Addressing their core concerns while the u. S. Trade representative said the 2 sides made progress in a variety of areas and are in the process of resolving outstanding issue this comes as President Donald Trump was expected to meet with his chinese counterpart xi jinping on the sidelines of the Asia Pacific Economic cooperation summit in santiago chile to sign a phase one trade deal touted last month though that summit was canceled trump said both sides are still looking for a new location somewhere in the United States. Rob this 1st i want to get that. Going to be pretty but. We got the deal to get the deal to me like the gum very little. People familiar with the matter say president xi jinping is open to a u. S. Trip to sign the 1st phase of a trade deal however no final decision has yet been made. At the last. India has pulled out of the Regional Comprehensive Partnership which could be the Worlds Largest trade pact citing concerns that the deal could hurt the countrys farmers businesses workers and consumers without india the agreement made in bangkok well include the 10 members of the association of Southeast Asian nations as well as china japan and south korea and new Zealand IndianPrime MinisterNarendra Modi said of this decision when i measure the r. C. P. Agreement with the respect of the interests of all indians i do not get a positive answer the green members expect the deal to be signed sometime next year and Chinese Vice Foreign minister leo chang spoke about the agreement and the possibility of india joining at a later date. Whenever india is ready theyre welcome to get on board as for the significance it was an. Understanding how much the board phenomenally definitely will play a role in noting Economic Development in all the time which is you know when she its impact will be some measure were going to i believe are some great role for the Regional Development to. More on the intricacies of these massive trade deals we are joined by senior apac International Relations policy specialist with the institute for china american studies so rob it is a pleasure to have you here again now what 2 are the concerns that were seeing that forced india to back out of this trade pact indias concerns are still across the board it ranges from management of data flows to good straight to agricultural. Imports but fundamentally its about india having a weak Manufacturing Sector and being scared that there will be a flood of manufacturing imports which will displace a lot of people in india the past history of indias free trade agreements opera french and trade agreements that have the agreement the trade deficit has increased and theyre expecting that to happen this time around and they just consummate that politically now theres also been quite a bit of a contentious relationship. Between china and india when it comes to this trade pact can you unpack some of that for us and why this is india has suffered a large trade deficit with china for a long time about going about 15 years now and the difference there just gets just keeps increasing particularly in goods you know india is one of the rare ition country which is not in the regional value chains its not in the regional value chains because its fact the markets alone labor capital are just all over the place and that leads to low productivity in its Manufacturing Sector and so it cannot compete with chinese imports and this creates a larger trade deficit so india needs to get its act in order or on those factor of factor of market reforms before it can really in good substantially but with indias exit from this agreement how much will that really a fact this overall deal well up to a point you know the Indian Economy is a big economy its pretty i mean its 2. 5 trillion its just going to get larger its growing at a fast rate and there are certain countries on the regional players want to india in but at the same time i mean theres only so far you can go in terms of diluting the tax because i mean if it becomes too plain vanilla the agreement is not worthwhile it sort of so yes indias departure hurts it up to a point but at the same time maybe the standards and the actual agreements they have signed that they will sign will be will be better or less is expected to be one of the biggest trade deals so far but staying on deals and trade wars now china and the u. S. Are still untangled in this trade war this tit for tat trade war theyre saying that theyre close to a deal but china has been pushing for quite some time now for the u. S. To cancel these planned tariffs the ones that are set to take place in december and there are move all of some of the existing terrorists is there any of this something that will play out in this phase one deal or i think it will absolutely out of the 3 is one do you mean the question does not arise out of fears one happens the follow on terror of the ritual. Due to come in on december 15th i mean even if they dont get cancelled they need to be suspended at minimum the continuation of the suspension and with regard to actual removal of past tariffs that will depend on how the preaching of r. C. To the actual agreement is you know the chinese are absurd you know for sure well give you 2020 1000000000 in our products but if you want that again the next year around you need to start removing some of those tariffs removing not just the spending and well have to see at what point the u. S. Has come down on that and so is ok maybe ill remove a little but fundamentally it will be or there will be a degree of window dressing it will be removal of some tariffs not before full body of her and then when we look at the tariff discussion as well. Kind of the nature of that this trade war has gone on are we going to see china drop back some of their retaliatory efforts toward the United States amidst this trade war as well yes there will because china star of some mostly been in retaliation to u. S. Tariffs if that being the case the u. S. Will china will also remove remove those tariffs and it doesnt have that much space to impose tariffs because it doesnt have that much of exports as the i mean it doesnt have that much of imports from the u. S. As much as it exports to the u. S. But fundamentally chinas grievances are more in the area of National Security and on the export controls which had been imposed and that was for a different round of discussions frankly i do want to ask you this well the u. S. Do you see the u. S. Actually signing this deal i mean we saw these these talks back in may well that they broke off in may when they were saying both sides are saying they were successful at top negotiate such and they completely broke off in may are we seeing a repeat of what happened before or do you think theres really any chance at this phase one deal will be signed at the end of this month like theyre saying i think the 1st monday in will be signed its not going to be of what happened in may and the reason for that is simple most of the contents of this deal. Agreed upon as were already negotiated and hashed out in spring of this year the deal in may a collapse because the larger comprehensive agreement the enforceability provisions were not yet the china was balking at the enforceable provisions but in terms of the contents of this deal which were agreed upon long back china has already implemented a Foreign Investment law it has already implemented in improvements in its id be standard its already implemented regulations on this front so many of those enforcement related provisions which the u. S. Wanted in chinese law have already been done by the chinese and so theres no reason why it will not happen and besides trump wants it to happen so quickly you know we talk about the asian pact that we have we talk about the u. S. China trade war but theres also china is working out a deal with the information on that one or thats an important one its going to be just as fundamentally reshaping of the environment as it is with the u. S. Because its in the investment area china is being asked to to make important commitments in that area and to really scale up its game but china has as i said passed the Foreign Investment law it has made many of its provisions now are going to be consistent with what the uros wanted theres still difficult questions on in the area of industrial subsidies which is an area which also the u. S. And china had discussed but broke down in the course of in force ability so we have to be interesting to see how china approaches those industrial subsidy discipline issues with the euros which it could not finalize with the u. S. And if we have it with the euros thats just great i think frankly for the Global Trading system interesting that. International policy specialist with the institute for china america studies thank you so much for joining us again because again soon. Commerce secretary will ross announce a licensing that allows u. S. Companies to sell equipment to wall way will be forthcoming very shortly ross told bloomberg the government received 260 license requests this is up from the 130 applications reported in august remember too with entity list theres a presumption of denial so the safe thing for these companies would be to assume denial even though we will obviously approve quite a few of them the Commerce Department blacklisted while way back in may citing National Security concerns but while we has repeatedly denied those allegations the band walked walk away from buying software from Companies Like google and micron a move while we said is hurting its mobile phones but the ban has also hurt American Companies doing business with china u. S. Companies were allowed to continue selling equipment to wall way this was under a temporary general license due to expire this month and in october the trumpet ministration said it was ready to green light the licenses for u. S. Companies to sell nonsensitive goods to while away it remains unclear what companies have submitted applications and when those licenses will be approved since none have been granted so far no actually this is fascinating because weve seen these recruits back and forth with weiwei you were actually recently at their headquarters in shenzhen china and you spoke with a lot of executives were they concerned about a lot of this blacklisting and the blocking of their use of u. S. Made goods i talked to a lot of their employees as well as a Top Executive in the. Village and again this is 35 ever but clear. Volves using your saline your computer things like that in the north. Perhaps shes sort of getting to it since her kids. Are going to have to stop doing all this in this kind of you lou the minutes before. My world became smaller and smaller and smaller until i ended up winning it in a pox. Or out at a very strong magnetic field. You know in my head. Its like a real hard pressure my skin burns and that Wireless Access Point out there its just continuous on saying with our students in the schools. We are just continually bathing our citizens in this microwave radiation it is certainly electro small and its getting worse. We were told there was no such thing as the deep state now were told to adore it also arms control is done we should all be worried and concerned and why Samantha Power is a hypocrite. Seems wrong all. Just all. I mean you get to shape out these days because as a kid and in the game equals betrayal. When so many find themselves worlds apart when shes to look for common ground. What politicians do something. They put themselves on the line. They get accepted or rejected. So when you want to be president im sure more some more want to. Let you go right to be prosperous like the flag tree in the morning cant be good that the bottom interest of all those in the waters among our. Guests are. Longing. To. Go a. Long a. Long way. Indonesias lion air is im going to dish a Public Offering in the 1st quarter of 2020 with hopes of raising 1000000000. 00 according to a report from reuters citing sources familiar with the situation the airline had been waiting on an official report regarding the deadly october 2018 crash of lion air flight 610 prior to moving forward with their public listing the resulting report released last month focused on issues in the boeing 737 max Cockpit Software and called for better training within the airline the reports report also called for Better Regulation from the United States and within the region lyon air hopes to use the funding for future aircraft deliveries intended to provide better air travel in a growing market. After 2 fatal crashes involving boeing 737. 00 max plane several airlines are planning a Publicity Campaign to show the public the planes are now safe the jets could return to the skies as soon as january if regulators approve legal journalist molly. With americas lawyer is here now with more molly thank you so much for being with us today and lets lets dive right into this is the 737 max now safe to fly. Well certainly boeing wants you to think so and we have yet to get the green light from the regulators but boeing says it has. Has fixed that Software Problem that investigators say did play a role in those 2 fatal plane crash that killed a total of 346. 00 people evidence including the black box data points to a malfunction in that Automated System that helps a plane avoid stalls that system was new to 737. 00 max regulators say most pilots werent even aware of it until that 1st crash in indonesia last october multiple investigations reached similar conclusions that boeing introduce a new Automated System without properly teaching Airline Crews how to override that software when theres a problem like what you saw with those 2 plato crashes now according to the wall street journal several airlines including American United southwest they all still use the 737. 00 max of course thats been grounded theyve been grounded sense march when the 2nd crash happened and theyre now taking steps to prove to the public that these jets are indeed say safe rather than those steps include airlines promising to do their own safety checks even when regulators do them even when the u. S. Government and boeing clears the planes to fly they say theyre going to do backup inspections if you will the report also says the airlines are planning flight demonstrations no passengers on board but they are going to have senior officials on board so they hope thats going to raise the publics confidence in the safety of these jets as well so theres no word yet on exactly when regulators could give the planes the green light to fly again but reports say it could happen in january or february but the f. A. A. Has consistently said there are no timeline they just want to make sure that its all done properly blowing for its part on its website has a lot of information about whats going on with the 737 max they said the software is going undergoing rather an unprecedented level of oversight testing expert analysis from everybody and their brother pretty much as well as ensuring pilots and crews have all the information they need to fly those planes safely because as you said earlier that was more training was what the regulators investigators said was needed as well more to be able to handle any glitches that may come up sarah well its certainly important that they actually take care of as much as they can possibly can to prevent any other situations but what kind of financial. Hole has grown in the 737 max fleet taken on boeing. Hybrid was taken a huge hit the company said it would take at least 7300000000. 00 hit because of it its reported 3 straight quarterly losses since the 2nd crash in march in ethiopia while profits drop costs related to these crashes are going right up some airlines have canceled their orders for the max while other airlines are demanding compensation for being unable to fly the ones theyve got in their fleet because of the grounding so according to other news reports boeing has received orders for only 16 aircraft in the past month and theyre also planning to give 100000000 to the victims families and their communities the executives of course grilled about this theyve talked of victims families said that its been a humbling experience and that theyre learned a lot theyre going to make safety the primary focus at this time so well see if their Public Relations campaign their Publicity Campaign will convince the public to board these planes again once the all clear is given well safety is definitely important and its going to be hard for people to start to continue to trust boeing but we do know its cost the company a lot of money molly barrows contributor to americas lawyer thanks so much for your time and expertise. Sarah thanks fred. The worlds most valuable Company Saudi aramco announced plans for its much anticipated i. P. O. On sunday the oil tie in which is owned by the saudi government said the 1st offering will appear on saudi arabias caterwaul exchange the company has yet to specify how many shares they will sell and at which price analysis expected Analysts Expect the company to sell between one and 3 percent of the enterprise aramco c. E. O. And president i mean nasser spoke about the importance of the listing on sunday in toronto. For us so. I think. That is to. Increase what physically internationally very Strong Compan