notification after investment deals have already been concluded. and so, if i were the chinese government i would be at least somewhat relieved that this didn t go much further. and so i think that creates a very viable opportunity for audio and dialogues. and i m very optimistic that the u.s. secretary of commerce will be able to visit china towards the end of the month. emily benson, thank you for joining us. thank you for having me. france are seeking their first world cup semifinals in 12 years, but can they get past co-host, australia? we will have a preview of their match after the break. and checkingng voicemail. as my activities permit. i ll cononnect with you. afafter reconnecting with me. get 1.9% apr for 36 months
the other thing as there are a lot of things in this economy that the new finance minister is trying to ride and one of those is a balance of payments crisis which means the country are spending far more in importing goods than it is making exporting goods which are something we ve seen president erdogan this week in the gulf trying to secure deals from the uae and saudi arabia and yesterday it was announced the uae has announced $250 billion worth of investment deals across all kinds of investment deals across all kinds of industries in turkey, one of them a $3 billion. export so that will go towards advancing import and exports. and crucially the abu dhabi consortium will finance an earthquake release funds that rent relief funds which is the reason of some of the tax increases to go towards the historic earthquake that happened almost six months ago. all happened almost six months ago. all right, president erdogan drumming up
one of them is raising taxes of all kinds. we have seen increases on vat and fuel consumption. all of those things in the short term will work to pressure inflation, so actually make inflation rise, which is something the central bank mentioned in its statement today. but in the long term the finance ministry is hoping that it will work to cool demand and bring inflation down. the other thing is, there are a lot of things in this economy that the new finance minister is trying to right, and one of those things is the balance of payment crisis, which means that the country is spending far more importing goods than it is making, exporting, and that s something we have seen president erdogan this week, he has been in the gulf trying to secure deals with the uae and saudi arabia and in fact yesterday it was announced the uae has agreed to $50 billion worth of investment deals across all kinds of industries in turkey,
Saudi Arabia announces billions of dollars in investment deals between China and the Arab world during the China-Arab business conference in Riyadh, strengthening commercial and diplomatic ties.
in the philippines we have a much more diversified portfolio things to japan and the united states. if they are in the mix talking about the big ticket infrastructure investments, if we are talking a larger trade volume standard. i think that s why what i think marcus wants to do is further expand economic relationship with the united states under the specific economic framework. in order to make sure that should china retaliate against the philippines, should chinese aim for some kind of de facto embargo to make its displeasure with the new system with americans across the philippines, then he would have an option. so he is looking for an economic conclusion. but i m not really optimistic about whatever president biden is really in a position to give something major to the philippines in terms of market access in terms of trade and investment deals. i think that s where this meeting is going to be quite challenging for marcos jr. is it possible to say, you know, which side the philipp