A deal on Ukraine minerals: but what’s in the small print?

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

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  I'm David Harper and coming up on this edition,

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  in just a moment we'll unpick some of the detail behind a deal to exploit mineral resources in Ukraine.

• 00:10

  A state-backed blog in China suggests that the US might have floated the idea of talks on trade tariffs and we're also in Colombia where support for small businesses could help to keep the peace.

• 00:22

  I'm just heading out of town now to visit a beekeeping project in the hills above the city.

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  But this is no ordinary project.

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  First of all, all of the people working on it are women.

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  And secondly, they're all former members of the FARC.

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  More on that to come in just a moment.

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  First of all, though, it's been a bit of a rough ride.

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  But today we've heard that a deal has been signed between Kiev and Washington.

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  We secured a historic agreement to establish the United States-Ukraine Reconstruction Investment Fund.

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  This is a first-of-its-kind economic partnership for the reconstruction and long-term economic success of Ukraine that the United States will greatly benefit from.

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  This partnership represents the United States taking an economic stake in securing a free,

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  peaceful, and sovereign future for Ukraine.

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  This partnership establishes a fund that will receive 50% of royalties facilities license fees and other similar payments from natural resource projects in ukraine caroline levitt the white house press secretary speaking at a press conference in the last couple of hours now for kiev the deal is seen as essential to ensure its access to future u.s military aid although there is no specific security guarantee being offered at this stage lisa yasko is a member of parliament from ukraine's governing governing servant of the people party and speaking to the bbc she described the deal as fair There are good parts in it,

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  which includes that we are not giving up anything from Ukraine.

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  We don't grant anyone exclusive rights to Ukrainian minerals.

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  But that's a fair deal where the United States are actually investing in a reconstruction fund and they will have 50-50 access to the mineral deals.

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  There are more interesting parts in it, as for instance,

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