A real danger the oil price should be rising ok some good points there from so if you should man skeel most straight thank you. China says its prepared for a long trade war with the United States it follows a series of tweets from u. S. President donald trump praising his Trade Tariffs Beijing has published a new list of retaliatory tabs on u. S. Products in response to washingtons threats to impose some Two Hundred Billion Dollars in chinese imports Chinese State media lashed out at trump and described his measures as extortion. Business leaders have gathered in washington for the annual meeting of the Agricultural Applied Economics Association a packed agenda punitive tariffs treaties being trashed geopolitical crises global Foreign Direct Investment fell sharply last year especially in africa where f. B. I. Has dropped by twenty one percent i asked the president of the African Development bank. How the globes Trade Troubles are affecting africa. Or first and
a look at what africa can do you know africa needs to look a lot more in wood to make sure that it can you know isolate itself from any of these negative impacts force and foremost is a Landmark Signature of the continent are Free Trade Area in africa which will be the biggest Free Trade Area in the world you know what three trillion u. S. Dollars and so that will allow africa to increase his own into a regional trade which right now is actually quite low its roughly about fourteen percent. Increase that to roughly of all fifty four percent and that means that youre talking about you know roughly about Thirty Five Billion u. S. Dollars of increase trade every single year so the best way to. Isolate not to isolate will review the immediate gave the impact of this in africa is for africa to do a lot more trading with itself back to relations with washington first of all is there anything that you can say to officials when you meet with them there in washington that will convince them otherwise to make trade freer for africa. Well i think you know that is quite a lot going on in terms of discussion with the u. S. Government the you know. The. The say its been extended to twenty twenty five said after a lot of opportunities for. African companies two countries to actually try to elope with the United States and im sure United States also posi in bilateral Trade Agreements we do number of african countries at the end of the day africa is ready for investment and i do hope that somehow well be able to find a trade relationship that is beneficial to all and suddenly africa is a very important continent for the United States and i look forward to how we can improve that relationship Going Forward and specially in Terms Of Trade and especially in terms of investments as well. Mention improving trade within africa would be a huge boost to the economy what about improving the situation for young people
jobs create more jobs to ensure that theres no brain drain to europe it is often the case that quite a lot of your Young Workers do end up on europe shows. Yes thats true but i dont believe that if you have africas youth actually allies in europe and i dont believe it lies also in the Mediterranean Sea that doesnt lie of the bottom i mean in the heat of the Sahara Desert it lives in an africa that is growing well able to create a lot of jobs for these young people unable to top into the you know huge amount of enter not entropy nori. Passively but africas youd have and thats one of the things why the out reasons why the African Development bank has launched a very bold program to address this particular issue is call the africa just for youth in Africa Program which were going to be supporting african countries to create Twenty Five Million jobs over the next ten years and thats going to be in different areas i would call show i. C. T. Areas and small and Medium Sized Enterprises look i i really believe also that
a huge opportunity is to be tapped in africa when it comes to Digital Technology and a lot of end up you know should be in this particular area and we are walking quite a lot in africa in trying to do this i want african young people to thrive under prosper in africa suddenly out and make the kind of very perilous trips that i see you sometimes that goes on into military not into europe i think a more vibrant africa that invests a lot of young people thats able to keep them profitably engaged on the continent is the way to go and thats what African Development bank is doing president of the African Development bank i can will be additional thank you very much for coming on appreciate it. Youre welcome thank you corruption so ukrainians take to the streets over the government of the. Old and four years ago free elections followed promises of a better life but a report by the german newspapers you dont read science on reveals how widespread
graft still leads corrupt Customs Officials cost the state billions of euros every year. Report says the Black Sea Port of a desert is a hub of corruption many of the containers Customs Declarations are falsified if its become shoe laces because shoelaces only pay a fraction in customs tariffs the charges are laid bare in documents made available to german dailies it doj would cite on papers are routinely forged many people are involved Freight Companies customs Officers Police and even the Intelligence Service s b u that even though the port was supposed to become a flagship Anti Corruption project after the my Down Revolution Twenty Six year old civil rights activist. Played a key role in the protest in the capital kiev afterwards she was put in charge of customs in odessa and was supposed to drain the harbor of corruption she sent the
customs officers to the u. S. For training the e. U. Supplied modern scanners that were able to identify what goods are in the content owner as well as Contraband None of it helped the scanners were vandalized. Gave up her job frustrated in her Resignation Letter she said that the head of the kiev tax office as well as president Petro Poroshenko and Prime MinisterVolodymyr Grossman had sabotaged their anticorruption drive so corruption still flourishes on the black sea visit to a newspaper report estimates the losses to the ukrainian treasury top Four Billion Euros a year in tariffs alone thats twice as much as ukraine hopes to borrow this year from the world bank i. M. F. And e. U. Combined. Facebook has set its sights on a new set of data The Wall Street Journal reports that The Social Network cost several large u. S. Banks to shed detailed Financial Information about their cost Lets Go Qwest is likely to be part of its efforts to go deep end User Engagement and also new