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

to remain part of a new north american free trade agreement on monday u.s. president trump said he had reached agreement with mexico on changes to the trade deal and he challenged canada to accept the new terms both sides have said they're hopeful a deal can be reached this week a new study suggests air pollution isn't just bad for our lungs but our brainpower as well scientists from the u.s. and china say breathing dirty air affects how our brain processes information making us less intelligent britain's prime minister has pledged to prioritize investment in africa she begins at three nation visit their series of a landed in south africa for a first visit to the continent since taking office her trip will also take her to nigeria and kenya she wants britain to become the g seven is biggest investor in africa within the five within five years. fourteen cambodian opposition activists who were jailed for a valiant have been released it's a largest pardon since premier hun sen extended his grip on power after last month's largely unopposed election but oppositi

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

in the north american free trade agreement known as snuffed or told trump says he hopes canada will join the deal the canadian foreign affairs minister is jew in the u.s. on choose different trade talks a 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. where you good morning thank you enrique congratulations together the 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 ev

under the united states and mexico have agreed to overhaul the north american free trade agreement known as nafta discussions focused on new rules for the automotive industry a central issue for president trump who is described nafta as a disaster for american workers canadian prime minister justin trudeau is now under pressure to agree new terms to remain part of a three nation pact and he's assured mexico's president of his commitment to the agreement because she actions have dragged on for more than a year and threats by trump to ditch the nine hundred ninety four accord of course turbulence on the financial markets but in pressure on the mexican peso and the canadian dollar speaking from the oval office the us president praised the new deal . 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 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

in the north american free trade agreement known as nafta donald trump says he hopes canada is going to be part of it and the canadian foreign affairs minister is due in the u.s. on tuesday for trade talks white house correspondent kelly holcomb reports. frequently accusing the news media of not reporting on his accomplishments u.s. president donald trump brought reporters into the oval office. oh 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 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

that will replace the original agreement which is set out in the north american free trade agreement known as nafta on tom says he hopes canada will be part of it the canadian foreign affairs minister is due in the u.s. on tuesday for trade talks white house correspondent kelly holcomb reports. frequently accusing the news media of not reporting on his accomplishments u.s. president donald trump rockliffe orders into the oval office. oh 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 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 labor was cheape

out in the north american free trade agreement known as nafta on trump says he hopes canada will be part of it the canadian foreign affairs minister is due in the u.s. on tuesday for trade talks white house correspondent kelly holcomb reports. frequently accusing the news media of not reporting on his accomplishments u.s. president donald trump rockliffe orders into the oval office. oh to listen in real time to a phone call with mexico's president. were 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 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 labor was cheaper one of the worst trade deals ever on the campaign

and mexico are reported to be close to striking a deal on renegotiating the north american free trade agreement laughter more matching your business round up with christoph over that coming up next here on do you have any. fighters want to start families to become farmers or engineers every one of them has a plan. so nothing is just that the children who have always been the lawyer and those that will follow are part of a new kind of. they could be the future. granting opportunities global news that matters d. w. made from minds. of good. during week africa. your link to exceptional stories and discussion from the news of easy to our website d w that comes much for joining us on facebook. for. a bar gaming marathon over the weekend and it's showing results of the united states and mexico are close to striking a fresh trade deal will talk about who had to make which concessions and the impact on global trade sentiment also on the program nissan aims for the chinese market with a new electric car but with local rivals well entrenched it has a lot of catching up to do. this is a business

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

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 campaign trail trump promised to renegotiate naft

the north american free trade agreements known as. mean mars government is dismissing a scathing u.n. report calling for army generals to be prosecuted for genocide of the. u.n. investigators documented what they called the grave crimes under international law against the muslim minority they say at least ten thousand were killed since the military crackdown began last august. the prime minister to resign raise in south africa as part of a trade trip aimed at boosting fortunes it's her first visit to africa since taking office she's in cape town to try and strengthen bilateral trade and top investment countries the u.k. was south africa sixth largest trading partner last year may also travel to nigeria . as well. those are the headlines my cube. coming up next right here on. the news hour with. china is keen to win friends and influence you need oil rich spark the wrong line of china to secure resources for the future. as a whole the growth we bring you the stories the economic world we live in counting the cost on al-jazeera. we requ

american free trade agreement known as u.s. president donald trump says he's open to revising and renaming the deal the potential 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 justice it's also great trade it makes it a much more fair bill and do we are very very excited about it. u.n. investigators say me and marse top military general should be investigated and prosecuted for genocide against the ranger in rakhine state several army commanders are being named or are named as being responsible for the atrocities the u.n. says their cases should be referred to the international criminal court or tribunal german chancellor angela merkel has warned vigilante justice will not be tolerated after farai protests broke out in the eastern city of cabinet's scuffles broke out in the city after a german man was killed on sunday a syrian and an iraqi have been arrested o

american free trade agreement on monday u.s. president donald trump said he'd reached agreement with mexico on changes to the trade deal and challenge canada to accept the new terms and both sides have said they're hopeful a deal can be reached this week france's and vironment minister has resigned from the government without consulting president emanuel not drawn nikolaus a lot says micron's for government isn't doing enough to fight climate change south sudan's foreign minister says rebel leader react much are has refused to sign the final peace deal with the government opposition groups had hoped the years of conflict would end after a breakthrough was reached with president salva care german chancellor angela merkel has condemned violent farai protests which took place in the city of commits on monday thousands took part in the rally with some reportedly chasing and attacking people from minority groups a new study suggests air pollution isn't just bad for our lungs but our brainpower as well scientists from the u.s. and chi

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

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 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 part of this. is imp

on a revised north american free trade agreement as very intense chrystia freeland spoke after leaders from both countries expressed optimism that a deal will be done before friday on monday u.s. president donald trump announced he had reached a deal with mexico all three countries have been working on a new agreement since last august the mexico and the u.s. recently began negotiating on their own rosalyn jordan has more from 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 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 e

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 labor was cheaper one of the worst trade deals ever on the

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

the us and mexico have agreed to overhaul the north american free trade agreement, known as nafta. it 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 t

talks between the united states and canada designed to reach a new north american free trade agreement have ended with no agreement. but despite today's deadline, it's been confirmed they'll now continue next week. meanwhile president trump's top trade representative has told congress a deal between the united states and mexico will be signed within 90 days, and that canada could join the accord if it was willing at a later date. earlier president trump tweeted that any deal with canada would be entirely on us terms. the canadian prime minister, justin trudeau, had said that no nafta agreement would be better than a bad agreement for canada. a prominent leader of pro—russia separatists in eastern ukraine, alexander zakharchenko, has been killed in an explosion in the city of donetsk. he had joined an insurgency in 2014. last year, russia distanced itself from plans he put forward to declare a new state in donetsk. the russian foreign ministry said it had every reason to believe the ukrainian government was behind his murder. ukraine says his death was the result of a dispute between

to clinch a deal by friday on a new version of the north american free trade agreement, or 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 wa

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 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. they've worked late into the night for months.

their original contract set out in the north africa or north american free trade agreement known as now after donald trump says he hopes canada will be part of it our white house correspondent kelly holcomb reports. frequently accusing the news media of not reporting on his accomplishments u.s. president donald trump brought reporters into the oval office oh 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 campaign trail trump promised to rene

the us and mexico have agreed to revamp nafta, the north american free trade agreement, in what donald trump called a "really good deal" for both countries. canada, the other member 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 p

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

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 negotiations it ensures better job security isn't pre-conditions strikes by right now pilots

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 suspicion of murder. f

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 seventy five percent of a produc

their original contract set out in the north american free trade agreement on is not up and donald trump says he hopes canada will be part of our white house correspondent kimberly halakhah reports. frequently accusing the news media of not reporting on his accomplishments u.s. president donald trump proper four years into the oval office. oh to listen in real time to a phone call with mexico's president. or you good morning thank you and congratulations together the two leaders jointly announce their breakthrough bilateral 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 labor was cheaper one of the worst trade deals ever on the campaign trail trump promised to renegotiate nafta and bring

deal that replaces parts of the north american free trade agreements known as nafta canada is expected to return to negotiations in tuesday will which co is the director at california trade justice coalition he says canada needs to step up its demands as it enters talks. i think it's something that canada talks about a lot but they haven't been doing enough has 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 enforcement 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 if canada works 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 rouhani says iran will overcome r

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

american free trade agreement — ahead 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 are some key sticking points, in particular

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 resolved in the context without a dea

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 welcomed the overhaul of the twenty four year trade pact as he suggested a new name for it if canada is not included in this thing. this is to do they used to call it a nap they were going to call it the united states mexico train agreement it will get rid of the name nafta has a bad connotation because united states was hurt very badly by now that 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 life span with the review every six years the two countries also agreed that seventy five percent

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 his initiatives to go and look at things that are thirty years old like nafta is and say let's

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 frankfurt this week financial experts say they hope to find potential solutions to get the b

american free trade agreement. today is 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 fiet

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 likely that ottawa will have to agree to new terms on the automotive sect

intensified on thursday as the two sides 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 say our officials did some work they prepared some issues for me and ambassador like hisor to take the decision and where about to go in continue to go shooting into precisely that and because i used to be a journalist and i know how hard it is these waiting outs and boiling we have brought you some cops 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 the key sticking point is chen of this insistence on protecting its dairy industry but trump has repeatedly criticized canadian tariffs of

disagreements between the two countries over the future of the north american free trade agreement had been a major hurdle to renegotiate the treaty which was eight campaign promise of donald trump. talks with canada are likely to stretch into september. has taken a quick look at the market and how some of them have opened a. the nikkei is up ever so slightly, taking its cues from wall street. we saw gains from wall street on friday and that is after the federal bank chief except —— said they did not accept a exhilarating to a straight increases its topic that is it for this edition of asia business report. this is bbc news. the top stories this hour: there's been a mass shooting in florida. three people are dead, many more are injured, after a gunman opened fire during a video game tournament. pope francis has ended his visit to ireland. he says he'll pursue justice for victims of abuse committed by the catholic church. the daughter ofjohn and susan cooper, the british couple who died at a hotel in egypt last week, has told the bbc she's convinced "something in their room killed t

well, it is deadline day for canada to get on—board the north american free trade agreement. sign an agreement by friday or else. canada's negotiators currently in the united states rene race against the remaining sticking points in this landmark trade deal which dates back all the way to 1994. the us and mexico agreed to immune —— a new nafta deal earlier this month but 110w nafta deal earlier this month but now mist and trump is piling the pressure on canada saying they could go on, minus their neighbours to the north. what will the resort —— results of these talks tell us about america's willingness to forge out a deal with another contentious trading partner, china. our chief economist spoke with beijing, saying it may be more complicated than we think. it isn't laughing with china. there is a clear intention to increase tariffs on a wide range of goods. next week we will hear about ta riffs goods. next week we will hear about tariffs on another $200 billion of imports from china. the prospect of some chinese retaliation, as well. this thing isn't going away and i

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 nafta 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 world this week was everybody said their markets are very intertwined so it's important to reach an agreement minute this is a complicated agreement there's lots of things in here that or whole new i would think again it would be very much on board with stronger intellectual property stronger protections modernizing the agreement so i'm hopeful that the open issues with canada can be resolved in the congress without a deal u.

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 seventy five percent of a product

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

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. this has to do they used to call it a nap they were going to call it the united states mexico train agreement it will get rid of the name nafta has a bad connotation because united states was hurt very badly by nafta 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 pro

to replace the north american free trade agreement, or nafta, as it has been known. canada's foreign minister is heading to washington for urgent talks. far right demonstrators clash with antifascist protesters for a second evening in germany. on sunday a german man was stabbed to death. a syrian and an iraqi man had been arrested. the uk pm will announce plans to boost britain's investment in africa after brexit. she is expected to tell an event in cape town that british aid spending in africa should also benefit the uk as well. it's time to look at the stories that are making the headlines in the media across the world. we start with mexico's el financiero. it isa it is a financial press in mexico. it says president pena nieto told donald trump they should celebrate with a tequila after agreeing a new trade deal, but also warned canada should be included. germany's chemnitzer morgenpost is covering the far—right and anti—fascist clashes there. this is the local newspaper. its front page saying the politicians are helpless and the police are overwhelmed, and has

and mexico are reported to be close to striking a deal on renegotiating the north american free trade agreement nafta well that's your business round up coming up next here on the table with monica judd's. from. lehman brothers ten years on a story of ambition greed and megalomania.

free trade agreement. also known as nafta. but the white house has warned it a not win the approval in congress. cow could it impact asia? angela says the carmakers in south korea will feel the pinch. there is quite an audience in that nafta region, japan develops around 1 million cars. the issue there is with the new rules on local content, they are on the back foot because most of those auto—parts are produced within asia, they will have to reduce their supply chain and it will be impactful. what if canada does not play ball? and it is —— it is just does not play ball? and it is —— it isjust a bilateral agreement. how will that play out? will this be sufficient? it will impact asian manufacturers either way, you have a situation like that would be messy for many not least canada, you would see manufacturers selling into that us mexico agreement depending on what it is. canada and asia have beenin what it is. canada and asia have been in recent years expecting something like this, increasing the