00:00Some call it the mother of all deals.
00:03That's European Commission President Ursula von der Leyen speaking here in Davos about a trade deal with India that's been 20 years in the making.
00:12Her comments come just weeks after Germany's Chancellor Friedrich Maas was in India pledging stronger business and defense ties,
00:20which may include a possible $8 billion submarine deal.
00:25Now, all of this is happening as U.S. President Donald Trump continues to pressure European allies over Greenland,
00:33although he's now refraining from imposing new tariffs over the matter.
00:38Meanwhile, India is still facing some of the harshest U.S. tariffs, even after cutting back purchases of Russian oil.
00:47The proposed EU-India trade deal would significantly cut tariffs on more than 90 percent of goods traded between the two sides.
00:57That could help Prime Minister Narendra Modi offset some of the damage from Trump's policies towards India's biggest export market, that is, the United States.
01:10What the land says, the agreement could give Europe a first move advantage in one of the world's fastest growing regions.
01:18It's all part of a broader push to reposition the bloc in an increasingly fragmented global economy.
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