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Transcripts For BBCNEWS World Business Report 20240706

the uk has struck a deal to join a trans pacific trade pact consisting of 11 countries. together australia, brunei, canada, chile, japan, malaysia, mexico, new zealand, peru, singapore and vietnam account for 13% of global gdp. the pact called the comprehensive progressive agreement for trans pacific partnership aims to cut or reduce 95% of import charges or tariffs. but some will be retained to protect sensitive domestic areas. the initial gains for britain will only be marginal, as it already has free trade deals with 9 of the 11 countries involved, and the government s own estimates show being in the bloc will only add 0.08% to the size of the uk s economy. joining me now is marco forgione, dg of the institute of export and international trade. how big a win is this for britain? victoria, this is a huge achievement to the uk. there are three areas we need to look at whenjudging are three areas we need to look at when judging what s been approved. the first is ....

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Transcripts For BBCNEWS World Business Report 20240706

and inflation falls sharply in the eurozone. will the european central bank change direction as a result? welcome to world business report. i mjagdip cheema. let s start with an important trade deal, because the uk has struck a deal to join a trans pacific trade pact consisting of 11 countries. together, these pacific rim countries which doesn t include the usa account for 13% of global gdp. the pact it s called the comprehensive progressive agreement for trans pacific partnership aims to cut 95% of import charges or tariffs. the initial gains for the uk economy may be only marginal, though that s according to the government s own estimates. we re nowjooined by our global trade correspondent, dharshini david. on one hand these 11 countries account for 13% of the world s income, but for the uk it might only be marginal growth as a result, is this a big deal? this a big deal? really good question- this a big deal? really good question- ct this a big deal? r ....

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Transcripts For BBCNEWS World Business Report 20240706

together, these pacific rim countries, which doesn t include the usa, account for 13% of global gdp. the pact, it s called the comprehensive progressive agreement for trans pacific partnership, aims to cut 95% of import tariffs. the initial gains for the uk economy may be only marginal, that s according to the government s own estimates. here s the bbc s global trade correspondent, dharshini david, explinaing what that pact, is all about. cptpp is more thanjust cptpp is more than just a cptpp is more thanjust a mouthful. it is a packed between 11 nations and they are reducing those tariffs and they are reducing those tariffs and they are also making it easier to trade with each other and to invest in each other, supply chains should run more smoothly, but why is it when you look at the government estimates, they are talking about a gain of 8p in every £100 of income in ten years time. the uk already has trade deals with all but two other members of cptpp, so the incre ....

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Transcripts for BBCNEWS World Business Report 20240604 04:31:00

The uk has struck a deal to join a trans pacific trade pact consisting of 11 countries. together australia, brunei, canada, chile, japan, malaysia, mexico, new zealand, peru, singapore and vietnam account for 13% of global gdp. the pact called the comprehensive progressive agreement for trans pacific partnership aims to cut or reduce 95% of import charges or tariffs. but some will be retained to protect sensitive domestic areas. the initial gains for britain will only be marginal, as it already has free trade deals with 9 of the 11 countries involved, and the government s own estimates show being in the bloc will only add 0.08% to the size of the uk s economy. joining me now is marco forgione, dg of the institute of export and international trade. how big a win is this for britain? ....

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Transcripts for BBCNEWS World Business Report 20240604 13:31:00

Together, these pacific rim countries, which doesn t include the usa, account for 13% of global gdp. the pact, it s called the comprehensive progressive agreement for trans pacific partnership, aims to cut 95% of import tariffs. the initial gains for the uk economy may be only marginal, that s according to the government s own estimates. here s the bbc s global trade correspondent, dharshini david, explinaing what that pact, is all about. cptpp is more thanjust cptpp is more than just a cptpp is more thanjust a mouthful. it is a packed between 11 nations and they are reducing those tariffs and they are reducing those tariffs and they are also making it easier to trade with each other and to invest in each other, supply chains should run more smoothly, but why is it when you look at the government estimates, they are talking about a gain of 8p in every £100 of income ....

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