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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 ....
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 ....
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 ....
well, this, imported fossil fuels, to being able to export clean energy to europe as we tackle climate change? it s an ambitious plan, so i m going to be discussing all of that with these three experts. there they are. the big boss of one of africa s largest renewable energy companies, an energy expert from the world bank and a leading moroccan environmental campaigner. also on the show, i m going to sit down with the moroccan government minister tasked with the mighty challenge of making sure everything is in place for this country to enjoy the abundant wind and sunshine whilst transforming its economy. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. and i tell you what, it s certainly warm here in morocco s capital of rabat. in fact, this is a country that s trying to make the most of its natural resources, including the sunshine, to solve one of the biggest problems on the planet energy. that s because everyo ....
billowing from the facility in the port of sevastopol. it comes five days after a ukrainian drone attack in the same area. and a threatened strike by us screenwriters demanding more pay could bring hollywood film and television studios to a standstill next week. a may the 1st deadline has been set for an agreement. now on bbc news, talking business. hello, everybody. a very warm welcome to this special edition of talking business weekly with me, aaron heslehurst. let s go take a look at what s on the show. i m here in rabat it s the capital of morocco to look at this country s potential to solve europe s energy crisis. this north african country is making the most of its abundant sunshine and wind to lead the way in renewable energy. but the question is, can morocco turn itself around from being dependent on, well, this, imported fossilfuels, to being able to export clean energy to europe as we tackle climate change? it s an ambitious plan, so i m going to be discus ....