On private jets from the man fled madagascars civil war as a child, but soared on to sell planes to the worlds top Business Leaders. And, as always, wed love to hear from you about any of the stories were covering. Just use the hashtag bbcbizlive. Welcome to the programme. Now mexico seems to be the most important foreign country when it comes to Donald Trumps in tray, now that he is us president. And in a few hours time, mexicos economy and Foreign Ministers are set to meet some of his top trade officials in washington as they try to keep border open for trade. And the mexicans appear to have conceeded that to do that. There will have to be changes to the Nafta Trade Deal which also covers canada. N0w President Trump is pushing to bring more Manufacturing Jobs back to the us. Hes already met with the heads of ford, General Motors and fiat chrysler, telling them they must make more of their cars in america. Now the us is a key market for mexico. Taking a look at this graph, you can see its exports to the us have surged since nafta came into force in 1994. Mexico now sells more than 270 billion worth of goods to the us every year. Now its thought talks between mexico and the us Will Focus On so called rules of origin, which limits the proportion of a product which comes from outside north america. Now if limits were tightened, it could boost manufacturing in the region. But can this be achieved in Production Lines with incredibly complicated Supply Chains like the car industry . And what about tariffs . Drjagjit singh srai is head of the centre for International Manufacturing at the university of cambridge. Good to see you this morning. Good morning. Rachel outlining some of the key issues and there is a lot to discuss with regards to mexico and the United States. The car industry seems to be the centre of it all, doesnt it . Most trade between both sides are within that industry . Absolutely, manufacturing and the automotive sector are closely linked and mexico and the us are closely interlinked. You will probably know that Automotive Supply Chains is not just where you assemble the car. That criss crosses across borders. Bits of car, components, cross over the border several times before the final car is finished. It is a really complicated process when you look at the supply chain. So how simple is it for President Trump just to say, right, tariffs are slapped on here. We want norjobs in the us. It is a very complicated picture. Firstly, we have automotive Component Manufacturers in the us supplying to Mexican Car Assembly pla nts supplying to mexican Car Assembly Plants and indeed, some reports say perhaps 30 , 40 of the cars coming into the us, from mexico, have that us component. So they can be very much impacted if mexican Manufacturing Facilities have to scale back due to the tariffs. Manufacturing facilities have to scale back due to the tariffsm Manufacturing Facilities have to scale back due to the tariffs. If he is successful, President Trump, in his aim, ie perhaps putting tariffs on, he has not said anything about that since he became president , i might add, but there are reports today in the New York Times that there will be an Executive Order on there will be an Executive Order on the wall going on, the mexican currency is falling today on that speculation and he has talked to the car makers yesterday. If he is successful, what will the impact be for both mexico and the United States and consumers as well . Well, ifi states and consumers as well . Well, if i pick up mexico. The Manufacturing Facilities that have targeted the us market predominantly will have a significant trauma. They will have a significant trauma. They will have a significant trauma. They will have to scale back production. Some of it may not be economical going forward. So i think thats a pretty serious situation for those plants. There will be other mexican pla nts plants. There will be other mexican plants however who have a Global Market agenda and mexico has free Trade Agreements with dozens of countries and they perhaps will be less impacted. Going back to the us, those Component Manufacturers supplying those mexican factories may actually have a significant negative impact and if i wrap up with consumers, all these changes will increase the cost of doing business. The automotive sector doesnt have margins that can accommodate those increased costs so we can look forward to prices going up. All right, thank you for your time this morning. Of course, when we get any news out of the meetings going on today between Mexico Ministers and Donald Trumps team, we will fill you in. In other news Cisco Systems says it has agreed to buy Business Software company apprnamics for about 3. 7 billion. The deal is another push by cisco which is one of the worlds biggest maker of Computer Networking Hardware to expand its software capabilities. Legacy Technology Players like cisco have been trying to shift their strategy to stay ahead of Technology Developments that could threaten their core businesses. Shares in the japanese Airbag Maker Takata surged 18 on wednesday after the troubled firm denied it would enter into a Lengthy Court mediated restructuring. The Company Shares reached the maximum daily increase after a week in which they lost more than half their value. The company has been plagued by a massive global recall of its airbags which have seen it pay a 1 billion fine in the United States. Rio tinto is selling most of its coal assets in australia to china backed, yancoal. Its a deal worth up to 2. 45 billion, and it is part of the mining giants divestments designed to boost its bottom line. The agreement is subject to Regulatory Approval. When you talk japan, you talk economy and you think gloom, but today we have got good news. They posted their first annual Trade Surplus since the nuclear disaster. The first time which is great news for the japanese economy. It is because of Cheaper Oil Prices which brought down the import costs, but this news does come at a sensitive time because us president donald trump, he has been criticising japan about japans Trade Advantage against his country. Especially the car industry which makes up about 40 of japans exports. Mr car industry which makes up about 40 ofjapans exports. Mr trump car industry which makes up about 40 of japans exports. Mr trump has been accusing tokyo of putting up non Tariff Barriers to American Companies which japanese officials have been denying and saying, look atjobs and investments that Japanese Companies have created in the United States. Japanese companies have created in the United States. But it is an uncomfortable reminder of a trade war the two countries had decades ago. Thank you very much for your time. Japans nikkei up. Theirfirst Trade Surplus in six years. The dowjones not doing too badly. We will be quizzing Tom Stephenson and why theyre doing well in a moment. Europe, the markets have been open 40 minutes. 2017 really, it is all about delivery. We saw the Market Rallies after trumps election. The markets are waiting to see if he will follow through in his Campaign Promises how brexit will be delivered, but Companies Continue to report their results. Samira hussain has the details about whats out on wall street today. Lots of earnings to talk about today. At t will be reporting. It is on the verge of closing its deal to acquire Time Warnerfor on the verge of closing its deal to acquire time warner for 85 billion, but the us president , Donald Trumps opposition and Regulatory Approval poses a threat to the deal. We can expect that investors will be asking about updates. Boeing will also be reporting earnings. You will remember the company got some attention from the then president elect donald trump criticising the high cost of replacing air force one, thats the plane used by american president s. And finally, well be hearing from e commerce site, ebay. It attracted more shoppers in the holiday season. Ebay has revamped its platform to offer for ebay has revamped its platform to Offerfor Products Ebay has revamped its platform to offer for products and new brands, all in the hopes of attracting shoppers away from its rival, amazon. Samira there. Joining us is Tom Stevenson who is Investment Director at fidelity worldwide investments. So give us your take on whats going on, the nasdaq hitting record closes again on tuesday. Loads of earnings coming out. Samira just rattled through some of todays news. Your thoughts . The markets have been strong since the american election. It has been on hope for next year. 2017 is going to be the year when donald trump delivers or doesnt deliver and thats what markets are looking at out for now and thats why really theyve paused for breath 110w. Why really theyve paused for breath now. Theyve paused for breath at a new high. The earnings have been fairly good as well on the whole, havent they . Thats helped too . The earnings have been 0k, havent they . Thats helped too . The earnings have been ok, but they have to be pretty good because the us market is one of the most highly valued markets in the world. Its more expensive than most other markets so unless earnings come through then i think there is a bit of scope for delivery. So this Earnings Season of scope for delivery. So this Earnings Season is really important. Now, lets talk about japan. We saw there from mariko, the nikkei is up, whats going on there . Yes. So, japan has had two impacts really. 0ne japan has had two impacts really. One has been oil. The cheaper oil has really helped because ever since fukushima it has really helped because ever since fu kushima it has has really helped because ever since fukushima it has been importing oil, but the exports particularly to the us. This is pertinent given what donald trump has been saying about the motor industry. So i thinkjapan has been off investors radars for a long time. I think this is good news. Its good news for the market because the japanese market is not that expensive. So if we get more of this good news and if the dollar strengthens and the yen weakens it could be a good outlook for the japanese market. All right. Fingers crossed for them. Tom will be back in five minutes. More work to do on this show for tom still to come, from civil war to civil aviation, well meet the man whose incredible rise means he now sells private planes to some of the worlds richest people. Youre with Business Live from bbc news. Women are experiencing widespread discrimination when it comes to dress codes at work, according to a parliamentary report. Mps heard from Hundreds Of Women who have reported that the dress codes they were subject to were sexist. They began an inquiry after a receptionist was sent home for refusing to wear high heels. Heres our Business Correspondent emma simpson. What to wear at work . Sometimes theres no choice and its not always attractive. But what about being ordered to wear high heels . When nicola thorp arrived for her first day at work, she was told by her Employment Agency she must wear shoes with a two to four inch heel. When she refused, she was sent home without pay. What they state is it gives them a more professional look. A corporate, professional look. Now im not entirely sure why adding two or four inches to my height makes me more professional or makes me walk in a professional manner. I dont think it affects how i come across. You can see me now, this is exactly what i would be wearing and if its just a matter of a couple of inches, i can stand tall without wearing heels. She then started a petition which led to an inquiry by mps, who now want action from the government. Weve come up with three recommendations. Firstly, that the Equalities Act of 2010 obviously isnt quite addressing that bit. Secondly, we want to raise awareness that wearing high heels or make up may be a health and safety issue in the workplace. Thirdly, we are going to hopefully if it doesnt work, then we will be taking people to court. Therell be tribunals. At this company, receptionists can wear what they like. In its evidence, the government said the existing law was clear, and that the dress code imposed on nicola was unlawful. But the mps are calling on the government to do more to make the law more effective in protecting employees from discrimination at work. Lots of you have had lots to say. Thats on our website. Also many other stories as well. Tesco shares down 1 today in london. You may well remember the Accountancy Scandal in 2014. The Financial Times says the Supermarket Chain could be facing a second legal claim as a consequence of that. That is on the website. Rio tinto doing well today in london. Youre watching Business Live. Our top story as President Trump tells carmakers to build more vehicles in the usa, Mexican Leaders head to washington as they try to keep the Border Open For Business and concede that might mean altering the nafta free trade deal. A quick look at how the markets are faring. They are all higher for now. It has been quite a week this week. Up and down. Today a combination of earnings and a good session in asia and the us helping. And now lets get the inside track on how the worlds top Business Leaders get around. Were talking corporate jets and private planes. They can be the fastest way to get between back to back meetings in different countries. We do that all the time but the market is difficult for some. Jet inventory is rising, as manufacturers churn out Hundreds Ofjets a year. And once it has been bought, the value of a jet falls rapidly. But Aircraft Brokerjetcraft says that the Resale Market is still strong, with large, Ultra Long Range aircraft particularly popular among business jet buyers. These types of large cabin jets can link nearly any two points on the globe. Joining us now is jahid fazal karim, co owner and chairman of the board atjetcraft. Good morning. Good morning. Before we talk about your business and what it does right now, lets talk about your story. We have been explaining to viewers that ux Escape Civil War at the age of eight in madagascar. What happened next . |j will madagascar. What happened next . will give you the short story because it could be quite long. In 1974, there was an uprising in madagascar. I am of indian origin. The local population were going after indians. My father decided to pack his bags and we just left. We left to the neighbouring island. We area left to the neighbouring island. We are a french citizens. We escaped a big uprising in madagascar. I left to go to school abroad. I love aviation, i love aeroplanes. That is what brought me to what i did today. You were dead set on that as a career, werent you . Aged 18 you worked you moved to france and got on with your career, working in the Big Corporate Sectorfor quite got on with your career, working in the big corporate sector for quite a while. And then this company, that isa while. And then this company, that is a big shift . Yeah, it is a big shift. I worked for two big companies, airbus and bombardier. Most of the people i worked with and for are still big friends. The owners of bombardier are still friends. At the age of 3081 was running sales and marketi