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countries in asia are getting more interconnected there s this d.p.p. the transpacific partnership with some southeast asian countries there s also the r c e p a big trade economic area including china that is developing and right now we have in. new agreement with vietnam the e.u. and vietnam that is to fight soon and maybe in the future there will be one agreement between the e.u. and the countries that was going to be my next question what do you what sort of stumbling blocks do you need do you see that need to be cleared in order for this deal with ozzy on to happen well that s still a long way right now we see in the moments that the german companies see more trade more protectionism on the rise so what the u.s. doing right now is we re doing bilateral agreements with many countries in many regions and we need to go step by step so that we have a straight in the wallet so that s the best for the drama companies trade between the european union and singapore comes into effect today
kevin hyde nice he s a foreign trade expert at the association of german chambers of industry and commerce and i asked him why the world s biggest single market and a relatively small city state were so eager to link up. the morning well singapore is relatively small you re right when you look at the population of the size of the area of the land but if you look at trade in the if you look at the economy it s pretty significant the trade one with germany is for awfully around 15000000000 euros you can compare that for example to canada which is slightly larger than singapore but the trade value is similar so this significant for the area for the german economy ok so what significance does this deal have for german distances well german businesses get all the benefits that a trade agreement usually gets it gets lower tariffs that means lower costs for the companies less bureaucracy for example it also means that we have agreements on
this but the hope is that that we form some form of correlation and that the usa are stepping back from the course they are now on the way and this is escalating the conflict the german economy at an economic crossroads currently talk to fica tired from the association of german chambers of industry and commerce great to have your analysis thank you. german companies b.m.w. and siemens who joined us in voicing their concerns about staying and investing in britain the companies all cite uncertainty surrounding a post break as it deal with the european union their criticism was magnified by a new by a new survey among business leaders in six e.u. countries maybe hoffa eight of eight hundred executives polled by the north firm baker mackenzie so there had reduced investment in the u.k. since the briggs it aeronautics company said last week that a no deal scenario might lead to it moving thousands of jobs abroad.