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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 20240604 10:34:00

China is applying tojoin its ultimate ambitions? we know china is applying to join this club and any member can veto it so the big question is whether the uk will use its pellets to veto china s membership. it is pointing to other membership. it is pointing to other members saying they have voiced some unease about china joining. but will it also use this to get china to join the club at abide by certain rules, for example about how you treat state owned enterprises and what you can do about funding those? the way they are looking at it in the uk, this is about geopolitical influence and it is a signal of intent, pivoting away towards asia pacific and at the same time trying, the uk hopes, to change the rules. thank you, dharshini david, for explaining. let s focus on europe now, because the latest figures show eurozone inflation has fallen sharply for the 12 months to march. it s not unexpected, and it follows a series of falling domestic inflation numbers across the eurozone ....

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