01/09/2016

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:00:00. > :00:00.Now for the latest financial news with Sally Bundock

:00:00. > :00:19.British Airways resumes flights to Iran for the first time

:00:20. > :00:28.But can it really become a global tourist hotspot?

:00:29. > :00:30.Plus, looking for new friends in Africa.

:00:31. > :00:33.Facebook founder Mark Zuckerberg tells us about his plans to sign up

:00:34. > :00:56.Canada tries to diffuse a trade row with its biggest business partner,

:00:57. > :00:58.China. Details on that in a moment. We start in Iran because later

:00:59. > :01:00.this evening the first British Airways flight in almost

:01:01. > :01:03.a decade leaves Heathrow The UK Foreign Office

:01:04. > :01:06.relaxed its travel advice to Iran last July, citing decreasing

:01:07. > :01:08.hostility under President Rouhani's government,

:01:09. > :01:10.and raising hopes of a boom in both Relations with Iran have thawed,

:01:11. > :01:20.following the implementation of the nuclear deal

:01:21. > :01:22.and the lifting of US sanctions The Iranian authorities

:01:23. > :01:28.are keen to grow the number of foreign visitors to the country

:01:29. > :01:30.as a much needed source Earlier this year, Iran set a target

:01:31. > :01:37.of 20 million tourists That would could earn

:01:38. > :01:45.the country revenues of $30 That could earn the

:01:46. > :01:47.country revenues of $30 But there are many

:01:48. > :01:51.obstacles in the way. Travellers are expected to conform

:01:52. > :01:54.to Islamic Sharia laws, including the wearing

:01:55. > :01:57.of the hijab for women. And few businesses like tour

:01:58. > :01:59.operators and hotels can accept We will be speaking

:02:00. > :02:08.to a top investor who is setting his

:02:09. > :03:09.sights on Iran soon. With me is Dominic Bokor-Ingram

:03:10. > :03:11.from Charlemagne Capital, which specialises in emerging

:03:12. > :03:27.markets and launched an Iran Good morning. Thanks for coming in.

:03:28. > :03:31.A lot to take in here, we've heard British Airways will take off this

:03:32. > :03:35.evening from Heathrow to Tehran, the first time in ten years. In terms of

:03:36. > :03:40.the tourism industry, last year they saw 5 million tourists visiting.

:03:41. > :03:44.From your point of view, what needs to be done to encourage the sector

:03:45. > :03:47.for Iran? The first thing is some people need to go and tell everyone

:03:48. > :03:52.else what a fantastic place it is and how nice it is to visit, how

:03:53. > :03:56.friendly it is and how good the food is. It is something you do often,

:03:57. > :04:07.women don't actually have to wear the hitup, foreign visitors? In

:04:08. > :04:12.terror an you but very few hijabs. People go and say it is a great

:04:13. > :04:15.thing but in terms of the ease of travel, the Swift system isn't in

:04:16. > :04:20.place, the international payment system, that can cause problems for

:04:21. > :04:27.some? There is a jewel exchange rate and you have to pay in cash. It

:04:28. > :04:30.should be sorted out by the end of March next year which will make

:04:31. > :04:35.things easier for travellers. They have to invest heavily if they want

:04:36. > :04:40.to attract 20 million a year by 2025 in their hotels, the tour operating

:04:41. > :04:44.systems, many areas. Hotels is probably the biggest issue and there

:04:45. > :04:49.are a number of hotel projects now ongoing. In the past, the lack of

:04:50. > :04:55.top-quality hotels has been a real issue in Tehran in particular. Who

:04:56. > :04:58.is coming? When they say they have 5 million foreign visitors coming into

:04:59. > :05:04.Iran last year, who is most attracted to go to Iran? I think

:05:05. > :05:08.anyone apart from Americans, and anyone who is impacted by the

:05:09. > :05:12.American visa waiver system. Currently they are following a new

:05:13. > :05:16.rule this year, if you have been to Iran in the last ten years you can't

:05:17. > :05:22.use the USB is a way the system and that is putting some people off --

:05:23. > :05:28.US Leezer waiver. Outside of that I think it will be a destination for

:05:29. > :05:33.lots of Asians and Europeans. What is a big thing for travellers is

:05:34. > :05:36.security and safety with so many attractive destinations off limits

:05:37. > :05:41.because of terrorism et cetera. It is actually considered quite safe? I

:05:42. > :05:49.have never had any problems while I have been in terror on and felt

:05:50. > :05:55.unsafe. I am a frontier markets investor, and it is one of the safer

:05:56. > :05:58.places I feel I visit -- into an. Very interesting. More on our

:05:59. > :06:01.website. -- in Tehran. From Iran now to Nigeria

:06:02. > :06:04.where the founder of Facebook Mark Zuckerberg has been

:06:05. > :06:06.making his first trip The billionaire defended Facebook's

:06:07. > :06:09.decision to continue rolling out free internet access

:06:10. > :06:11.across the continent following an Indian ban

:06:12. > :06:12.on the controversial app. Critics say the scheme threatens web

:06:13. > :06:15.neutrality by locking people Martin Patience is in Lagos for us

:06:16. > :06:33.and began by asking Mr Zuckerberg I wanted to come to Lagos because

:06:34. > :06:38.there is so much entrepreneurial energy here, there is such a vibrant

:06:39. > :06:42.developer and entrepreneurial community. There are 1 billion

:06:43. > :06:46.people in Africa, wanted to listen and learn and figure out what we can

:06:47. > :06:50.do to empower people to build the types of services that are not only

:06:51. > :06:55.going to improve the lives of people here but all around the world. How

:06:56. > :06:58.are you going to improve Internet access in Africa? There was lots of

:06:59. > :07:05.controversy when you did it in India? We have a 3-step plan for

:07:06. > :07:08.doing that, the first step is making sure there's network access

:07:09. > :07:13.everywhere. In some places there is a good cell work for Mike

:07:14. > :07:20.the second step of the plan is to decrease the costs of data and the

:07:21. > :07:24.third step is to increase awareness for the Internet. A lot of people

:07:25. > :07:28.can afford it and live in areas but they have never used the Internet

:07:29. > :07:32.before. If you go up to and asked them if they want to buy a data plan

:07:33. > :07:38.they aren't sure whether they want to do that -- and asked. But it

:07:39. > :07:47.backfired in India? Almost half of countries across the continent. --

:07:48. > :07:51.and ask. What are you going to take away from this trip? The energy is

:07:52. > :07:55.amazing, the entrepreneurial energy. When you meet people, as soon as we

:07:56. > :07:59.got off the plane, I went to this engineering training programme, I

:08:00. > :08:03.met this woman who told me this story that she had applied to a

:08:04. > :08:07.programme and the first time she didn't get in, but she showed up

:08:08. > :08:11.anyway because she wouldn't take no for an answer. They decided to let

:08:12. > :08:16.her start on the training programme and so she did and she crushed it,

:08:17. > :08:19.and now she's a professional engineer working at a multinational

:08:20. > :08:24.company and doing great. So, what I've found when I travel around the

:08:25. > :08:29.world is if you have that attitude then you're going to do well, right?

:08:30. > :08:32.And that is just pervasive here. You see that throughout the whole

:08:33. > :08:35.community and its amazing. You see that and you sense that and you know

:08:36. > :08:38.that the people here are going to do big things and shaped not only

:08:39. > :08:47.Nigeria but the whole world. That's Facebook's Mark Zuckerberg

:08:48. > :08:52.speaking to Martin Patience. Canada has been trying to strengthen trade

:08:53. > :08:55.ties with China, its biggest partner after the US. Sharanjit Leyl has

:08:56. > :09:00.been speaking to the trade Minister. It's not been an easy path for the

:09:01. > :09:06.Canadians because of a certain spat over rape seed oil? That's right,

:09:07. > :09:12.rapeseed oil or canola, a major export to China and China was

:09:13. > :09:15.seeking restrictions on Canadian exports of canola to China. But they

:09:16. > :09:21.have managed to put off that particular hurdle now because they

:09:22. > :09:27.have essentially lifted the deadline which was meant to be today when

:09:28. > :09:31.those restrictions were meant to be in place. Essentially what they are

:09:32. > :09:36.looking to do is boost economic ties. China, as you said, second

:09:37. > :09:41.largest trading partner for Canada. We know this is an extensive ten day

:09:42. > :09:45.trip by the Prime Minister Justin Trudeau to China. In fact it's his

:09:46. > :09:49.first official trip there. And while there, the other interesting thing

:09:50. > :09:54.they did is they announced they would apply to join the China backed

:09:55. > :09:58.Asian infrastructure investment bank, which essentially makes Canada

:09:59. > :10:01.the latest ally of the US to join the new international development

:10:02. > :10:06.bank. The multilateral institution is seen as a big rival to the US

:10:07. > :10:09.dominated World Bank as well as the Japanese dominated Asian development

:10:10. > :10:14.bank. It was initially opposed by the US but attracted many US allies,

:10:15. > :10:18.including Canada, and I spoke to the trade minister from Canada earlier

:10:19. > :10:23.and she said that they join the group because they wanted to be at

:10:24. > :10:27.the top table. We think this is an important place for Canada to have a

:10:28. > :10:29.seat at the table. Our government believes in infrastructure

:10:30. > :10:34.investment to create jobs and growth, that's what we're doing at

:10:35. > :10:37.home in Canada. We have tremendous expertise there and we are really

:10:38. > :10:43.good at financial innovation. We think we can be an important,

:10:44. > :10:46.effective and useful member. That was Christian Freeman speaking to me

:10:47. > :10:51.earlier and the Prime Minister Justin Trudeau will be there until

:10:52. > :10:55.next Tuesday, he is attending the G20 with his counterparts, President

:10:56. > :11:06.Xi as well as Obama. All of this while trying to diffused that traits

:11:07. > :11:09.that. -- diffused. I will be back to review the papers in a few minutes

:11:10. > :11:17.-- trade spat --