The message as the eu and japan close in on a huge free trade deal, but can it see off the rise of protectionism and nationalism . Plus high steaks scandal why a Corruption Probe is carving a slice out of brazils multi billion dollar meat industry. Welcome to World Business report. Im ben bland. In a moment, its 30 years since kfc launched in china, but the nations hunger for fast food is slowing. But we start in brussels, where, in a few hours time, the eu and japan will sign off a major trade deal covering everything from cars to cheese. It comes despite doubts Around The World about free trade deals and the rise of Trade Protectionism in the us under the trump administration. Lets show you the details. Japan and the eu account for about a third of global gdp thats 21 trillion. Both sides believe their Trade Relationship has room to grow, to get even bigger. Eu Officials Say the deal will boost the eu economy by 0. 8 , and japans by almost a third of a percent. Among the big winners,
Celebrations marking the 70 anniversary of the countrys independence from britain. Singer taylor swift wins her Sexual Assault case against a former radio dj. Good morning. It is tuesday, the 15th of august. Welcome to bbc newsroom alive. The Brexit Secretary has confirmed that the government wa nts to has confirmed that the government wants to negotiate a temporary Customs Relationship with the eu for when the uk leaves, similar to current arrangements. The Eu Commission has welcomed the proposals, but Opposition Parties here save the document lacks detail. Britain would also seek to be allowed to negotiate trade deals with countries outside the eu. Although members of the Eus Customs Union are barred from striking such agreements. Adam fleming explains. Under the Customs Union, the eu has one external border for the import of goods from abroad. If import taxes, known as tariffs, are paid, they are paid when that product enters this area. It can then move around between countries with
The World Economic forum in davos to get the inside track on how the worlds biggest institutions are dealing with the challenges of Cyber Security. The chief Technology Officer at Bank Of America will be joining us. Also Cambridge University is recruiting a professor of lego. So we want to know if the ubiquitous Building Blocks are now more than just childs play . Are you a Master Builder . Let us know. Just use the hashtag bbcbizlive. Today, for the first time ever, a Freight Train from china will arrive in the uk. It wasnt intended as a symbolic statement, but with the british Prime Minister now confirming the uk must leave the european Single Market, the trains arrival does illustrate that post Brexit Britain may need to look further afield for its trading partners. Theresa may used her much anticipated speech yesterday to announce the uks priorities for upcoming brexit negotiations. Leaving the Single Market means britain will lose the right to trade with the European Union without
Eight long years in the making the European Parliament backs a Big Trade Deal with canada. Could it serve as a model for a future british deal after brexit . Second time lucky . Prosecutors in south korea get another shot at arresting the big boss of samsung. That bloke in the middle with the suit welcome to World Business report. Good morning, britain. Hello, world. Iam good morning, britain. Hello, world. I am sitting down for once. If this is your first i am sitting down for once. If this is yourfirst time, i i am sitting down for once. If this is your first time, i have i am sitting down for once. If this is yourfirst time, i have eight minutes to tell you what is going on in the business world. After eight years of negotiations, the Eu Parliament has approved a landmark Free Trade Deal with canada. Lawmakers in strasbourg voted in favour of the so called ceta agreement, which is hoped to add billions of dollars both sides of the atlantic. Once fully implemented, the deal will elim
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