22/03/2017 World Business Report


22/03/2017

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We weigh up the impact of the widening flight ban

:00:13.:00:16.

With just one week to go before the UK Prime Minister formally

:00:17.:00:24.

starts Brexit - senior politicians put pressure on to ensure the right

:00:25.:00:27.

free trade deal with the European Union.

:00:28.:00:36.

The UK has announced a ban on tablets and laptops being carried

:00:37.:00:46.

It follows similar moves by the US announced earlier.

:00:47.:00:51.

But importantly the two bans affect different countries.

:00:52.:00:55.

The US decision impacts flights originating from airports

:00:56.:01:01.

in Morocco, Egypt, Turkey, Jordan, Lebanon, Saudi Arabia,

:01:02.:01:03.

That means it captures some of the world's biggest long haul

:01:04.:01:10.

carriers - including Emirates, Etihad, Qatar and Turkish Airlines.

:01:11.:01:15.

The UK ban has a more limited focus it doesn't include Morocco,

:01:16.:01:18.

the UAE or Qatar - but it does include Tunisia.

:01:19.:01:21.

British Airways and easyJet are among the airlines affected.

:01:22.:01:24.

Officials from both governments say bombs could be hidden

:01:25.:01:27.

Any electronic device larger than 16 x 9.3cm is affected,

:01:28.:01:38.

and will need to be place into hold luggage.

:01:39.:01:42.

So, how is the ban likely to work - and who is affected?

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To the US include Egypt air, Royal Jordanian, Turkish airlines,

:01:46.:02:06.

Emirates, any hard and Qatar. Anything larger than a smartphone or

:02:07.:02:10.

cellphone will have to go in checked luggage in the hold. That includes,

:02:11.:02:17.

but is not limited to, laptops, tablets, E readers, cameras and

:02:18.:02:22.

portable DVD players. Any increased security cost will be borne by the

:02:23.:02:27.

affected airports. The Department of Homeland Security says it chose the

:02:28.:02:32.

airports, quote, based on the current threat picture but said more

:02:33.:02:36.

may be added in future. There is also no time limit on the rule. They

:02:37.:02:40.

say they will stay in place until the threat

:02:41.:02:49.

Simon Calder is here, our travel expert.

:02:50.:02:55.

You have a great illustration of the size we are allowed to now take into

:02:56.:03:03.

the cabin. Of course, mobile phones and tablets and the readers have

:03:04.:03:07.

merged, almost. This is now the maximum size. There are big but, of

:03:08.:03:13.

course, cameras which can have a similar dimensional art too thick to

:03:14.:03:17.

escape the ban. So you have all of this expensive technology that

:03:18.:03:24.

people tend to carry close to them, particularly business travellers.

:03:25.:03:28.

Suddenly that will be in the holds of aircraft. What could possibly go

:03:29.:03:33.

wrong? What does the inconvenience but if you are someone who has

:03:34.:03:38.

extremely important information on your lap, -- laptop, you don't want

:03:39.:03:46.

to leave but leave your possession. And many people on these routes will

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be travelling for official business so there are serious concerns about

:03:51.:03:54.

this and people are religious coming to with the implications.

:03:55.:03:58.

Logistically it will be a nightmare. I travel tomorrow to Turkey,

:03:59.:04:02.

returning on Saturday. On my flight back I need to suddenly find that

:04:03.:04:08.

bag I can put this stuff in, safely, I hope. That will lead to the

:04:09.:04:12.

pressure on airports both at Istanbul and when I arrived in

:04:13.:04:15.

London. The implications are quite tremendous. What do you make of it?

:04:16.:04:21.

We assume they have new intelligence. This is coming out of

:04:22.:04:27.

intelligence gleaned from the workings of our Qaeda in the

:04:28.:04:32.

peninsula, particularly in Yemen, and the sophistication is now

:04:33.:04:36.

deployed by a bomb makers. That is the concern. What I do not

:04:37.:04:41.

understand is why, as you were explaining, the difference in the

:04:42.:04:44.

countries covered. If there is a threat then, surely, it applies to

:04:45.:04:49.

all countries. And it is interesting that the UAE, Emirates, and Eddie

:04:50.:04:56.

hard as well is Qatar Airways are included in the US ban but not in

:04:57.:05:00.

the reddish ban. The two series I've heard is that the Americans are

:05:01.:05:04.

quite upset about the unfair advantages the Gulf carriers have

:05:05.:05:07.

over their domestic players and the other one is simply that if you try

:05:08.:05:11.

to impose that on the UK context, it will simply... The scale would be

:05:12.:05:18.

overwhelming. Thank you so much for your insight. More detail on the

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website and more information and illustrations for you so that you

:05:23.:05:28.

are Ros what you can and cannot take.

:05:29.:05:30.

China's Premier Li Keqiang sets off for a trip to Australia

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China hopes to enhance free trade agreements with both nations

:05:33.:05:36.

and promote cooperation in science, technology and innovation.

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Can you tell us more about this trip? Important for both sides. He

:05:45.:05:53.

will land in Canberra at a pivotal moment when you look at what is

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happening globally with so much uncertainty in the relationship

:05:58.:06:04.

between America and China. Australia has had this role of a couple of

:06:05.:06:08.

decades for being a bridge between the two. The message from China is

:06:09.:06:14.

that there is nothing to fear in the future, carry on trading. There has

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been a landmark free trade agreement between Australia and China since

:06:18.:06:21.

the end of 2013. China is the biggest trade partner of Australia

:06:22.:06:24.

on both sides want to see that flourish. Traditionally it has been

:06:25.:06:28.

based on things like iron ore and coal but more and more e-commerce

:06:29.:06:32.

technology is where the growth will come from. Australia will try and

:06:33.:06:37.

show the Premier the best time. He will can watch and Australian Rules

:06:38.:06:40.

football game here in Sydney on the weekend, a game that Australia wants

:06:41.:06:42.

to export outside its borders. There is just a week to go until

:06:43.:06:44.

Britain's Prime Minister Theresa May formally starts the process

:06:45.:06:48.

of the UK's departure And there's another warning

:06:49.:06:50.

on an uncertain future for business. The non-financial services sector

:06:51.:06:55.

is at risk of "significant damage" if there is no free trade deal

:06:56.:07:01.

before the UK leaves the EU. That's according to a committee

:07:02.:07:06.

of the upper house of Parliament, I have a lord with us, the chairman

:07:07.:07:22.

of the EU internal market subcommittee. This is a warning

:07:23.:07:27.

coming from you. Can you tell us more about your concerns? We look at

:07:28.:07:30.

non- financial services, effectively everything from digital services

:07:31.:07:34.

through legal services through things like fashion and music and

:07:35.:07:38.

services like aviation as you have been talking about. All of those

:07:39.:07:44.

like a single market and there is a lot of money in it for the British

:07:45.:07:48.

people who by and large have a surplus. We do well in the cutting

:07:49.:07:51.

edge of technology and we compete freely within Europe even though the

:07:52.:07:55.

single market is not perfect. They want to retain all of those aspects

:07:56.:07:59.

of the single market and that will be difficult to negotiate. When

:08:00.:08:03.

Theresa May formally starts the process next week she will also come

:08:04.:08:08.

with that, put forward the UK's proposal on how negotiations should

:08:09.:08:13.

go and where it should begin. And big, as it were, to leave. Once that

:08:14.:08:18.

has happened, business will have a better idea of where they are

:08:19.:08:25.

headed. Some are already preparing, anyway, aren't they hard Brexit

:08:26.:08:29.

scenario? Some are making contingency deals, relocating to

:08:30.:08:34.

other parts the EU, for example. What we say here is that if we are

:08:35.:08:38.

going down the road of a free trade agreement which was an option, they

:08:39.:08:43.

need to make special provisions of these services. Things like

:08:44.:08:47.

intellectual property, recognition of qualifications, licensing

:08:48.:08:49.

systems, all are quite detailed and complex within each of these

:08:50.:08:53.

sectors. It is a difficult negotiation and will take time. And

:08:54.:08:57.

each different actor will come as you say, it is complicated and

:08:58.:09:01.

specific, there will need to be specific horse trading to each. To

:09:02.:09:05.

what extent can businesses expect to be involved in the process, if at

:09:06.:09:10.

all? The government had a lot of catch up in talking to industry at

:09:11.:09:14.

the beginning of it. What industry are now worried about is that once

:09:15.:09:20.

the horse trading starts they will no longer have communication. They

:09:21.:09:23.

need to continue the line of communication with ministers. The

:09:24.:09:27.

next worry is that some of these sectors are so if Terry they may

:09:28.:09:31.

actually drop out of the picture. That is unfair because this is one

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of the greatest assets that Britain has in one of our greatest surpluses

:09:37.:09:41.

with the European Union. Previous free-trade agreements which Europe

:09:42.:09:45.

do have not really dealt with these issues. It will be unprecedented and

:09:46.:09:52.

copper and sieve and difficult. We do agree on that they certainly are

:09:53.:09:55.

unprecedented times. Thank you for coming in and we will keep an eye on

:09:56.:10:00.

that story as it develops. But a quick look at markets. A decline in

:10:01.:10:04.

markets for the United States overnight. The biggest fall since

:10:05.:10:09.

Donald Trump was elected and since he came into office. No surprise

:10:10.:10:14.

that all that Asia is following suit. The price of oil continues to

:10:15.:10:18.

fall and the yen is getting stronger. Everything, I would say...

:10:19.:10:22.

Let's look at the US, you can have a look at how went at the end of day.

:10:23.:10:28.

Everything is headed south on now. We will talk more about that when we

:10:29.:10:30.

reviewed papers later. Back with me in a moment. Just time

:10:31.:10:47.

to tell you now that new figures to show you that the number of women

:10:48.:10:51.

working into their 70s is doubled over the last quarter a years. Over

:10:52.:10:54.

11% of women

:10:55.:10:55.

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