35 Burst results for "World Trade Organization"

 As Ukraine war grinds, world pushes for way to get grain out

AP News Radio

00:41 sec | Last month

As Ukraine war grinds, world pushes for way to get grain out

"Russia's pressing the west to lift sanctions imposed because of its war in Ukraine claiming without proof that the restrictions are preventing millions of tons of grain and other agricultural products from leaving Ukrainian ports Ukraine's one of the world's largest exporters of wheat corn and sunflower oil but the war including a Russian blockade of its ports has prevented most of these products from leaving now Kremlin spokesman Dmitry peskov has tried to shift the blame to western sanctions saying we accuse Western countries of taking a series of unlawful actions that has led to the blockade the World Trade Organization's director general says this food crisis is real and we must find solutions

Ukraine Dmitry Peskov Russia World Trade Organization
The Most Troubling Implications of Hunter's Foreign Business Dealings

The Charlie Kirk Show

02:08 min | 2 months ago

The Most Troubling Implications of Hunter's Foreign Business Dealings

"Sinister at play here. Which is it's very clear that as we dive into the Hunter Biden and the Joe Biden crime family run by Joe himself that American public policy, an American foreign policy. Was changed altered or edited because of the business dealings that Hunter Biden was engaged in. So it's not just that Hunter Biden did all these bad things. It's not that just Joe Biden told him to do it, but it's becoming more and more clear that the reason why these foreign countries and these foreign banks in these foreign energy companies and why the Chinese Communist Party was pumping money in is because they were getting something in return. Now we have laws against selling access for a reason. This is not just a crime that is impacted one person. It's not just like Joe and Hunter Biden went to the side of the street and stole a purse from somebody. This arguably impacts everybody. It impacts the entire free world. So when you have Joe and Hunter Biden going to China, receiving an extraordinary amount of money from China for no reason whatsoever. It begs the question, what decisions were then made as a result towards China because of that payoff? A Peter Schweitzer has a great one liner that he says the Chinese use a lot, which is bad mouth big help. That is how the Chinese describe Joe and Hunter Biden. They might talk a good game with China here and there. But they're a big help. You know, challenge their status in the World Health Organization. They never want, I mean, in the world, not just the World Health Organization, but in the WTO, the World Trade Organization, I should say. They don't want a full fledged investigation into the origins of the virus. They don't want sanctions on China. They might talk a good game here in there and they don't even do that very well, by the way. But it really does beg the question how much of this we're seeing unfolding in America is pay to play by our enemies in our adversaries. The New York Post

Hunter Biden Joe Biden JOE Chinese Communist Party China Peter Schweitzer World Health Organization World Trade Organization America The New York Post
Author Gordon Chang Describes His Robust Beliefs About Communist China

America First with Sebastian Gorka Podcast

01:48 min | 11 months ago

Author Gordon Chang Describes His Robust Beliefs About Communist China

"Us a little. Bit of who. Gordon chang is and how you got the very robust beliefs that you have today said. I'm a writer. And i wrote a book the coming collapse in china in two thousand one in which i predicted the communist party would fail in ten years so as wrong about that The reason why i wrote that book was because lydia ni- were living in china We moved their august. Nineteen ninety-six because i went there to work for my primary client citibank. We were doing all sorts of deals and it was a very optimistic time. And i can remember when we moved to shanghai. Lydia got on the phone and said mom china's not communist anymore. And i agreed with her because i saw clients they would buzzed into shanghai. They would stay at the grand. Taio was just one of the most spectacular hotels in the world and they would say the same thing but as we lived in china As we traveled around talk to people work there We saw a very different country and that led us to believe that the regime was not stable. I think it still is unstable. It was able to get through largely because of the two thousand eight downturn and also because companies didn't hold china to its world trade organization promises which i thought they would so i've been wrong about timing but we're seeing a china right now. That is a dangerous now. A lot of people say that it's dangerous because it strong. I think it's dangerous because it's weak but fundamentally we have agreement on one point and that is that china poses and existential threat to the united states and to the international system.

China Gordon Chang Lydia Ni Shanghai Citibank Taio Lydia United States
Australia Takes Wine Dispute With China to WTO

BBC World Service

00:50 sec | 1 year ago

Australia Takes Wine Dispute With China to WTO

"Says it will formally complain to the World Trade Organization over China's decision to impose up to 200% tariffs on Australian wine in 2019 China border nearly a billion dollars worth of wine from Australia. That figures indicated since November, when Beijing imposed his tariffs, trade has virtually collapsed, showing China's ability to severely damage of foreign industry. Dante in is Australia's trade minister. We believe that we need to take every action available to us to try and resolve disputes where we think that harm has been done to sectors or industries in our economy. And in this instance, we believe that the actions taken by the Chinese government have caused serious harm to the Australian wine industry.

China World Trade Organization Australia Beijing Dante Chinese Government
U.S., EU Suspend Airbus-Boeing Trade Fight

WSJ What's News

02:08 min | 1 year ago

U.S., EU Suspend Airbus-Boeing Trade Fight

"After a seventeen year battle the longest and most costly in the history of the world trade organization the us and the eu have agreed to suspend their trade fight over government. Subsidies to boeing and airbus the resolution is part of a broader effort to improve transatlantic relations. And it may allow the allies to shift their attention instead to a common competitor china. Joining me now with more is our aerospace reporter. Cameron highs on. Thanks for being here. Pay glad to be here so doug before we get to the new agreement. Can you remind us how this all started. How did boeing and airbus become wrapped up in this while the legal disputes date. Back to two thousand four. The friction between the two parties actually dates back. The best part of their two years boeing used to be the dominant producer of commercial jets. Airbus with european government support started and chipped away at that market. So that kinda made the the. Us concerned about high. That government age was the starting in. There is the market that then brought in the manufacturer's who've been trading blows for the best part of twenty years now so over the course of many years this has really been a battle between the us and the eu. And it's cost importers a lot of money. Can you give us a sense of the scope of this battle. Well that's right. And it spread beyond aircraft to any number of industries high-profile wise whiskey and bourbon and cheese and close all told the calculation is something in the region of eleven billion dollars of tariffs have been imposed on companies on both sides of the atlantic and only a small fraction of that is actually applied to aircraft. So what made the conditions. Now more amenable to reaching agreement the best way to describe this is a truce. We have a new administration in the us. Which is trying to improve. Its trade relations just with the eu but obviously notably china so abroad environment which is looking for better. Trade

Airbus Boeing European Government EU United States Cameron Doug China Atlantic
Biden Backs Waiving International Patent Protections for COVID-19 Vaccines

America's First News

01:47 min | 1 year ago

Biden Backs Waiving International Patent Protections for COVID-19 Vaccines

"Morning, the U. S trade representative announcing that the Biden administration supports a waiver of intellectual property protections for covert 19 vaccine patents. Will advocate the lift The measures with the World Trade Organization representative Catherine Tie, noted that President to Biden strongly believes in the protections but considers the waiver needed S O that Other countries, especially those experiencing a surge and infections like India can ramp up their vaccine programs. The White House has faced pressure to support the waiver. But critics and some drug manufacturers argue it's too risky and won't actually increase global vaccine distribution. In fact, Visor board member of Dr Scott Gottlieb Says the U. S. Needs to be honest about the process. Look, We just need to be honest about what we're promising when not if we promise that we're going to give away the AIP were not promising that anybody is going to get a dose from the manufacturing facility outside the United States for at least a year, And that's not the most circumstance I think could take longer than that. I think the Chinese and the Russians do have the capacity. Copy these vaccines. There's one vaccine manufacturing South Africa that we could potentially work with to do a tech transfer to stand up manufacturing in that facility. They couldn't make a vaccine soup to nuts because this is a multi part process different facilities and needed for different parts. This process, even fives and manufactures the vaccine over multiple facilities they could take on, perhaps to fill, finishing or some parts of the state steps involved in manufacturing vaccine. It would take time it would take at least six months to a year. You'd have to put personnel new equipment in there to do that. I'm not saying it's impossible, but it's not going to be something that solves the problem in next six months, maybe the next 12 months. Audio courtesy of CNBC. All 164 members of the World Trade Organization will have to agree on the matter before Ah, waivers implemented.

Biden Administration Catherine Tie Dr Scott Gottlieb World Trade Organization U. Biden White House India South Africa United States Cnbc
US Backs Waiving Intellectual Property Rules on Vaccines

AP News Radio

00:37 sec | 1 year ago

US Backs Waiving Intellectual Property Rules on Vaccines

"The by the administration says the backs efforts to make it easier for more countries to produce additional covert nineteen vaccines the administration's putting its support behind efforts to waive intellectual property protections for the vaccines that comes amid World Trade Organization talks over easing global trade rules to speed the pandemic's end still the administration's warning it will take time to reach a global consensus to waive the protections under WTO rules US officials say the move will not have an immediate effect on the global vaccine supply sider mag ani Washington

World Trade Organization United States Ani Washington
A Look Inside The World's Biggest Vaccine Maker

Short Wave

06:28 min | 1 year ago

A Look Inside The World's Biggest Vaccine Maker

"So rosa palm trees here green lawns. A little bit like a college campus riding in a golf cart up to the factory. Your some of these are the migos month. Rubella reviews vaccine serum institute of india was already the world's biggest vaccine manufacturer even before this pandemic the company says two thirds of all children in the world. Get its vaccines and most of them are made here. At a sprawling factory complex in western india inside conveyor belts with all these tiny little vial weasing going for automatic resilience section automatic. Visual inspection is inspecting me europe machine. It's a high tech operation but look outside the factory window and you see a reminder of this companies more humble roots horses in the nineteen sixties. This was a farm breeding race horses and one day. One of the horses got bitten by a snake. Suresh giada serums executive director. Explains what happened next. Bimbos do the lanes. Were not working great in india so he could not get their disney. We could not get anti snake venom serum in time the horse died but it's owner had an idea you said yesterday why not start making it ourselves. So the serum institute of india was born. It began making serums against tetanus and snake venom and leader added vaccines against all sorts of childhood diseases. They specialize in generic versions at low profit margins and export to one hundred and seventy different countries last spring. A tiny package arrived here by career from oxford university in england to the very small. While is one in chief scientist. Shali graham describes what was inside components of a viral vector vaccine against the corona virus serum scrambled to start mass producing them immediately in huge floor to ceiling stainless steel vats of the one. Embryonic human embryonic kidney selling yeah scientists petty ready recalls how he was developing other vaccines these fats when his supervisor told him to quickly convert everything over to the corona virus vaccine while under lockdown as the pandemic exploded it was difficult to follow very strict rules of solution during this People to do overtime. This was before. Clinical trials showed that the oxford astrazeneca vaccine would work. It was a gamble with so much at stake. He says everybody's waiting for the all mankind waiting. The whole world is waiting for it to this winter. When trials finally proved this vaccine did indeed work is celebrated internally. Not like party or something but we had that moment of joy gonna champagne. No no serum hopes to soon be churning out a hundred million doses per month of this one vaccine on top of all the other vaccines they're still producing here. The oxford astra zeneca. Formula is particularly attractive to india and other low and middle income countries. Because it needs just regular refrigeration not subzero temperatures. This is for storage area. The capacity of seventy million dollars. So what we're looking at here is enough to vaccinate. Whole countries is ongoing process of building out of cold storage along these conveyor belts and out to sixty eight country so far racing against russia china. In what some are calling vaccine. Diplomacy india's huge capacity is attracted interest from the so called quad. The us japan. Australia and india. They announced financing to help another indian producer make a billion more doses of another co vaccine but while indian manufacturers are partnering with global pharmaceutical companies. The indian government is challenging pam at the world trade organization. There is an agreement that binds all wto members to certain levels of protection for intellectual property. Twenty year patents. Regional thrashers legal scholar at the global development policy center in boston. She explains how india and south africa are asking the wto to suspend those patents. Cova vaccines so that companies like serum can crank out generic versions quickly and in certain countries the majority of the population won't be vaccinated for something like five years that gives those viruses a long time to mutate. So the argument they're making is not. Hey look out for us but more this is in the interest of all of us. Everyone serums executive director. John says he supports that effort at the wto watery required is a vaccine today. Not tomorrow you want to stop the disease and stop it sprayed and that can happen. Only if there is no restriction on using technology many global health experts agree. The pope has said he does too but some companies including astrazeneca have pledged to sell vaccines at cost without profit and suspending. their patents. They say is not the answer it would kill innovation and would not speed up distribution bottlenecks more to do with supply chains than access to the vaccine technology itself. Both sides of this debate are over emphasizing. The role of patents. Daniel hamill is a law professor at the university of chicago. He says the serum institute success chose a middle path. It got a license from astrazeneca. It's been able to mass produce vaccines within the current regulatory environment ensures the potential licensing arrangements without cancelling patents ceremonies if you're disabled to gain rights to make vaccines on a large scale. That's a good thing could serums factory. As vials of corona virus knock scenes wiz off conveyor belts inside chief scientist ms. Shali graham points to construction underway outside a new pandemic preparedness facility for another year or two renew community that has not actually ideas to have extra machines extra labs all on hand to make billions of doses of vaccine against whatever virus hits

India Rosa Palm Rubella Reviews Vaccine Serum Suresh Giada Serums Serum Institute Of India Shali Graham Oxford Oxford University Global Development Policy Cent Disney Golf Astra Europe England Indian Government World Trade Organization Thrashers Astrazeneca PAM
China says manufacturing 'greatness' still 30 years away

Monocle 24: The Globalist

01:57 min | 1 year ago

China says manufacturing 'greatness' still 30 years away

"Let's talk about china. I there because of course they in the middle of their annual meeting right now But there are stories saying that manufacturing greatness is still thirty years away. Yeah this is extraordinary. So a third of the world's goods on manufactured in china it's been the great manufacturing success story. It's been astonishing how quickly it's happened. Particularly since china's entry into the world trade organization which has about fifteen years ago. If i remember correctly but what is extraordinary as you said it The people's congress this vast vast meeting where all the sena powerful players in the communist party get together. How i wanted the communist party Get together and plan the future. And and and one of the top government advises made this warning. And i think this is on the back of the rift with trump the trade wars and particularly very important chinese companies being blocked from accessing. Us technology such as walkway buying critical components. And what he's pointing out is yes. We may be really good at making clothes or making low tech. But we and we all getting better at making high-tech cars and phones but what we're not is the make very good at making the really really high tech products that go into those phones. So semiconductors so artificial intelligence and what he's saying is core technologies are in the hands of others and this is for some time. We've known that then there may well be sort of two competing global technology systems. And this really sounds like this is going to develop even further. The plan from the chinese government from beijing is that they want to control their own access technology because they do not want to be dependent on america and political interference such as we saw from trump in the last five

China World Trade Organization Communist Party Congress Chinese Government United States Beijing America
Okonjo-Iweala begins first historic day as WTO director-general

The World

01:36 min | 1 year ago

Okonjo-Iweala begins first historic day as WTO director-general

"A lot of work to do. So I feel ready to go motivating words today from the new head of the World Trade Organization, the arrival of an go Z or condo, a whale A and a six month leadership void at the W T o International body based in Geneva, governs trade rules between countries. Okonjo you wail. His candidacy had been held up by the Trump White House on her first day. She's making history as the first woman and first African to serve as w. T O director general absolutely do feel on additional burden. I can't lie about that being the first woman and the first African means that one really has to perform. That was a con job away. The last month. She's a Harvard grad on economist and dual citizen of the U. S. And Nigeria with a 30 year career in international development, including Time is managing director at the World Bank. Biden administration announced its strong support for a condo you, Ella. Still, there was controversy. Senior African leaders of the United Nations recently complained about what they called racist and sexist media coverage of her appointment. For her part to conjure you. Ella has said that she remains focused on making the changes needed at the W T O. It's led to me that deep and wide ranging reforms are needed. And as I said, before, you cannot be business, as usual at the W. T O in her first speech is head of the W T o today and go Z and conjure you. Ella reiterated that point she said she can on Lee deliver results if members except that we can do things differently. Most urgent priority, she said, or to address the impact of the cove in 19 pandemic and climate change

Okonjo Trump White House World Trade Organization Biden Administration Geneva U. Harvard Nigeria World Bank Ella United Nations LEE
China State Media Says Biden's Early Policy 'Smacks of Trumpism'

Bloomberg Daybreak Weekend

05:35 min | 1 year ago

China State Media Says Biden's Early Policy 'Smacks of Trumpism'

"Campaign Republicans sought to portray Joe Biden is likely to be soft on China, but an editorial in Chinese state media this past week Says the Biden administration policy toward Beijing Quote smacks of Trumpism Bloomberg Economics reporter Shawn Donnan has been tracking trade policy. He joins me now for some insight into what to expect, Shawn. It is always a pleasure. Thanks so much for joining me. Thanks so much for having me. Okay, let's start on Capitol Hill. Lawmakers considering Biden administration nominees, including Katherine Tie By those pick for U. S Trade representative. You've been following this hearing. What is your takeaway Ben from her appearance before lawmakers. It's really interesting. What we're seeing from the Biden administration is a real change in tone around trade. At the very least, we're still not Getting a whole lot of specificity in terms of what sorts of policies they're going to do. What Tangible steps they're going to take when it comes to dealing with China and other trade problems that they threw US faces But way heard from Katherine Tie this week is a real effort to portrayed administration. That wants the focus on getting rid of the chaos and trade policy that some people, really, especially in the business community, really agonized about what kids Trump administration and moving towards something more delivered is more process driven. Uh, probably smarter is their their their idea. Now she had made a pretty strong case for China to live up to the trade agreement. It has already eat with then President Trump. Where's that now? Yeah. So we're in this really interesting situation. Where President Trump if you remember in January of 2020 find this deal with the Chinese. He called the phase one deal in which the Chinese committed to, uh, to step up their purchases of American products. Everything from farm Exports to airplanes and other manufacturer kids on go also to make some changes and how they enforced intellectual property rules. And so on. And then, of course, we got the pandemic and everything kind of went askew. Um, but one of the big questions surrounding the Biden administration coming in is are they gonna make, you know? Are they gonna Look at that deal and use that as the basis of the economic relationship with China and the way that the Trump administration with them. Are they gonna seek to make China live up to that deal, and it's purchased commitments and other things like opening up its market financial services companies out of the U. S also You know the type provisions? Well, what we heard from Katherine tie this week. Is that well, that's the deal that we have with China, and that's the deal that we're gonna be. We're gonna be asking them tow live up to you. So that's the first step. We know that they're gonna Um, they're gonna enforce that deal. That's what Katherine pies signaling. But then there are all these questions about what comes back. Of course, Phase One implies that there's a phase two. And right now, this huge questions about whether we ever see of face to agreement, and that's gonna be down to what the Biden administration chooses to do it face to agreement would really get into some of the structural issues. In the relationship and the ways that China competes unfairly, according to American businesses, And those are things like the subsidies that the Chinese Communist Party gives to, Uh both state and private companies and united China in the form of cheap electricity. Cheap loans on Shawn So you know, we're getting a little bit of a hint, but a lot of questions still left Now, a lot of this and you touched on this briefly. I want to dig a little bit deeper. These agreements are often about enforcement, not just words. But how they're going to have some teeth now, What are you expecting from the Biden administration when it comes to trade with China and enforcing those deals? Yeah. So one of the features that Bob Lighthizer of the President Trump's U. S trade representative was very proud of in the China agreement was an enforcement mechanism that there was a way for the US to, uh hold China accountable and impose tariffs and another punitive measures. If China didn't live up to the deal, we don't yet know what the Biden administration is going to do. We haven't yet had that situation. Where, Um, we're looking at an enforcement case. But that's ah, huge question that we also know that the Biden administration may choose to take another route in terms of enforcing a deal like this or taking on China, another in other issues. Trafford Ty used to be the chief China enforcement officer at the U. S Trade representative. Office. She's the one she was the lawyer who was literally arguing before the World Trade Organization cases on behalf of the US against China. One thing she said this week is that By administration expect to engage and take a leadership role at the World Trade Organization again. And so that means that the administration made may choose to go there rather than the bilateral route, which kind of took the U. S and China outside of the existing global trade rules.

Biden Administration China President Trump Trump Administration Trumpism Bloomberg Shawn Donnan Katherine Tie U. Katherine Shawn Joe Biden Katherine Pies Capitol Hill Beijing Chinese Communist Party United China Askew Bob Lighthizer United States Trafford Ty
Australia to seek WTO intervention in barley row with China

Bloomberg Daybreak: Asia

01:19 min | 1 year ago

Australia to seek WTO intervention in barley row with China

"Take the China barley tariffs to the World Trade Organization. They're saying this is a logical and appropriate next step as they see this trade war, I guess. Heat up. With China so Australia to make a request here to the WTO's after China's barley tariff. Let's get more on this with Steve Breast chief investment strategist at Standard Chartered Private Bank, because I guess it is just a reminder that the trade war whether it's between the US and China or Australia and China is still something very much of the four and still could be something that would be a big risk to 2021. Yeah, to see if you're looking at the risks that they're out there. I think you'll see that the vaccine being dispersed in an efficient manner is one thing that we need to watch but also then Relations with China just generally, you know, everybody's assuming a czar, we that you know the U. S on DCI China that they'll still have issues that they sold, but they'll work together to try and solve them border than the previous administration. But you know, it's just hot lights. It's still going to be tricky on. Therefore, we may see risk of metal bands of risk off environments around trade tensions from time to time. Yeah, when it comes to the new but an administration as you say, perhaps not a potential reset exactly on January, 20 do you expect, though, that we will see a guess a better relationship than what we had seen under the Trump administration. Well, I think it would be more predictable, which I think is, you know, T China, even if it's still quite company, confrontational in terms of having different objectives and trying to you know they're trying to achieve or modify those that's still going to be the case, but at least it will be done in a way that not through Twitter and 31 arm of the government. I'm saying one thing, and then the president saying something totally different 24 hours later, so I think it will still move in a similar direction. Just be less uncertain Day today.

China WTO Steve Breast Standard Chartered Private Ban Australia Trump Administration U. United States Twitter
Three Weeks Until Britain Leaves The EU And What Needs To Happen

Monocle 24: The Briefing

07:36 min | 1 year ago

Three Weeks Until Britain Leaves The EU And What Needs To Happen

"At the very real risk of causing listeners to drop abruptly dead with boredom and irritation brexit apparently down to the wire in the loss ditch behind the last chance saloon not the eleventh hour with the clock ticking deafeningly etc ad infinitum three weeks from now the uk will have exited the transition period and be entirely out of the eu. But we still don't know on what if any terms it is said that absolutely everything must definitely be sorted out for certain by sunday but we have heard this once or twice or several dozen times before. I'm joined with more on this bilateral price former director of communications at ten downing street Let's first of all to the field of political communications. Boris johnson as we heard the top of the show says a strong possibility of no deal. Is he lowering expectations before coming home. Brandishing some sort of bogus triumph. Or is he actually lowering expectations. Well is definitely a lowering expectations of there being a deal. So that will all talk about how often it would be if there's no deal and he can then Wave flag come whatever day. It is won't be sunday but whatever it is and say actually. We clinched victory from the jaws defeat. We gotta deal. Is this brilliant. And it's nothing like as bad as you will vote. Who's going to be will still be dreadful. It'll still be a very bad prospect for the united kingdom in all sorts of ways but nothing like as bad as the no deal what he likes to pretend is in australia which it is and which would be absolutely catastrophic. Ns malcolm turnbull. The film started. Prime minister was saying on the television last night. Even australia doesn't like the australian deal. Are we then looking at a classic from the populist playbook then you create crisis pretend to have solved crisis and then claim credit. Pretty much You you you create barriers to deal which he certainly been doing and has been doing that all the way through. And but at the end of the day if true to form which is what did over the withdrawal agreement which put us into position the at the moment during this kind of interim period just as he did then he caved at the last minute maid not massive concessions to the other countries of the european union in order to get that withdrawal agreement over the line and unless he's prepared to take not only the the huge economic hit to the uk economy but also the massive political hit to his own authority as a result failing to secure a deal and this is prepared to accept all of that that. I still think he's gonna come back with the deal. What do you make all of australia style. Though as an example of political salesmanship of main speaking as destroyed on trying to take it as a compliment but does boris. Johnson assumed that there's some sort of subliminal association between australia and sunshine and vast skies and amusing hoping animals. Yeah i think pretty much the he is. Because of course you could describe it as i said on your program and down to go as the nepalese deal although zimbabwean deal or whatever any other country that only operates under world trade organization rules. He calls it australian australian style deal. So people will think austrailia right. You know we have been there. We we certainly know that the country seems to get along. Fine service okay for them. It might be okay for us completely ignoring the fact that we are totally different economy with a totally different level of penetration to the european market and as mentioned a few minutes ago even the australians. Like what he calls in australia and deal. That said might there be part of boris johnson. Thinking i mean alive though he may be to the potentially dire consequences of no deal. If he's thinking about this brutally politically he owes his position certainly owes his majority substantially to that base voters. Who really won't be happy until we've up the channel tunnel and who would regard any deal as some sort of betrayal and might he be thinking of them and also thinking that the people who wanna deal aren't the kind of people who are going to vote for him anyway. well hostile. He isn't he of those people which is why he's seeking right way to the very very bitter end which were not yet is trying to persuade those people that he is the biggest brexit in the room he will out brexit any of them. He'll be absolutely fervent in his determination to stand up for produce suffering j. and stick tiffany's is up to the european union and just as they would like him to do so that he minimizes the scale factor from them. Come the deal when it does come over. They'll still be a bit of squealing and effectively. Sort of makes them impotent. They can't do anything about it because they were at a time to think about it. They'll be absolutely no possibility of reworking. The deal that he comes forward with and so he's he's got an eye to them the whole time but he's also got an eye to the public as a whole. They are a minority within a minority. The real hard line. Brexit is of kind of ra minority within a minority. He's going to have to fly to general election sometime what he's going to need to show that he's kept the union together. I mean it would be a massive threat to the union whether to breed no deal the union with scotland and the rest of the united kingdom. And he's got to show that his government is competent and capable of delivery on but it says it will deliver. He said he would deliver a deal. It would be a gift to the labor opposition and secure stom- if he fails to do so and all the consequences of no deal all the economic consequences that we've talked about so many times in board our listeners to death with over over past months and years would be at his door. I just simply don't think that that political risk is worth taking in order to be the hero of a bunch of people. Who frankly i'm going to go you did intimate earlier in this conversation. However that you didn't think they would be a deal by sunday so if not by sunday then by win because december thirty first is not far away yet. Well it did it start. It does have to be by december thirty first if that is the absolute deadline that you can't you can't calendar december thirty first comes off after sympathetic and comes before january first and that's just a fact but it doesn't have to be by sunday even if you look at for stunts on the sediment alert delay. Who said that. They say that by sunday. They need to know whether it's possible to get a deal not to actually have the deal now if you may remember the back in july. That was the deadline. When boris johnson said we had to know whether it was possible to get a deal. And if you wanted no deal then we could all be ready for business could be ready for it. We could have got along that path if that was the party wanted. All of that says to me that that isn't the party wants. So when does it have to come. It has to come by the last week. In december the european parliament think has indicated that they would be prepared to sit between christmas and the new year as they have to ratify ahead of time british. Mp's could be cooled back to the house of commons screaming In order to do the same. So and the absolute deadline. It's literally you know days before the end of the year loans prize. Thank you as always. We will doubtless have more from you on that subject. In coming days and weeks

Australia Boris Johnson United Kingdom European Union Malcolm Turnbull Boris Johnson Tiffany Scotland European Parliament House Of Commons
European Commission proposes contingency measures if no U.K. trade deal reached

BBC Newshour

00:21 sec | 1 year ago

European Commission proposes contingency measures if no U.K. trade deal reached

"In talks between Britain and the European Union ever Post Brexit trade deal Despite the fact that there's only three weeks to go before the transition period ends in the UK leaves the EU in earnest. If there's no deal, then Britain will revert to trading with EU members on World Trade Organization terms. That means terrace taxes on goods moving between the two In a few minutes.

European Union Britain UK World Trade Organization
Fishing holds key to Brexit trade deal as talks drag on

Bloomberg Daybreak

05:10 min | 1 year ago

Fishing holds key to Brexit trade deal as talks drag on

"We want to get you the latest on Exit now because hopes for a breakthrough on a trade deal seemed to be on again off again, almost by the minute. So for the latest, we're joined now by David Merrit, senior executive editor for Bloomberg News. And David. I've been watching, I think along with you. The flurry of headlines have seen in just the last hour on where things stand in the Brexit negotiations. Get us up to speed if you could. Yeah, that's right on an office is definitely the right way to describe it in the market, certain reactions that pound whip soaring around. I think it just reflects the really frenetic nature. Off the talks as we really are into this final stretch here, and officials on both sides briefing various bits of the media that things are looking good things looking bad, the most recent reports saying something is imminent this weekend that came out of this morning when there was a bit of uncertainty, the French threatening a veto if they didn't like this deal, saying there was still significant gaps. So you know who to believe. I think what we do know they're still in the room. The pace of the talks really has intensified. What we may need over the weekend is a final political push. That means Boris Johnson, prime minister having a phone call, perhaps with ocean of underlying the president, the European Commission so really broken those final compromises. Both sides probably need to give a few more inches to get this deal done Most of it, though most of the Texas there so we will be waiting. It could come this weekend, but I have. We're afraid I've given up painting, and he did. Deadlines on this, you know, they're only deadline. That really matters is probably the end of transition, and that's December 31st. Right. So we got, I guess just a few more weeks before that comes along. But do we have any indications at this point that we are going to get that top level meeting any time soon between the prime minister and the president of the Sea? We have don't have confirmation, but suddenly things look to be heading that way. And I think it's worth taking a step back here. You know, no. The reporting on the ground, both in Brussels and in London, despite some of the official comments that come out about prom Rooms, disagreements tensions. Those things are kind of normal at this station negotiation. What's really going on behind the scenes, we're told is that career progress is being made. But there are these still fundamental gaps is all the things we know about the fishing access the level playing field that they're calling state aid rules on there needs to be a bit of a barge, Mr Barnier and Mr Frost, the chief negotiators, they cannot do that themselves. They're going to need instruction from their bosses. That's the prime minister and the president the commission, so those two are gonna have to come together at some point. Maybe we're being set up for that as well. There's going to be a grand political gesture. Ultimately, to get this thing over the line. The incentive is there. Neither side wants to be blamed, of course for talks breaking down and for there to be any more economic disruption at this point in time, so we're gonna have to wait and find out the confirmation, But I think that would be the moment to look for over the weekend. All right, well, it is very interesting, though, that France really seems like it's taken an outsize role in these negotiations. I mean, what are the chances that France really could veto a deal of this? Stage of the game. Well, Mr Macron, the President Franz has got slight form on this, of course in not only in the Brexit talks and other big moments in European negotiations, the French going on record today. Say they, Yes, they would trash this deal if they didn't like it. They have actually said this fairly consistently, though, throughout this process, and the French had this big interest in the fishing. Uh, part of this question and also on this kind of state aid that the fairness between the two economies. It's our closest trading partner, the biggest one with Britain, so that relationship is very key. French officials have been touring from the fishing villages in northern France to make a big show of how they are ready for no deal. If it has to happen, But if no deal does happen, those fishing villages are going to be really impacted that they're not allowed to go in. They take the majority of the fish out of the English Channel. If that is stop, that's a big domestic problem. Mr Macron, But he has to be seen to be making us that It's his style, of course, and we've seen it before to make a bit of a stand at this moment in time. But as I said previously the expectations despite what people are saying in public, and he may well be talking to his domestic market, they're more than globally. Ultimately, the people in the room seemed to be making lots of progress. Only about a minute left in our conversation in just a few weeks left until that hard Brexit deadline as you mentioned, is there a sense that some of the sticking points here are just on the Margins or are both sides far enough? Apart from each other that this really could fall apart in the next couple of weeks? I mean, absolutely could fall apart. You know, the history of Britain in the year I'm afraid is ones of both parties talking at cross purposes and on these fundamental questions of sovereignty and who is going to adjudicate over the rules, you know, there is still a significant gap. Someone's got to budge. Someone's gonna blink. Both sides have got big domestic reasons why that is politically difficult for them to do so. Mr Johnson depends on the votes. You people got to me in that landslide last year to get Brexit done in a meaningful way, as he put it. So, yes, the there is a possibility that things fall apart. Both sides of preparing for that New Year's Eve is the deadline, Britain would fall back to the World Trade Organization rules. That means tariffs quotas back backed up Lori's at Dover, potential food shortages on the supermarket shelves and Britain it could be fairly chaotic. They want to try and avoid it, but there still remains a significant chance that that might happen in just a few weeks

David Merrit Mr Macron Mr Barnier Mr Frost Bloomberg News Boris Johnson France European Commission Brexit Brussels David Texas Franz Britain London English Channel Mr Johnson World Trade Organization Lori Dover
How the Biden administration will affect the EU

Inside Europe

03:34 min | 1 year ago

How the Biden administration will affect the EU

"With the biden administration taking office in just under a month. You leaders a counting the days until they feel like they can have a new start with an american team. that's more committed to transatlantic relations this week. The us foreign policy chief. Joseph barrell reveal the agenda he hopes to pursue well joining me on the line from brussels. Is our correspondent. Teri schultz terry. It's not an exaggeration to say most e you leaders a hugely relief with the biden win and believe things are going to be different now. Where does the e u. side wants to start well and they've actually released this document now laying out where they believe. The most progress can be made in the fastest and most efficient way. And that's what you high rep josette burrell released yesterday. And they've got four areas where they want to start the europeans. They want to start with corona virus. Response making that again. A global effort with president trump having pulled out of the world health organization saying constantly america first america first when it comes to a vaccine. That's something that does not sit well with the europeans who are committed to making vaccines affordable and available to the entire world on climate. They are very much looking forward to president-elect biden making good on his campaign promise to rejoin the paris climate accord. That's something that suffers without. Us leadership and i think president-elect biden is is committed to doing that the third one is a little a little tougher trade and technology that you use third priority and that's one where you're not going to automatically see any. Us president stop protecting or trying to protect american tech giant's against for example e regulators who want to recoup taxes from from the multinationals. That's going to be somewhere where we we may not see as quick progress but on trade looking at the world trade organization where president trump is just continually attacked and and made it impossible for the wto to get reforms that the europeans also support. I expect that that will be one of the areas that there will be some quick progress and unwed burrell calls global action and he says this is working toward a safer more prosperous and more democratic world and they're hoping that president-elect biden will put more emphasis on human rights on rule of and on basic democratic values that the eu and the us due to a large extent share but is it realistic for the e. You just think that the biden administration shares these views simply going to sign onto this plan. Or i think europeans may be disappointed by the fact that foreign policy is probably not going to be the first thing on on president-elect biden's list he's got to deal with the corona virus that's just raging in the in the us and and the divisiveness that this campaign and actually the trump presidency has brought about in america and he's got to work on that before he can justify to anyone that he's going to be working on with with european leaders but he very much wants to do that. All of his statements during the campaign to to europeans. Were basically i understand. This is not the way the. Us you relationships should work and he will. He does share a lot of these views. He certainly will not be giving comfort to leaders. Like hungary's viktor orban or the polish government. That is rolling back the rights of women. He will have. He will have a few things to say about that. Which president trump left unsaid or probably didn't even believe

Biden Administration Biden Joseph Barrell Teri Schultz United States Josette Burrell Brussels Terry Paris Burrell EU Viktor Orban Polish Government Hungary
WTO, South Africa and India Propose Temp. Waiver of Covid-19 Vaccine Patent Rights

Seattle's Morning News with Dave Ross

00:42 sec | 1 year ago

WTO, South Africa and India Propose Temp. Waiver of Covid-19 Vaccine Patent Rights

"Groups, said 10. A covert 19 vaccines could be available by the middle of next year if they win regulatory approval, but their inventors need to patent protection, Reuters reports the World Trade Organization. India and South Africa have proposed allowing a temporary waiver to allow essential licensing for patent products during the pandemic. Thomas CUNY, director general of the International Federation of Pharmaceutical Manufacturers and Association, said. Vaccines by Fizer and bio and tech as well as Madonna and AstraZeneca, have shown promising results in large clinical trials. He says they expect that they will see something similar with Johnson and Johnson, Novavax and many others. This report sponsored by the Department of Health,

Thomas Cuny International Federation Of Ph World Trade Organization Fizer Reuters South Africa India Astrazeneca Madonna Novavax Johnson Department Of Health
EU advances plan to slap tariffs on US goods over Boeing aid

Larry Elder

00:28 sec | 1 year ago

EU advances plan to slap tariffs on US goods over Boeing aid

"S slapping tariffs on U. S. Goods over America. Financials Port For Boeing European Union trade ministers have decided today that it's time to move they're going to impose up to $4 billion worth of tariffs on U. S goods and services, and that's in response to what the World Trade Organization says is illegal Aid for the plane make a Boeing Officials are hopeful that tough U. S trade stands under President Trump will soften under former Vice President Joe Biden.

Boeing European Union America World Trade Organization President Trump Joe Biden
"world trade organization" Discussed on KTLK 1130 AM

KTLK 1130 AM

02:39 min | 1 year ago

"world trade organization" Discussed on KTLK 1130 AM

"To the president for trade and manufacturing policy. And his name is Peter Navarro. And we welcome him to the show. Thank you so much for holding on, sir. Plus, it's great. Don't have any more, but this is good. Let's go live audience. Let's start off with with China on DH, you know, Drew Drew mentioned button, but before the break and we were certainly talking quite a bit about China with the outbreak of the of the pandemic, But clearly are you shoes with trying to go back a lot further than that is something that Trump has been trying to focus on for a long, long time in a second Trump administration. Where do you think the focus on China needs to be in one of the primary concerns coming? Out of communist China right now. A couple of things. First. All the history going back to 2001 when China Was allowed to join the World Trade Organization with the vote by a way of Mr Biden. What we saw throughout, particularly the Midwest was blue collar. Carnage We saw over 70,000 American factories disappear over five million manufacturing jobs, and we call that China's economic aggression. And and there's the seven deadly sins I talk about run through him, like really quickly get the cyber hacking of our computers to steal our business secrets. You got intellectual property theft. Forced technology transfer of American companies for access to the Chinese market. Dumping products low cost just put our own businesses out of business. I got a big state owned enterprises that have their way with other companies in the private sector around the world. That's five currency manipulation, which you heard about and then the most girls. Is the killing of over 50,000 Americans a year with their deadly fentanyl. Bloody. So, uh, clearly, what we need to do is address those seven deadly structural fends. Away, President Donald J. Trump has been doing which is to stand up China is the only president ever done that, um, using tools like carrots and sanctions, so that's so that's number one, but Number two We have come January 2020. We entered a whole new game. With the Chinese Communist Party. We saw a Chinese Communist Party spawn a virus in November of 2019 hide that virus for two months..

China Chinese Communist Party President Donald J. Trump Peter Navarro president Mr Biden Trump Drew Drew World Trade Organization Midwest fentanyl theft
"world trade organization" Discussed on 77WABC Radio

77WABC Radio

05:49 min | 1 year ago

"world trade organization" Discussed on 77WABC Radio

"Right now, Hands down, And on top of that you participate in drawing wells. You make a few good wells, and before you know it, If you have a handful of Orwell's you're going to be raking in the cash mark. We have Lister's across the country, so it's New York L a Dallas Houston Austin, Texas. And I'm thinking of our listeners on both coasts right now that pay Ah, lot in taxes. I mean, probably the highest in the country between California and New York is oil and gas. Especially good for people like that. All and gas is Particularly good for people like people to get hammered in their taxes. Everything if you make enough money to pay $100,000 or more in taxes a year. You should be using all in gangs to reduce your tax bill because the government regardless of who is in the White House, the government needs Mohr energy, and it's going to take a long time for windmills and solar panels to replace oil and gas. So we need more alling gas production in our country so that we don't have to buy oil and energy from Venezuela or Iran or some of the other places in the world. That do not like America. So it's better to generate our own energy here through investments by individual investors who get a tax break and then we produce the energy. Deliver it to our industry, our transportation and that's what makes America one of the strongest countries in the world. As we get the news of the week going mark, we should probably lead with the fact that it's still possible to get a tax break in oil and gas and fourth quarter and that's good news to anybody who thinks you know. Here we are in October. The other years almost spent. We're three quarters of the way through the year home again and get a tax break at this point of the year. Well, the answer is oil and gas, and we should talk about that. As we start the news. Absolutely. A lot of people are thinking that like you said, Oh, my gosh. What? You know what real estate program going to get into our what farming are our feedlot programmer and get into The beauty of all and gases. The United States is full of engineers and geologists who are the core of small, independent group exploration teams. They come up with the ideas. To get with other companies who are better at then. Capital formation raise money from individuals who become partners. The partners get the tax break. Oil company gets the wells drilled and every when you make a well, everybody participates in the revenue stream. Should we mentioned that the tax break is 100% of your investment This year is absolutely fairly used to be. It's interesting since about 19 No. Six. It was 70 to 80% in the first year, which is also a phenomenal But then under the 2017 tax revision, it's 100% this year, so you know you can get out and buy some gas wells and redo them. Trail knew all wells. You know, the things we like on this show are gas wells in the middle of existing gas fields, producing Gassville and horizontal wells. I mean, You can beat those. Let's talk about a couple of headlines. OK, OK. Why not headline reads the start of a new oil markets. Supercycle oilprice dot com. What's just means supercycle. Well, you know what? They're talking about A supercycle. What they're talking about is That when a commodity or a group of commodities have been soft in their price, and then all of sudden because of a change in the economy. Like when China got into manufacturing and and, you know, starting in 2001, all of a sudden, the World Trade Organization and in China, they started selling stuff all over the world. They needed energy. That was a super cycle for commodities, oil and gas and other metals. Because, you know you think about it. You have tohave things to make the plastics make the parts to, you know, make medals. So when when China after 2000 won Became a major manufacturer. It was the beginning a supercycle because when you think about it at that time, the price all had been pretty stable in about 24. 2 $30 a barrel now sudden, somebody comes into the marketplace and they need 5 to 6 or more million barrels of all a day. Well, that all is not out there. And Alice and they start buying oil. The price goes up. Then what is the price goes up Independence in the U. S. And other places start drilling more, and it was a cycle that maintained yourself for almost 15 years. Now we've been down for about five years. And what the article is saying is by being down for a while People expect things to stay down covered will go away. All of the trade war between China and the US will eventually go away. It will get resolved and the next thing you know, there will not be enough oil and gas and other commodities and it'll be the beginning of another supercycle. And the best thing to do on a super cycle is get in the market as it starts so own more all in gas wells at the beginning of a cycle. Talk about natural gas because you know, we've talked in previous weeks about Warren Buffett. Jerry Jones, owner of the Dallas Cowboys, big investment into natural gas. Even over the last couple months, you have acquired some real deals out there because you found some people that needed to sell and sell. Now. What's the deal about natural gas? Why is that part of the super cycle? They're talking about the main thing about natural gases. America has an abundance of natural gas.

China America New York United States California Orwell Mohr energy Lister Texas Warren Buffett Jerry Jones Dallas Cowboys White House Austin World Trade Organization
"world trade organization" Discussed on KQED Radio

KQED Radio

05:40 min | 1 year ago

"world trade organization" Discussed on KQED Radio

"Brexit talks have not made more progress and is considering next steps today marks his self imposed deadline. For walking away from talks in September. He said a trade deal had to have been agreed by today's date for it to be enforced by the end of the year. So what now speak to Brussels correspondent? Nick. Nick. Nick. Thank you for joining us on Newsday. What's that? Is it a deadline or not? Give money on them. But this is always voice. Johnson's own deadline. Hey, was pretty clear actually, about five weeks ago, he said that come October. The 15th come today if no deal being achieved Then it was, you know, game over in terms of getting a trade deal between the UK and the U. Since then, London's position has shifted on the latest we hear is the prime minister is going to wait and see what happens at this meeting of the 27 remaining you leaders here in Brussels over the next 48 hours, and he'll then decide what path the UK will take. So I mean, it's still up in the air. But the indications are both sides say that they won't you know, give ground on key areas, But they both want to trade deal because without one, especially with Cove it it could be very, very bad. And what are those key areas of the main obstacles holding of the two sides? Yeah, There's three things that both sides agree on that They disagree on it. As it were. The first one is fishing on this might sound strange because you know it's a very small amount of both the British on the use economies, but it's politically quite significant. And you know, it conjures up memories of, you know, seafaring past particular between the U. K in France and Conflict there so fishing and the extent to which you boats come fish British waters in the future, but also the idea ofthe government subsidies. How much money they can give either struggling businesses in their country or new tech sectors in the future, and also the idea of how they try and resolve any trade disputes there. Loggerheads over all three of those on other stuff. Progress right on again Crunch talks. That's one word that is used quite a lot in this doc's most of latest ous faras. The engagement between London and Brussels is close sundown. Is there anything coming out of those talks? Well, I think we ought to be interesting over the next few days because the British in town anymore for these sort of EU summit, But I think the rose of the leaders of Germany and France so Angela Merkel and Emmanuel Macron will be prime quite critical. Over the next 48 hours. Franz, in particular on the issue of fishing won't want to be seen tto Give ground. I think the most likely outcome will be that you say that. Yes, there needs to be an intensification of talks. We've kind of heard that before, And actually if you talk Two senior diplomats here They think there needs to be some sort of deal agreed by the start or the middle of next month to give it enough time to it to be, you know, signed off a trade deal to be signed off by the respective parliaments, but they need one by the end of the year on what is important to note is that the 31st of December is the one deadline that can't be moved. Yeah, that is absolutely true. Because you know, people have heard of our listeners heard over the past three or four years How these Brexit deadlines have come and gone. And they seem to have bean you know, fallen by the wayside, But yet you're absolutely right by the 31st of December. Deal needs to be in place. Otherwise, for the first time in more than 40 years, the you block on the UK will be trading on World Trade Organization terms, which basically would mean tariffs and quotas you no restrictions on the amount of goods that could be sent between the two countries. That would mean it's more expensive of businesses and ultimately more expensive rule of US consumers. When we buy some The BBC's Brussels correspondent, Nick Big, Thank you. Nick on top headline this morning. Apart from the new state of emergency in Thailand is the owner of a Mexican school, which collapsed in an earthquake killing 19 Children has been sentenced to 31 years in prison for culpable homicide. Monty Kenyon has the latest sports news Highland Terrible night for Harry Maguire in an England shirt hey, was sent off for two bookable offence is in just over half an hour as they were beaten one nail By Denmark and Europe's nations leak. They actually ended the game with two men sent off because Reese James went as well after the final whistle. Meanwhile, the Netherlands scored for the first time under Frank Deborah after more than 320 minutes of play without scoring in one old drawer with Italy. We talked rather a lot about South American football on the show yesterday and the domestic game is going to return in Argentina at the end of the month, according to the head of the country's football association. Arnaud Demare won his fourth stage of this year. Zero detail you, but the overall race leader after 11 of its 21 stages is still Portugal shower. And an historic night in baseball is the Dodgers scored no fewer than 11 runs in the first inning of their National League playoff championship series with the Atlanta Braves. That is a record for a single inning in the postseason means the Dodgers back in it after a 15 3 when the Braves still lead the best of seven series now to one. Vatican and thank you very much. Lets go into business news. Underwood is joining us now from Hong Kong before we talk about the music before we talk about the business news, his music Shoes on been remarkable mill. That's right, Trump not unlike a going thing. I can imagine you.

Nick Big Brussels UK London France Dodgers Atlanta Braves Brexit World Trade Organization Arnaud Demare prime minister Johnson Hong Kong US baseball EU Trump Portugal Argentina Underwood
"world trade organization" Discussed on WTOP

WTOP

01:43 min | 1 year ago

"world trade organization" Discussed on WTOP

"It's been another Green Day on Wall Street. Maybe not quite as good as yesterday. But who's complaining? The Dow is up 77 points at this point, NASDAQ is up 1 58. That's a gain of nearly 1.5% the SNP up 25. The World Trade Organization has ruled Trump Administration tariffs on Chinese goods worth more than $200 billion are illegal. That ruling could allow China to impose retaliatory tariffs. Even with more stringent sanitation policies, mask requirements and new air filtration systems. Americans air not racing Out to movie theaters Weekly sentiment survey from Morning consul finds only 18% of consumers feel comfortable returning to cinemas. And some beer lovers from the East Coast to now live on the West Coast will be happy with this news. Yangling, America's oldest brewer is sending some cold ones out west for the first time since it started making beer in 18 29. Brennan, Hazleton. W T O P. News Thanks Brian Up Ahead on the GOP Breaking news. Louisville has settled the wrongful death lawsuit with Briana Taylor's family. For a big total will have that story coming up to 56. Hi, I'm Patrick Singles owner knew Lacombe design I'd like to share with one of our roofing customers say we knew we needed to replace our roof. But we've just done a kitchen remodel, and the whole thing was a nightmare. So we were apprehensive about doing another project. We kept hearing new look say how easy they make it So we decided to give him a shot. What a difference. They came out. It was total transparency. They gave us a three d image of our house, complete with a list of measurements and the pricing broke down..

West Coast East Coast Briana Taylor World Trade Organization Hazleton China GOP Louisville Brennan America
"world trade organization" Discussed on Insureblocks

Insureblocks

02:11 min | 2 years ago

"world trade organization" Discussed on Insureblocks

"Beat the Full Bang. Aware the WTO. The wants leading blockchain. winning. So I believe in diversity I think it's needed being terms of gender in terms of background. Ethnic diversity diversity is I believe what makes our world which it's what drives progress Jimmy at work. If you want team, you should not have only people with exactly the same background and the same ideas. What you want is diversity to stimulate discussion certainly thinking. To come up with new ideas. So yes, I mean I do think we should try and women to to yeah. Be Active in in blockchain. Well thanks for having invited me to participate in this podcast. US having an for having promoted diversity women in blockchain. This is exactly what we need to leave. Learn on, I, completely agree in. The father of two daughters for me. It's incredibly important to to show the important views and rolette women can contribute, and as you say, it's diversity. In gender at the necessity, which is. Extremely, relevant right now on during this whole movement of black lives matters how. To recognize all forms of diversity, so this is something we're. We're always GONNA. Promote initial blog so I WANNA. Thank you so much for sharing your insights on on whether or not blockchain can revolutionize international trade and there's wraps up this blogs podcast. We hope you've enjoyed this episode. If you like what you heard this week, please don't forget to subscribe to our podcast. We do love especially good reason. Please don't hesitate. I'd love to have you back on the show. Perhaps when this whole pandemic has come down and you had a chance to. Re Look at your periodic table and updated love to get your insights by then, but for now thank you so much. It's been a real pleasure. Look forward to having you back on the show. Thank you very much for having united me. Thanks a lot. And hope to be back soon. Curse.

blockchain US Full Bang WTO Jimmy
"world trade organization" Discussed on Insureblocks

Insureblocks

04:20 min | 2 years ago

"world trade organization" Discussed on Insureblocks

"It's It's one one adamant among others, but when Adam and bet that can be very interesting to stimulate innovation and bring the regulators on board and have the styles between the present sexual in regulators. Excellent excellent, so I appreciate rapidly running out of I I? Just want to ask you to little questions. Maybe not inviter only all around the world. Economic Indicators have been in free-fall with talks of a depression on everyone's lips, Doodoo dacoven nineteen trade has fallen as has finance to support it. So do you believe that? If we had an ecosystem of ecosystem and blockchain infrastructure in place, we could have mitigated some of that fall if yes, how and why? No I don't think so I'm not a medical wind. It won't solve all issues and trade plummeted because of the lockdown bills stayed at home. Many businesses sectors took their activities and I don't think that blockchain could have changed the state of affairs. These being said. Something negative. It's an interesting tool to address almost preaching inefficiencies that the current condemn, it has exposed, and it's true that we've seen. The current crisis has revealed his inadequacies. You know supply chains in the insourcing of some critical supplies such as ventilators. Personal protective equipment, and it has underscored the need for business and governments to improve the integrity and provenance, a pharmaceutical products, and for the supply chains to be more agile, so we've had some counter feeds candles with a means of camping, Portas and being in being seized. and. This is where blockchain can be interesting because I I think one expression that I used in a presentation. I give recently with that. The current pandemic has shown that tracking is vital. And this is blocking can help. Can Be an interesting solution. Respect why because blocking based? Systems, Biden. tamper-proof record of transactions to now for Transparency Trust supply chain as I said. So it allows. Induction allows to easily identify sorts of transgressions and five county seats, and so could help host Dawson have get organizations to trace products on the supply chain in your certified, according to international standards of the authentic in this hospital, actually fighting for example, the device blockchain systems to track medical device routes. Wear or transactions are sorta in in the blockchain, so bed gotten blocking. Even though I don't think it's magical and and..

blockchain Doodoo dacoven Adam Portas Dawson Transparency Trust Biden.
"world trade organization" Discussed on Insureblocks

Insureblocks

05:05 min | 2 years ago

"world trade organization" Discussed on Insureblocks

"The L. Tina Korda emerged a it was developed. The request of banks and a quarter is the civic in the sense that the transaction saw only. Visible to those party to the transactions and knocked to those part of the network, so you have different degrees of transparency, and I think it's for each. Each product each organization, wishing to look into blockchain to decide. What it wants. Why whilst blockchain, because McCain is not necessarily a magical solution for everything mason, going to own problems or shoes. And so is first necessary to have blockchain and a few things that it can bring something. Then what how do you want to a organized your your platform and the many many different ways of about it in many different levels of transparency, different models of governance so it's. mitzi faceted world exactly exactly so I just WANNA. COME BACK! You know to to your initial interests, you know which is a lot to do SME's and the WTO estimates that between eighty and ninety percent of trade relies on trade finance yet there is a one point five trillion dollar gap between the market, demand and supply for trade finance are KYC aml requirements remained the most cited barrier with high transaction fees and low credit ratings running out the top three. So the small and medium size enterprises remain disproportionately affected by these and other bears experiencing forty five percents rejection rate on proposals, which is much lower much larger, sorry than the seventeen percents seen by multinational organizations, Haagen blockchain play a role in reducing the one point five trillion gap and helping us to access trade finance. Is it through this example? You know you were saying about supply chain finance demane approach. I your right to know that is face. Great difficulties violence to this one point five trillion trae pines gap. which has been? Fairly stable over the past few years edition, he may go off. The pendant now there are many reasons for these gap, but one of them is the difficulty of small businesses to single the thickness to be finance. And in that respect, blockchain could be interesting because it allows companies to to have an identity punky to have an immutable evidence of business, if dom now currently even a semi wants to get Finance Nicholson Bank and while they have to show how much business it's on and healthy. They are I to to be finding and so usually. I'm initially books. Okay here you are! You're my books and Oh, by the way in many cases there. So, good luck to them and now blockchain. At this records, because digital everything is track time stand, it's miserable. Italy's these records to be easy to assess and check, and so in that respect it can. It can facilitate trade finance. Supply chain finance exists with blockchain. It's. What approach that has been followed indeed to try and help as as A. Virus, which often is. Accessed refinance on, better conditions..

Haagen blockchain Finance Nicholson Bank Tina Korda WTO McCain SME Italy mason
"world trade organization" Discussed on Insureblocks

Insureblocks

03:04 min | 2 years ago

"world trade organization" Discussed on Insureblocks

"Have tried to build those bridges, but I can't do it on my own and a Rennie thing that we need to to work together. We will need to create this governance structure, and for the moment it's not there. Yes yes I mean got governance in you know the regulatory. The regulators institutions all collaborating is definitely something which is very important, and as you say, you know we need to resolve is digital island problem. And what are you of us on this recent announcement? Regarding? Hyper, Ledger Cactus, which is looking at bringing? Apple Fabric, he theorem and corridor to to look at this whole question of interoperability is is something that you've had a chance to look at? I think it's very good. It's very good and are welcomed this because we need more of that. We haven't aged CACTUS. is trying to address one aspect of inter appropriate in our. You have integral nitty shoes at different levels. So so we need more than just had major captures, but clearly this is one element that that counts that will help us build some interoperability to between the different platforms. Exactly Not Appreciating we've kind of gone off and a little bit of an a tangent I. WanNa bring it back. You know to to international trade because. In documenting e talk about four processes over international trade where blockchain can help. Could you please give us a brief introduction to each of them? In how can blockchain can assist sure is indeed at a referred to. To these process, commercials, actions refinancing transportation controls, but actually mainly look at those that directly related to w to you to donate to issues of trade, finance, transport and obstacle measures. In other words, so customs terrence. Now in, did you? I think you could write a book on issues sauces. But Just simply five, an international trick action involves various roles. You have physical flow. You move the goods from point a to point B. and that's where transportation logistics. Is Critical, then you have the financial flows which is moving money from the center at. Fire from the The buyer. Sorry to the center and this is where trade finance comes into play. Underpinning. Lewis you have the documentary flu, so the berries documents that on this article Pete, the transaction you need to present a certificate storage in a fight to scientific kids. You need to present different documents like the of mating for example on that I, really mentioned. Now in all these processes, there are many actors in bold as already mentioned to you in quarter, you had the exploratory. Have banks trade finance you have cakes will water the ocean carrier and the air, or in transportation services to of the goods you have the authorities and are more than just one. You have the since authorities which you can have. A number of authorities also involved to deliver the gift certificates. Now why is an interesting for these different processes, because it allows the multiple players to contract with each other in real time and hydrogen bombs..

Apple Lewis Pete The buyer
"world trade organization" Discussed on Insureblocks

Insureblocks

03:47 min | 2 years ago

"world trade organization" Discussed on Insureblocks

"Who took to each other that we will need another body to sort of standardized these different standardization approaches and bring everybody together. Exactly, that's where we stand. Yes, so many initiatives out there, but for the moment we haven't really connected the dots and I believe this is something that is truly needed. We do need to work in a coordinated manner to to make it happen, yes. And that's interesting. Because actually one of the questions, a half for you is so we've we've done you know podcast with You know Nagy who it from. The, world, Economic Forum and with Peter has got this from the European Commission, and M- also wear. Calum Malcolm. Y- all of these institutions are all you know looking at blockchain, issuing those know indepth white papers. You know what is blockchain how it is being used? They're reaching out to the blogging community to the business networks. You know trying to get insights. Are you guys collaborating? And because there is all this is being done by each one of you and these these ignificant reports I mean I. really enjoy reading them, but it seems quite a bit of overlap in terms of the work that is being done so that. That's why I'm wondering. Is there some kind of collaboration? Because there are so many bodies as in our by the International Association of Blockchain Applications, which is set up and others were trying to bring everyone together, but. Which ones do you go? For? Which ones do you choose? What is your opinion on that? Excellent question. So yes, we collaborate. Yes. We worked together Adam as the WTO. Contact Person Blockchain. I work closely with the European Commission with West and products. There with expert communities in Nigeria I. Sit on, the net backup buys serie. At work. Very closely with the ICY UNC side. What I think we're missing at right now is someone to rainy. Pulled that all together. Because we? We are all interacting with one another. We all exchange ideas and work on some projects, but there is no real governance structure that brings us all together. At the same time to think about these issues and I think this is, this is needed I. do think that Interagency Cooperation is critical. I've always said well. Blockchain is technology that been have break silos, but what we need to make sure that we do not recreate silence at another level this and we can only do so if we all work together, and this is a point that I make in my book and Brockton Revolutionized International Trade I. All actors involved in International Trade to work together to find connected solutions to the challenges that to be addressed for blockchain to have a transformative impact on trade be liberated standards of next year. She started really thing that we need immunity stakeholders, style, or to address current challenges and really allow this technology to orchards who potential large scale! As I, said some of his efforts are. Touch when blockchain. Whether it relates to international trade or to other issues. My my hope is that at least one international trade we can work together, and they will be tractor to drive his efforts and have good hopes. The Isis launching is a digital solids initiative, and I have good hopes that it will manage to bring together all these people. I've worked very closely with the ISIS. Tried to push these at odometer. We work mainly with regulators..

Blockchain International Trade European Commission International Association of B Calum Malcolm ISIS Nagy Brockton Revolutionized Intern Adam WTO Economic Forum Nigeria Peter
"world trade organization" Discussed on Insureblocks

Insureblocks

05:45 min | 2 years ago

"world trade organization" Discussed on Insureblocks

"Trade in goods hasn't changed much since the invention of the continuing inference where you the same way, if you were still a lot of paperwork, and the the example that you quoted is very striking example, but it's not the. Other about that full billion paper documents generated each year as as a result of the international trade, so we can certainly do better than that and we shoot. Do better than that for climate change. If we care about planet, Earth Right now has occurred much as I said well not not that much. But the industry's actively looking into it and looking into how blockchain potentially change that? Now they have been many proofs of concept. Some projects like Vaqta Congo for example already in production and chew that traditionally as possible. Most projects are still in somewhat early stages, and we've tried. A NAFF tried we've tried finds global to map the different projects out there in the trade and trade science fields, and you refer to vacation that issued in November last year. Where you have a periodic table of all these different projects Amazon, the situation is a reworking on an update of the periodic table. Because some products may hold some others that we need to cover. But what we show is that the average maturity is only two point three five, which means that most projects are between the Palette face in entering into production, so we're still somewhat in early stages, but as I said. The situation is evolving quite rapidly now. Very interestingly, the current crisis that covid nineteen pandemic has shown that it's possible to with digital. With millions of people were forced to work from home and I work from home right now. So with that many businesses had to digital including banks like offering goals in trade finance and has been a recent isis he studied. That has shown many banks way are taking measures to relax internal rules on regional trade documentation to have combat. The hurdles introduced by condemning the fact that the number of staff members wear a relaxing. We're working from home. That was difficult print that the delays. In delivery or the inability to to deliver, and so expended existing digital channels, expanding to use of documents signatures put in place, new business, processes and controls. So. We've gone digital now. Some of these measures are likely to be revisited once the pandemic over also because electric framework is not there to raise position, but it has shown that we can go digital. It's likely view to accelerate the move to digitalization. Now. Has Taken steps to requirements is to to hugh, but there is a clear trained in what is also interesting is bad. endemic has also increased interest in decentralization in the opportunities that blocking oftens to digitalize transactions. Try Finds. Global survey not too long ago. That shows that eighty nine percent of practitioners surveyed within the receivables factoring industries Seton increase in the usefulness of blockchain because of the current outbreak. But also to two thirds of them were saying well actually. League of digital documents and common sanders are must hat, so we need to.

Vaqta Congo Amazon sanders hugh
"world trade organization" Discussed on Insureblocks

Insureblocks

04:38 min | 2 years ago

"world trade organization" Discussed on Insureblocks

"And for this podcast I'm extremely pleased to welcome emery gun senior analyst at the Economic Research Department of the World Trade Organization Emmanuel. Many thanks for joining us today. Could you please tell us a little bit about yourself? Hi and thank you very much for inviting me to podcast. So as you said I work at the World Trade Organization as Research Departments of the WTO, but I'm a bit of a hybrid. I studied political science. Law, economics I've been working at the WTO for quite some time, but in in various positions. my predisposition, swear maybe more political. I started in the accessions division, advising governments on join the organization assisting the foreign trick regime medical with the Jerus-. I, then joined the Office So both? Trade experts. I went away for a couple of years worked in the private sector, which has allowed me to gain hands on experience and practical experience on each national trade. It was helping startups. It's a new school international. And when when I came to Geneva in two, thousand, seventeen I, reaching the w went to the economic research departments where lead work on its knees and on Blockchain, but blushing was not really part of my portfolio. This is really something that I developed because I realize a wasn't extremely interesting technology, and actually my blotchy adventure started. Running when it came back to the two thousand seventeen. And for me, blockchain with like love at first sight. seriously it all started actually under joint to Singapore. where I'm at someone was working a blockchain project with zero customs, and truly what I discovered really fascinated me, and I realized that the people with whom I was working at the WTO. Embassador trade officials. My colleagues didn't really understand the technology what was happening in the private sector and how much this technology transfer international trade, so I decided to write a book. Book! Kim Block revolutionized is international trade with the person mark at the end to try and educate them and build a bridge between the private sector.

World Trade Organization Economic Research Department senior analyst emery Research Departments Kim Block Geneva Jerus Blockchain Singapore.
"world trade organization" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

04:36 min | 2 years ago

"world trade organization" Discussed on WBZ NewsRadio 1030

"Organization how does take it a step further World Trade Organization to world trade we we did years ago the years ago many years ago the World Trade Organization from today China came and that's when Jenna Blum they were main lining it and then both of them were up like a rocket ship because they took advantage of every little ridiculous because of the World Trade Organization documents they were developing nations China is a developing nations that make the cars they make the plan they make every they make everything and they're developing nations so we've had a I might've got elected to a certain extent because of China and other countries one of my big things restraint the United States is getting ripped off and train now Japan is paying forty million dollars and buying a lot that's before we even do the deal U. S. Mexico was a great deal the nafta was one of the worst deals ever made in trade and trade history and I would also put the World Trade Organization in that same group so I was very tough for these countries which I know we made the deal and became friendly but then this happened and this is this is tantamount this is something that's really incredible I don't want to read that there could be something that I just saw today on television I was looking and I just said to that's an interesting statement that we talk about the Democrats and was statement made by brick there good guy smart whatever nineteen there was a democratic debate in Las Vegas that was February nineteenth that's way after I'd closed entrance from China into our country so red goes but when I did there was a democratic debate unless Vegas three words Warren said during the debate virus corona virus or covert nineteen those three words never came up it was I just thought it was a very interesting because you know you hear these people some of the people the Democrats at all is that they never even was a part of their dialogue now they bring it up because you see what happens so now but they didn't bring enough but I brought it up I brought it up a long time before I made the trade deal and I was not easy to deal with I was not easy to deal with they understand them we still have twenty five percent to two hundred and fifty billion dollars that they have to pay us and a lot of money to take it a lot of money we've had a lot of beneficiaries including our farmers and ranchers so in addition we've launched an unprecedented effort to develop new treatments and therapies to battle the plague therapies to be of the most exciting the the vaccines are obviously so bored but the therapies are immediate you know and we have some things that are really looking good really looking good we called covert treatment acceleration program works celebrating all of these great companies that are looking and we have government agencies looking to and I H. this extraordinary program is slashing red tape to speed up development and to rival and and if you look at if you look at what we're doing in terms of the speed it's unrivaled it's totally unrivaled there's never been anything like it the FDA and doctors have Stephen on highly respected man from a great institution left that job to come here the job he's doing is incredible and we're working with Scott predecessors terrific we're working with a lot of people but the speed of development for anti viral antibody and immune therapies is at a level that nobody thought even possible and I will say this we're getting very good results to little soon yet but if we could find the therapies that would solve the problem if somebody has a problem we can get it taken care of so it's not so devastating as it has been with that I'm going to ask vice president pence to come up but I have to say it's a Sunday or Sunday evening and this man has not stopped he's working we all our offers but he's been working with this task force and everyone else round the clock for months and I just want to thank Mike thank you Mike thank.

World Trade Organization
"world trade organization" Discussed on KCRW

KCRW

02:30 min | 2 years ago

"world trade organization" Discussed on KCRW

"The World Trade Organization a penalty for improper European subsidies for Airbus jet liners now if you like Velveeta cheese Thunderbird wine in Kentucky Bourbon this may not matter but for those who'd like a dusting of pick a Reno or shot the move to pop or Scotch Scotch things are about to get more expensive and as market place's Justin how reports the E. you could soon respond in kind the US is arguing that the countries that make those products give illegal subsidies to Airbus is economics professor merry lovely at Syracuse University and so they're gonna pick products that will hit key interest groups within those countries earlier this month the World Trade Organization allowed the US terrace to go forward but the thing is that the E. U. S. also filed a WTO complaint about American subsidies to Boeing and the E. U. is already drawing up its own list of American exports to hit with tariffs include frozen fish citrus fruits catch up that's Catherine Ross an economics professor at UC Davis Russ says the American agriculture sector is especially vulnerable if your upper tally aids Europe is the third biggest market for American farm products they're also an important destination market for aircraft chemicals machinery pharmaceuticals the US exports three times the amount of goods to Europe as it does the China the WTO is reeling and Boeing subsidies is expected sometime next year I'm just an HHO for market place the biggest initial public offering of stock in the known galaxy has been delayed from any day now to maybe December January it's this Saudi oil company Aramco the Wall Street journal's reporting Saudi officials want to fine tune the prospectus after some big investors complained they weren't getting the data they need I spoke this morning to Valerie Marcel an associate fellow with the British think tank Chatham house in London well I think arm really boxed in by the crown prince and haven't been found and early announcement that he would be cheaper to trillion dollars valuation eight as an investment if they don't get the valuation they want so I think there's always delays in this process and so the timing probably will never be right to get that two trillion dollar valuation so I would expect further delays are changes to the offering her right to trillion with the T. as in tremendous there is news economic growth in China is the slowest in three decades worse than expected markets London's footsie.

"world trade organization" Discussed on WMAL 630AM

WMAL 630AM

01:37 min | 3 years ago

"world trade organization" Discussed on WMAL 630AM

"John Matthews president trump is reviewing a plan that could end the conflict in Afghanistan it's America's longest war and president trump says it's time to end it we've been there for nineteen years mayor people to judge is seeking the democratic presidential nomination tell CNN state of the union and exit strategy is a good idea with the big cavea they're gonna leave well or we can leave poorly that's a major concern for senator Lindsey Graham we should leave a residual force on fox news Sunday morning futures Graham said he wasn't against a peace deal per se you might get the Taliban at the peace table you're never going to get out Kato and ISIS at the peace table Linda Kenyan Washington a leaked report from the British government says the U. K. will likely face massive shortages if it leaves the European Union without a deal the first time we've seen what the government itself actually things could happen to be a lot of long lines at ports of entry for trucks coming in they have to now go through customs checks if they're on the World Trade Organization basis that can mean fresh food being in a shortage prices going up medicines having a hard time getting there also think about passengers coming in at airports and train stations they're going to have longer lines as well correspondent todos gold thirty four percent of economists surveyed by the national association for business economics say they believe a slowing economy will tip the U. S. into recession in twenty twenty one that's up from twenty five percent in a survey taken in February the economy had previously expressed concern that president trump's tariffs and higher budget deficits could eventually dampen the economy checking your money the Dow opens at twenty five eighty six the nasdaq is seventy eight ninety six in sports sponsor by mail would.

Afghanistan America trump senator Lindsey Graham Taliban British government European Union Dow president CNN ISIS World Trade Organization thirty four percent twenty five percent nineteen years
"world trade organization" Discussed on 860AM The Answer

860AM The Answer

01:58 min | 3 years ago

"world trade organization" Discussed on 860AM The Answer

"Britain's prime minister Theresa may has backed her ambassador to the U. S. after president trump cut off contact with him following the leak of diplomatic cables branding the US administration as an apt may have stood by Kim Derek the controversy over the release of diplomatic cables the mentioned the trump administration the ambassadors forthright views have created openness between the two countries who often celebrate having a special relationship as if to underscore the stub Derek found himself on invited to a White House dinner held in honor of the and now I've got to on Monday while British officials hunt for the culprits behind the league senior Conservative Party figure and former Foreign Secretary William Hague said the government was right to back it Derek tells of this month London Japan says it does not plan to retract or renegotiated stricter controls on high tech exports to South Korea Seoul is planning to file a complaint at the World Trade Organization analysis at town hall dot com okay the clerk in western New York has filed a lawsuit challenging a new state law authorizing driver's licenses for immigrants or in the country illegally the clerk Michael currents challenge filed in federal court seeks an injunction blocking the law while its constitutionality is reviewed correspondent Mike happen reports an eighty in a war see poll reveals significant differences and financial security based on race ethnicity and education African Americans and Latinos are more likely than white adults to describe their financial situation since for nearly forty percent of adults without college degrees say they are financially strained compared to twenty percent of college graduates and Republicans are more likely to describe their finances yes good only two thirds describe their financial situation is pretty good that's up from sixty two percent who said so at the start of the year or the stories that tell hold out com I'm John Scott wouldn't it.

town hall World Trade Organization South Korea Conservative Party White House US president prime minister John Scott Britain Mike Michael currents New York Seoul London Japan Foreign Secretary William Hagu Kim Derek Theresa
"world trade organization" Discussed on News-Talk 1400 The Patriot

News-Talk 1400 The Patriot

01:42 min | 3 years ago

"world trade organization" Discussed on News-Talk 1400 The Patriot

"The Dow is up barely two points. The NASDAQ was off twenty s and p. With down four as we wait on the results of the Chinese urgent dispatch of their lead. Trading goes to the United States markets are still unsettled and everything is read this morning. Hong Kong index is down a full two and a quarter percent. The Ps twenty two the NASDAQ is off seventy five dollars down one ninety seven well, the Chinese should get real about these negotiations. We've got three point six percent unemployment three point two percent GDP and we've got the largest economy in the world. You want to deal with us. Adopt a rule of law regime with regards to the World Trade Organization. That's it. That's all you need to know. Now all of this. Tension is good for one person the person who wants to borrow money to get a house or a condo or a town home because the ten year treasury has now dropped down to two point four eight percents below two point five that's not the interest rate. You get on your loan. But it drives all interest rates on residential real estate on commercial development on rental properties. On vacation homes. Now is the best time to go. Gold is holding steady at twelve eighty one oil is holding steady at sixty one dollars a barrel. Everything else grades if the market's wondering are we have a trade war or not? And so that helps you if you're a homeowner or a home buyer, but you can't help yourself unless you go to Andrew and Todd dot com or give them a call triple eight triple eight eleven seventy-two when we come back. My daily dose of democratic rhetoric from the campaign trail because I know you. I love it. I know you do and there's always something to play for you. Plus today, Joe Biden why because he's always the best plus a couple of other outbursts against interest a little bit of honesty from Jim Komi..

Joe Biden World Trade Organization United States Hong Kong Jim Komi Andrew seventy five dollars sixty one dollars six percent two percent ten year
"world trade organization" Discussed on KOMO

KOMO

01:32 min | 3 years ago

"world trade organization" Discussed on KOMO

"The World Trade Organization has cut its forecast for trade growth this year by more than a percentage point the two point six percent due to an economic slowdown and mid a trade conflict between the US and China Geneva-based. Trade body expects an uptick in trade growth by volume two three percent. Next year. The American healthcare system is driving people into massive debt and causing people to skip care for fear of bankruptcy this. According to a new Gallup survey found that Americans borrowed eighty eight billion dollars last year just to cover health care expenses and one in four people just barely avoided healthcare altogether. Even well to do households expressed concern over spiralling costs bells about to ring on Wall Street. We check in with vestry, Don McDonald, good morning. Good morning. Manda Asian stock market spent Tuesday digesting, Monday's, huge gains. As those markets posted mostly moderate gains overnight, despite continued Brexit confusion, though, European markets have been rising today with the biggest gains of more than one percent. Occurring in London. While Wall Street futures traders are expecting little apparently from the equities markets. Dow futures are up only twenty four points to twenty six to thirty four as and p five hundred futures up a point to twenty eight seventy one NASDAQ futures up five points. All right. Don, we'll be in touch throughout the morning. Don McDonald is the host of komo's talking real money Saturday at noon, KOMO news time, six twenty one time for today's text tip. The good news here is the IRS gives you a break when it comes to double taxing foreign income if you pay taxes in the country where you earned the money, you might get some of that back. Janice Heyman is a tax accountant, and you might have withholding.

Don McDonald World Trade Organization KOMO komo Janice Heyman US IRS China accountant London eighty eight billion dollars two three percent one percent six percent