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tv   World Business Report  BBC News  January 25, 2017 5:30am-5:46am GMT

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this is bbc world news, the headlines: president trump is reportedly preparing executive orders to restrict immigration. american media say he will order greater security along the mexican border and impose tougher visa checks on seven predominantly muslim countries. the israeli government has approved plans to build 2,500 more homes on occupied palestinian land in the west bank. palestinian officials say it will fuel extremism and make any peace deal more difficult british members of parliament have repeated their call for the government to publish its plan for leaving the european union as a formal policy document. on tuesday the supreme court ruled that brexit required parliament's consent. president hollande of france has been meeting leaders of colombia's largest rebel movement, the farc. mr hollande — accompanied by president santos — offered support for de—mining programmes and the search for the disappeared. now for the latest financial news with sally and world business report. mexico's economy and foreign
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ministers brace for talks with us trade officials as president trump tells car makers they must build more vehicles in america. a warning from lego that more must be done in china to stop counterfeiters as its own master builder struggles to tell a fake brick from a real one. welcome to world business report. japan enjoying lower or ill prices with a trade surplus for six years. mexico's economy & foreign ministers are due to meet top us officials later today as they brace
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for the renegotiation of nafta — the north american free trade agreement. president trump is pushing to bring more manufacturing jobs back to the us. he's already met with the heads of ford, general motors and fiat—chrysler — telling them they must make more of their cars in america. 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. it's thought talks between mexico and the us will focus on so—called ‘rules of 0rigin‘ — which limits the proportion of a product which comes from outside north america. 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?
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with me is anna—marie baisden, head of autos at bmi research good morning. bosses of the three carmakers in talks yesterday and lots of information coming out. give us lots of information coming out. give us your take on how negotiations are going? what we heard was largely to be expected. it was very generic, looking forward to working with the administration and really we could not expect too much in terms of commitment because they have very little to go on themselves in terms of what these trade policies might be. we have had some change of mind where they talked about keeping jobs in the us and doing less in texaco
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for top any us saying it is windowdressing, it is not a big shift in policy. not at all. it was mostly the timing of the announcement. most of these were already in the planning of stop it was more a story of not as much demand for these cars. they are still moving production focus to mexicojust not still moving production focus to mexico just not with the extra capacity. these rules of origin is going to be critical. 62% of a car has to be originating from north america. that could be upped to 80% or more. with the car industry, it is difficult to establish with components moving across the border many times. this will be one of the most complex elements. components will cross the border several times
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and you also have the us component manufacturers supplying to mexico which could also get hurt if you start increasing tariffs to and from mexico. you can see us businesses being heard. how will it play out. president trump once more jobs being heard. how will it play out. president trump once morejobs in america but it is easier said than donein america but it is easier said than done ina america but it is easier said than done in a critical and complicated industry. these big three carmakers not alone in goa were either bankrupt or on the brink of it? absolutely. they were making cars that were not selling very well so you could see a situation where if they are forced to open new plans, they are forced to open new plans, they could start edging back to overcapacity. the small cars produced in mexico are ready in declining sales in america. do you
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wa nt declining sales in america. do you want them to be producing things that are not selling in. want them to be producing things that are not selling inlj want them to be producing things that are not selling in. i am sure we will be getting news and tweet from washington as the day progresses following the talks between mexico and the us officials. lego — the danish—owned toy company has told the bbc that authorities in china need to do more to tackle fake goods — after the man in charge of lego's huge new factory in china failed to spot a fake piece from the real thing. lego is currently involved in legal action against one chinese manufacturer it claims is ripping off its products. here's our shanghai correspondent robin brant billions and billions of these little elastic bricks have been sold the world over and out lego is betting big on china. what started
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out with handcart bricks in denmark in 1949 is now a $100 out with handcart bricks in denmark in 19119 is now a $100 million state—of—the—art operation near shanghai but they are not the only ones doing it. is this lego? copies like these and fakes and counterfeit oui’ like these and fakes and counterfeit our prolific in china. lego is currently suing the firm producing this copycat. how is the user to spot the different? we asked the experts. if you have to ask me to guess i would say this one, maybe. which one do you think is a real? you think this one is real. correct. the truth is, they look and feel almost identical. so good even the boss of
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the new factory cannot tell. have a look at that for me. what do you think of that? it looks like a mini figure to me. what do you think of him? which one is yours? have a guess. i would say this is housed and this is not. this is lego. that is not lego. it is trying to be lego. lego is not the only foreign firm investing big in china but having trouble with local copycats. land rover is made here. these assault particularly well but the british firm has been powerless to stop this, cut away, this is similar
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on the inside and very, very similar on the inside and very, very similar on the inside and very, very similar on the outside but a lot cheaper. this is the copycat that caught people out. you can buy these on aly baba. the twin maker is still pursuing manufacturers in the courts because even the boss cannot tell the difference. i have so many of those in my house andi i have so many of those in my house and i shall they are all genuine, but who knows! let's head to asia — japan has posted its first annual trade surplus since the fu kushima disaster. rico hizon is in singapore — rico how did japan pull it off? the numbers injapan are surely in january. surely! that is good news. yes, and it has been a long way. a combination of soaring exports and
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lower energy prices and the depreciation of the yen. they fell by nearly 16% due to the falling cost of crude oil and liquefied national gas which left japan cost of crude oil and liquefied national gas which leftjapan in an almost $36 billion debt. the 2011 fukushima disaster sent the import bill soaring as it turned to pricey fossil fuel alternatives and exports rose in december for the fossil fuel alternatives and exports rose in decemberfor the first fossil fuel alternatives and exports rose in december for the first time in more than a year. this could be a good year once again for the japanese economy. let's keep the fingers crossed that this could be sustained. let's quickly show you markets. markets across asia having a real boom. japan boosted by the news about the trade surplus. mps have stepped up demands
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for the government to publish its plan for brexit in a formal policy document. the demands for a white paper, including from some conservatives, follow yesterday's supreme court ruling. theresa may must give parliament a vote before triggering article 50, the formal process for leaving to the eu. it's thought legislation could be introduced as early as tomorrow. here's our political correspondent tom bateman. after thejudge is ruled only parliament could start except, today a warning from mps not to try to derail the plan. —— brexit. article 50 is at the start of the process and it must be put before mps and laws. what lies ahead ? and it must be put before mps and laws. what lies ahead? the government says the legislation paving the way for brexit will be tabled within days and voted on by
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both houses of parliament. theresa may wants article 50 triggered by the end of march then britain has two years to leave the eu. there can be no going back. the point of no return was passed injune of last year. labour said they will not block article 50 but one to amend the bill, giving mps more control. if necessary, there will be hand—to—hand combat. we need to make sure we get the best deal on behalf the country and she cannot say she a cts the country and she cannot say she acts on behalf the country. theresa may also faces opposition and some of her side. for now, at least ministers believe they are on track to get brexit triggered by the spring. coming up at six o'clock on breakfast — dan walker and louise minchin will have all the day's news, business and sport. they'll also have more on a delayed upgrade to the radio system, used by the emergency services in england, scotland and wales, that may cost taxpayers £475 million a year.
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i'm adnan nawaz. the top stories this hour: american media say president trump will sign an order tightening security along the mexican border on wednesday. he is also said to be seeking tougher visa regulations for citizens from seven middle eastern and african, predominantly muslim, countries. mr trump tweeted that it would be a big day for national security. the israeli government has approved plans to build 2,500 more homes on occupied palestinian land in the west bank. it is the second such announcement since president trump took office. palestinian officials say it will fuel extremism and make any peace deal more difficult. several mps from the governing conservative party have supported calls from the opposition for the british government to formally set out its negotiating position on leaving the european union. ministers are preparing to bring
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forward draft legislation, following a ruling in the supreme court on tuesday that parliament needs to vote in favour before the government can trigger the process for leaving the eu. the french president, francois hollande, has been meeting leaders of colombia's largest rebel movement, the farc, at a rural camp in the west of the country. mr hollande, accompanied by presidentjuan manuel santos, offered financial support for de—mining programmes and the search for the disappeared. now it is time for our news review. the telegraph leads with yesterday's historic uk supreme court ruling. only through parliament can there be a vote on whether the government can start the brexit process. the judgement means the government cannot begin talks with the eu
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until mps and peers give their backing. the guardian says us president donald trump has infuriated environmentalists by signing executive orders that support two controversial oil pipelines. the new republican president backed the keystone xl and dakota access projects. the arab news reports that israel has approved the construction of 2,500 settler homes in the occupied west bank. prime minister benjamin netanyahu said they had agreed to the move in response to housing needs. the independent says close to £8 billion was wiped of the market value of bt, after the uk telecommunications giant said accounting errors in its italian business are far greater than expected. the guardian business pages say citigroup is deliberating over which new eu financial centre will relocate to as a result of brexit.

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