the friends it vote is set to take place in the u.k. we examine how relevant the commonwealth is today between corporate and public interests up to the last drop unveils the longstanding rule for water in europe april on al-jazeera.

27 Views

info Stream Only

Uploaded by TV Archive on