25/09/2014 Asia Business Report


25/09/2014

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incredibly high on his priorities. Now, all the latest business news

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with Asia Business Report. An agricultural giant pledges to

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help stop deforestation. We ask if they will walk the talk. Immigrants

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to Australia have been struggling to find jobs because of rising

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unemployment and sometimes discrimination. One of the world's

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largest agricultural companies has pledged to root out deforestation

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from its supply chain. Cargill, which is a major palm oil producer

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and processor is growing like wheat and corn made the commitment at the

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UN Climate Summit in New York on Tuesday. They are among 40 companies

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that will try to end tropical deforestation by 2030. We asked the

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Cargill chief executive what led to this move. It is too big to ignore

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and that is why I want Cargill to be a leader and to be out in front,

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doing whatever we can, and bringing others with us relative to borrow

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station. It will add volatility, extreme temperatures, lack of

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rainfall or extreme rainfall. We believe that we are good at risk

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management and want to manage risk for our own businesses and our

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customers. In the past, companies and financial leaders have said that

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they cannot do anything about climate change because it would hurt

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economic growth. I think that we are at a tipping point. Are we at a

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tipping point where...? I think the mindset is changing. Economic growth

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and economic success are not incompatible with doing something

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about climate change. Not incompatible with taking deliberate

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and smart as specific steps to do whatever we can to build sustainable

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supply chains and to make sure we take steps to eradicate

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deforestation and climate change will stop I do not believe that they

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are incompatible and I do think that the momentum is significant. The

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chief executive of Cargill, talking to the BBC.

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Japan and the US have begun high`level talks in Washington,

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aimed at breaking a deadlock over a free`trade zone that would encompass

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over 40% of global output. Negotiations for the Trans`Pacific

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Partnership have stalled largely because Tokyo and Washington have

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failed to resolve their differences. Earlier, I asked one trade expert

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whether she thinks the deal can pass. On a positive note, Shinzo

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Abe, the Japanese prime minister, has been making a lot of speeches

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lately about the need for agricultural reform inside Japan.

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There is a window of opportunity here for the Japanese to seize the

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TPP talks as a mechanism for getting domestic reforms in an important

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sector for them. The Japanese and the Prime Minister Shinzo Abe

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pushing for these reforms... Are we likely to see this happen over the

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next few meetings in October and after the mid`term elections in the

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US? I hope so because if we do not see it then, the window of

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opportunity is shrinking. The timing is very important. In order to get

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the agreement as a whole across 12 parties to close, the portion

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between the US and Japan is crucial. And apart from the agricultural

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issue, there are barriers for automotive trade involving the other

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12 countries. There are also intellectual property rights and

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environmental protection as well. The last 48 hours are critical. That

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is when the sensitive issues get resolved. It is not until the bitter

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end that we will see resolution on these issues that you have

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mentioned. BlackBerry has held its first major smartphone launch in two

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years. Its new model is bigger but is it better? The company has been

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under heavy pressure to come up with a new product but will it be enough?

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Or is it simply too little too late? In the smartphone battle, BlackBerry

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has had a pretty torrid few years, it is fair to say, but this is the

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device it believes will get it back in the fight. It is called the

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passport and it has a keyboard. TPP are returning to what they see as

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their key strength. `` BlackBerry are returning to what they see as

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their key strength. The size and the shape of the model. We want to give

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people the real estate on the screen without compromising... It is big!

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It fits in your pocket quite easily. People still like the big

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screen and the keyboard, we only have three physical lines of keys.

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People will want to ask where are the apps? There are so many great

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apps you can have on other phones but you don't have them. We really

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have not yet proven ourselves in the market on that in this stage, but we

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do have the capacity for apps and we will be releasing these on this

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phone and other phones as well. If I want to play games and share photos,

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what about Instagram smack you can get all of those apps on the Amazon

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store. The truth is that your customers have all gone off to Apple

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and Android and they won't come back. I'm getting the complete

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opposite when we present this. They see the innovation, they see what we

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have done with the keyboard. They understand our security levels. And

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we have great battery life. 25 hours solid battery life. BHP Billiton is

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considering a secondary listing in London for its new spin`off company

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instead of Australia or South Africa. In August, BHP said it was

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separating its non`core mining assets of aluminium, coal, nickel,

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manganese and silver into a new entity, which analysts estimate

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could be worth $70 billion. Migrants have played a major role in

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Australia's long`term economic success but at the moment,

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unemployment tops 6% and a recent study by the Australian bureau of

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statistics says the outlook is even tougher for new migrants and

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temporary residents. One in three find it hard to land their first

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job. This chef spoke only Mandarin when

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he arrived in Australia from Beijing in the late 1980s. He now runs his

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own restaurant in Sydney. But in the early days, and lack of English was

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a real obstacle. Unable to find work, he went to college. It was the

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start of a successful journey. The language is the first priority to

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mix with the locals so I went to learn English. When you can

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communicate, you can start a new life. Life is good, family is good,

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children is good. All from working hard unemployment in Australia visa

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records not seen for more than a decade. Migrants from non`English

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speaking backgrounds have traditionally had higher rates of

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joblessness than other Australians and there are fears the gap will

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only widen as the situation gets worse. John arrived as a refugee ten

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years ago. He now has a degree in medical science but cannot break

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into his chosen field. About his time in Australia, he has found the

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labour market a tough challenge. I had to struggle for the first three

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years. I had to struggle to go to school. And then I had to go and get

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a factory job. That was very difficult. I had to keep trying

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until I got my first job. 25% of Australians were born overseas. This

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is a modern country built by successive waves of immigration.

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There is a belief that adversity has made the Australian economy

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stronger. There is an overwhelming consensus in Australia that

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multiculturalism and immigration has been a good thing. The links

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immigration and trade, foreign investment, have improved

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Australia's per capita income. Migrants often struggle to find a

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job in Australia because of a lack of relevant experience, language

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problems and discrimination. Most eventually overcome these initial

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struggles but if it gets even harder for new arrivals to find work, it

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will be a concern for the whole economy.

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Before we go, here is a quick look at the markets. Asia is currently in

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positive territory in early trading.

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Thank you for investing your time with us. Goodbye for now.

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This is BBC News. The

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