WTO says exports from North America will slump 12%

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  Hello and welcome to World Business Report on the BBC World Service.

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  We'll be in with you today.

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  Thanks so much, as always, for being with us on the program.

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  Coming up today, the World Trade Organization warns the US-China trade war risks dragging the world into recession.

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  We'll have more on their fresh report in just a moment.

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  Also today, we'll cross to Malaysia to hear the latest on President Xi of China's visit to the country and how,

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  amongst the high level talks, there's been agreement for a major new railway project.

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  And we'll hear about a pretty prickly problem for saffron farmers trying to stop hungry porcupines destroying their crop and driving up prices in the process.

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  70% corpus has been damaged by the sparko pines.

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  That causes one quintal 100 kg cost to several saffron corpus approximately 70,000 rupees.

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  Yeah, well,

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  rather than me trying to handle that problem and why the opening of an ATM cash point sparked this celebration.

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  Yeah, we'll hear about the first ever cash points to open on the Pacific Island nation of Tuvalu.

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  That's all to come here on World Business Report over the next 25 minutes or so.

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  Let's start with a warning from the body that sets the rules for global trade because in the past half hour,

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  the World Trade Organization says North America will bear the brunt of President Trump's tit for tat trade war in its latest global trade outlook and statistics report.

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  The WTO also said global trade output will decline 0.2% this year.

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  But North American exports could slump as much as 12%.

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  Here's the WTO's director general Ngozi Okonjo-Oweila just a few minutes ago.

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