tv Business - News Deutsche Welle May 16, 2018 7:02am-7:16am CEST
last three years. is germany a war profiteer former staff of a german gun maker on trial for alleged illegal exports used to kill thousands of people in mexico's drug war also coming up our a.w.t. over ruling on their boss paves the way for us to sanctions against the u. and the west sanctions on russia of buying back we talked to the german economy minister about the consequences. this is your business update on helena humphrey in berlin glad you could join me now weapons exporting can be a murky business and here in germany six former employees of gun maker heck and call have gone on trial there facing charges of illegally exploiting weapons to mexico prosecutors accuse the company of supplying rifles used in abuses like the suspected massacre of forty three mexican students they say shipments breached
germany's weapons control nor by ending up in especially violent states now if found guilty the defendant scruton face prison terms of up to five years. well guns tanks and i mean ish made in germany a popular making at the world's fourth biggest arms exports last year german foreign firms sold forty percent of their weapons to the e.u. and to nato countries now you can see the sixty percent went to other countries around the world every german arms export needs a government license deliveries to nations outside of the e.u. and nato came under particular scrutiny to ensure that they comply with the following criteria so they have to meet human rights standards they must not endanger regional political stability and they shouldn't clash with germany's all the european union's political interests or who it is to the principles and if the
court rules that the company had and call did not it could face a fine our ports are going to kettles went to the town where the firms based oberndorf anneka major center of the german weapons industry those who want to understand germany's weapons capital need to go to church says for you what if that's why when it was here that weapons manufacturing began an open door of all about two hundred years ago in august an eon monastery was actually in this church where we're standing in these little hole could be married to god in the highest heaven it was a good and she's on earth and goodwill to men it's grotesque that we believe this message of peace weapons were produced because of women which millions of people were killed off from war to three of would meet in new york from and one of the only opinion makes him an outsider and opened off there are three weapons manufacturers in this small town in southern germany and cruising heck not own
cause. many of the roughly fifteen thousand residents are directly or indirectly involved in the arms industry. because you don't really think about it they have to be produced somewhere and now they're here and if the company has to make something one make sugar or others make candy make weapons without weapons what should they make maybe make chocolate or something. they. learn cost doesn't make it someone else will then somebody else will produce weapons and they're not just making weapons for the military but also for the police and we need them to use. guns have been manufactured and opened off for two hundred years the first rifle factory opened in eight hundred twelve the local weapons museum shows the development from the early days to modern military weapons by headline co. so this g thirty six assault rifle takes center stage it's
been the standard weapon of germany's armed forces since about two thousand since one thousand nine hundred seventy it's actually true that the standard infantry arms have come from off to this day except for a very very short break first for the imperial army then for the army of the knife during the weimar republic for the veil most of the nazi era and then for today's bundeswehr. work for heck on call in his youth today he's involved in activism against weapons exports from his hometown. everyone knows that every fifteen minutes every fourteen minutes to be precise someone is shot dead with a weapon made by heck not because it matters to some people this is the he. had and call not just a company like every other even if as seen from off that's easy to forget. world trade organization says the e.u.
has been illegally providing subsidies to european plane maker could retaliate three measures worth billions of dollars from the united states in the ruling is the latest twist in a dispute dates that well over a decade at the center of the dispute are the world's two largest plane makers european aviation giant air bus and its u.s. rival boeing the w t o ruling upholds a claim by the united states that the european union has been illegally subsidizing two kinds of aircraft made by air bus the a three eighty super jumbo and the a three fifty twin aisle jess that says the trade body has led to lost sales for boeing the decision enables the united states to seek the right to impose sanctions against the e.u. u.s. trade representative robert litan hisor had this to say in response. this
report confirms once and for all that the e.u. has long ignored w t o rules and even worse aircraft subsidies have cost american aerospace companies tens of billions of dollars in lost revenue. the e.u. says it will take swift action to ensure it's in line with w t o rules but pointed out that the vast majority of u.s. claims were rejected but the story doesn't end there the e.u. has brought its own case against the united states accusing is of illegally subsidizing boeing the outcome of that case won't be known until later this year the tit for tough battle to dominate the skies comes at a time of already soaring trade tensions between the united states and think european union most recently concerning the threat of u.s. tariffs on steel imports the upcoming ruling on alleged u.s. subsidized ation of boeing is likely to lead to further turbulence. and in new york
standing by for us is our financial correspondent u.n. school to c.n.n. we have another fascinates in the global trade dispute brewing what response can we expect from washington at this point it seems pretty likely that the u.s. so will impose a mess of tariffs maybe already at the start of twenty nineteen and when i say a mess if expectations are we are talking billions of dollars maybe up to nine billion dollars and those terrorists will probably be not imposed on planes but on any product out of europe that the u.s. pleases we have to wait and see if it is going to comply with the w two your rules rather quickly and then maybe you can avoid some of those terrorists but at least at this point that's the likely scenario by the way there's also a case pending at the w t o regarding boeing that they also received some thirty's
from the u.s. side but this case is probably going to take a hears to be decided and of course we also have the chinese trade delegation on a return visit to the u.s. what do we know so far. well we do not have that many details yet on the chinese delegates being here in the united states an old saw the general. tone out of washington is the narrative is not necessarily consistent on one side we had the u.s. ambassador on china saying that the two sides are still well apart far apart when it comes to the trade talks on the other side larry kudlow one of the economic advisors to the u.s. president in an interview i was talking about a bromance between the u.s. and the chinese president this good relationship that the two are having eventually could lead to a successful trade talker but it's really
a wide open if those two countries the two biggest economies on the planet will find some common ground all right yes quarter for us in new york thank you the west sanctions on russia appear to be biting back at german wholesale metal has posted a quarterly loss of over fifty million euros it's a steep drop since the same quarter last year when mittal posted a forty eight million euro profit russia's one of the group's most important markets but growing economic uncertainty has led to fall in consumer spending metal plans to change its pricing policy to reignite business in russia well the economic sanctions on russia are topic all moscow bureau chief me on the right side it just spoke about in the exclusive interview with the german economy minister peter. i mean this is the minister spoke this morning with german business representatives. complaining that the sanctions on russia have made it difficult
for them to generate the revenues we thought would otherwise been possible. you talked about off the clock german industry once the sanctions removed at least partially so can you make that happen because. it was important to me to speak to german business representative yes there are many companies here mid-sized firms but also very big ones their presence here they create jobs and make money and it's important to me to be able to protect these companies from the negative effects of the american sanctions. wearing gauging into a problem that discussion. first with the american government to see whether deadlines can be extended in certain cases and exceptions made possible but we're also speaking with the russian government because we want to make certain that russian counter measures won't exacerbate the situation for german companies. that's what you say with the latest from the world of business from all find us on
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