00:00time so european union is very close to getting it done how close is it we just had a very good
00:06meeting with the minister goyal i think it's our 11th meeting over the last 10 months so we spent
00:11enormous amount of time together to get it done so we are checking you know the latest documents
00:19we are exchanging the last numbers and i believe that we are very very close so come tuesday there
00:23will be a signature i mean we do our utmost and i believe we will have a signature you've said
00:27the indians have been tough negotiators why i think they are known for being very tough negotiators
00:33and also our starting positions have been very different they had a high tariff they are developing
00:39country and we wanted to respect their specificity and at the same time to protect european general
00:43interest and of course is there anything that's a red line for them that we cannot accept and vice
00:49versa what's the sticking point at this hour i think that we had a very frank and open discussion at the
00:55beginning of the last year where we decided to keep the most sensitive sectors for both of us
01:00outside of this deal so we can really focus on the positive outcome so we are working on that right
01:05now and and of course always in the last hour so you want to check the numbers you want to be sure that
01:11we are both delivering and therefore we had a meeting this afternoon the teams will work on it and i
01:16believe that tomorrow we will complete the whole exercise this is the mother of all trade deals is
01:21something the commission loves to say but for europe as we're watching euronews today and they
01:25go what does that mean how is that going to impact european businesses and sectors where is the benefit
01:30the value of this deal going to come from first and foremost this is the largest trade deal ever
01:36if you look at it from the point of view of the number of consumers we are talking about almost two
01:41billion uh people then we are looking also at the level of tariff so i mean what is very important
01:47true recall is that in some sector india has tariff going up to 150 percent and therefore big parts of
01:55the economy the whole sector has been completely closed off to the european exporters and now we
02:00are kind of reopening so the big benefit would be opening of the economy second building up the
02:06integrated global supply chains and hedging against the global instability is there any particular
02:10sector that you say this is a good deal for you i i believe that we will have that good message
02:15because this is really opening new perspective for many sectors and i believe that we are truly
02:21opening new chapter in strategic india eu relations indians were hit heavily by the trump tariffs
02:27to the european union too it's a different deal but nonetheless there's a pressure of tariffs coming
02:32from the united states why the timing why sign it now i think it's a it's a high time i mean it was
02:37more than 10 years in the making and i think that momentum which was built when we've been here
02:42in february the whole college of commissioners and prime minister modem or so on the line to the
02:47political decision let's do our best let's try to have the best outcome and it would help us to
02:52kind of have this insurance against the global trade turmoil and therefore now i think it's a
02:59highest time to do it and i believe that it will help both sides and our economic operators
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