00:00Bom dia, é Wednesday 28 de junho. Eu sou Mave MacMahon e esse é Europe Today.
00:21A sua receita de europeia e análise, aqui no Euronews.
00:26Coming up, EU leaders are pumped with adrenaline and exhaustion after their successful stay in India this week.
00:34Brussels and New Delhi signed a historic deal that will cut tariffs on numerous products from steel to plastics.
00:42To enter into force, the deal must get the nod from EU member states, the European Parliament and the Indian Cabinet.
00:48But the EU will keep tariffs on beef and chicken as a gesture to European farming communities.
00:53Euronews' EU editor Maria Taddeo was one of the few European journalists on the ground in Delhi and sent us this report.
01:00Good morning. We're still in Delhi, of course, where the European Union and India yesterday signed a trade deal.
01:08The commission says this is a monster of a deal, the mother of all trade deals, which will see tariffs cut across the board for European companies.
01:17In fact, the commission said and told us yesterday that European exports will see tariffs cut for pretty much 96% of all European products entering this market.
01:28Now, is it the mother of all trade deals?
01:30In a way, it depends on how you look at it and who you ask.
01:34The one thing to keep in mind, of course, is that before this trade deal was announced, India was a very protected market for European companies with very high tariffs, in some cases more than 150%.
01:46Obviously, that meant that doing business in this country of more than 1.4 billion people was very difficult.
01:54Now, with this deal, the European Union says they have opened up the market and will tap into huge potential.
02:01In terms of who's the winner, that's also important.
02:04We have to look at the breakdown, the machineries components where tariffs used to be as high as 44%.
02:11They will now go down to zero.
02:13The same will apply for equipment.
02:15When you look at some of the European staples like pasta, olive oil, obviously a lot of this has to do with the brand of made in Europe.
02:22They will also go down to zero.
02:23And when you look at cars, and this is a very sensitive industry for the European economy and in particular for Germany, they will gradually go down to about 30% and possibly, in some cases, some specific models to 10% with a quota.
02:39The Europeans insist the value and the goal of this deal was to open up the market, and they believe they have done so with this FTA.
02:48Now, on that note, yesterday I spoke with the president of the European Council, Antonio Costa, after the deal was signed.
02:55And he also told us beyond the trade and beyond business, this is a deal of high political importance at a time of very difficult and complex geopolitical relations.
03:06Let's take a look.
03:08President, thank you so much for joining us on this special day, in a way, for the European Union.
03:14You've said, finally, you've got this mother of all trade deals.
03:17But I wonder if the real value is, sort of the optics around it, is to send this message that when there's tariffs all over the place, that's the value of a moment like this.
03:25No, they have a great value from the economic point of view.
03:30But perhaps more important is the message that the two largest democracies in the world are sending to the international community.
03:38is that it's important, it's essential to provide predictability, to engage on cooperation instead of confrontation, and that reliable partners can work for good in the world.
03:54So you don't believe this is the end of the multilateral trade system?
03:57Many think after the tariffs before President Trump is the end.
04:00It's a very important way to underpin the multilateral system.
04:05We are living, not in the world of blocks, but in the world, in the multipolar world.
04:10And in this multipolar world, we need to do two things.
04:14Three things.
04:15First, underpin the multilateral system.
04:18Second, uphold the international law.
04:22And finally, engage bilaterally with the different parts in the world.
04:25That's the reason because last week, we signed the trade agreement with Mercosul.
04:30Now, we signed the trade agreement with India.
04:33And we continue to work in new trade agreements and new partnerships with the different subjects, with different partners around the world.
04:40And of course, President, you're a very experienced politician.
04:43And I know you're going to say you don't like to engage in hypotheticals, just reality.
04:47Then if you know, you don't invest me.
04:49But this is where I got to ask, do you believe, do you get a sense really, in real terms, would we be here today in New Delhi with this agreement on the table, the Mercosul done also in the past month, if President Trump had not been elected and put forward this very aggressive type of policy?
05:07Well, we started these negotiations a lot of years ago.
05:12But of course, when you are living in the unpredictable world, you need to provide predictability to the business, to invest, to produce, to trade, and to give hope and security for the citizens.
05:27And would you say, however, don't mistake politeness for weakness?
05:32Some who look at this very polite European Union, it means it's also a weak European Union.
05:37Would you say don't make that because that would be a mistake?
05:40Yes, I don't enter in this game of words.
05:43We focus on the reality.
05:45And our reality is very simple.
05:48We are one of the largest economies in the world, one of the largest democracies in the world.
05:54And we have a lot of friends around the world.
05:58Friends, partners, allies, and we work with everybody.
06:02And President, I wonder if you could confirm to us, there is now talk that in the retreat that you have called for leaders to have a debate in February, so very soon, Mario Draghi will participate.
06:15Is that going to be the case?
06:16And is that your personal invitation to Mario Draghi?
06:18As you remember, last year, we start the year in February organizing a retreat on defense.
06:26And I invited the Secretary General of NATO, Mark Root, and also the Prime Minister of the United Kingdom, Keith Stama.
06:33And it was the pivotal moment to improve and focus on our own agenda on security and defense and strengthen our relationship with NATO and the UK on security and defense.
06:45This year, we need to do on competitiveness and on our single market what we have done last year on security and defense.
06:53That's why I invited Mario Draghi and Enrico and Enrico Letta to be present in the European Council to debate on us, to take stock of what we have already done with their reports and what we need to do to accelerate and to deliver, to boost competitiveness and to deepen and strengthen our single market.
07:16And that's my last question.
07:17What do you hope to achieve?
07:19Because you talk about the retreat that happened last year that kick-started the sequence on defense.
07:23Do you worry, and is that the reason why you want Mario Draghi and Enrico Letta to be in the meeting, that this report is not being implemented fast enough?
07:30Are you concerned?
07:31What I expect from the leaders is that they give clear political guidance to the Commission, to the Council, as they have done last year on security and defense.
07:42And this year, on the single market and on competitiveness, we need to create a new momentum to give new impetus on this agenda.
07:51As you know, we have done, we have invest a lot on simplification, but we need to do much more to deliver and to boost effectively on competitiveness and in our single market.
08:05And if you want to underpin our effort on security and defense, we need to have a strong economic base.
08:14Maria Tadeo, our news editor, EU news editor, speaking there exclusively to the European Council President Antonio Costa in New Delhi.
08:26And back in Brussels, European lawmakers have started examining the small print of that EU-India deal that they will be asked to ratify.
08:33Our Jacobiannis also read it thoroughly, so you don't have to.
08:36Here's his summary.
08:37Do you have a spare pen?
08:42Yesterday, the EU signed a historic trade deal with India that Ursula von der Leyen calls...
08:49The mother of all deals.
08:51Why, you ask?
08:53Because with Trump in the White House and the European relations with China being complicated, Brussels needs new friends.
09:01And it needs them fast.
09:03Right now, the EU is actually India's biggest trading partner, if you count it as a bloc.
09:09Trading about 100 billion euros a year.
09:12And the goal is to double that by 2032.
09:16And that's a lot of euros.
09:19If you live in Mumbai, get ready for cheaper European cars, wines and machinery.
09:25And if you live in Europe, expect cheaper electronics, textiles and medicines.
09:30And India also needs green energy and waste management.
09:35That is exactly what European companies are good at.
09:38So expect to see more European tech in Indian water plants soon.
09:43But not everyone is invited to the party.
09:47Beef, chicken, sugar and rice stay protected.
09:50And the reason is simple.
09:52After the recent Mercosul negotiations, nobody wanted to risk a riot.
09:57You could say that food fights are officially cancelled.
10:00At full potential, this creates a market of 2 billion people that is almost a quarter of the world's GDP.
10:10And Brussels calls it the most ambitious deal India has ever signed.
10:15And it seems the EU needs that win.
10:18Do you remember that EU-US trade deal von der Leyen and Trump struck at his Scottish golf course last summer?
10:26It is now facing further delays.
10:29NEPs just postponed the vote on it again.
10:32So while Washington waits, Delhi trades.
10:36A new reporter has got a Hindi lesson in five minutes.
10:39So namaste.
10:40Jakob Janis, now moving on.
10:47The EU Commissioner for Defence has said that the EU answer to Elon Musk's Starlink could be up and running by 2029.
10:55Andreas Koubilius made the statement at the European Space Conference, taking place this week here in Brussels.
11:01To hear what else is under discussion at the annual event, we can cross now over to EURI News' Sasha Vakilina, who's joined by Joseph Aschbacher.
11:09That's the Director General of the European Space Agency.
11:12Good morning, Sasha.
11:13Good morning, Maeve.
11:17Yes, indeed, we are here with the Director General of the European Space Agency, Dr. Joseph Aschbacher.
11:22Thank you very much for being here.
11:23Now, you said that the United States still spending six times more than all European actors combined.
11:29When it comes to China, this is 50 percent more.
11:31How alarming is that for the European Union?
11:34It is very alarming because on one side, and I really would like to say, Europe has excellent capabilities.
11:40Our industry is among the best in the world.
11:42Our engineers, our scientists are really top class, so this is the good news.
11:46I would say the alarming news is that the U.S. is spending so much more, but also other countries.
11:52And this is where we see a real risk that European companies may be pushed out of the market, that we are losing market share.
12:00And this is my job as Director General of the European Space Agency to ensure that we succeed, that we are stepping up, that we elevate the future of Europe through space.
12:09How can we step up?
12:10How can we speed this up and also to challenge and to catch up with the dominance of SpaceX?
12:14Do we have our own European Elon Musk here in Europe?
12:18We have many very gifted and very talented entrepreneurs.
12:23I've just met yesterday quite a couple of them.
12:26So there really are, I would call it, the little Elon Musk that we have in Europe.
12:29They have the ingredients, they have the capacity, they have the technology, they have the companies.
12:34But yes, what we have to do from the public sector, that's the European Space Agency, the European Commission, to make sure that we have a framework where we can support them.
12:41We can provide the funding, the guarantee that we are buying their services and their products, which we stimulate through our framework and technology developments.
12:50Yes, we can do it, but we have to step up.
12:52Thank you very much. The Director General of the European Space Agency, Joseph Aschbacher, thank you.
12:57Thank you so much.
12:58Thank you so much, Sascha Vakilina there.
13:01And of course, to your guest, Joseph Aschbacher.
13:04If you are interested in the European Union's role in space and everything else that's being discussed there at that conference, do visit euronews.com or download our app.
13:13But that brings this edition of Europe Today to an end.
13:16Thank you so much for tuning in.
13:17We always love having your company.
13:19Always, you can reach out to us as well if you have any comments or points or stories that you would like us to cover.
13:25Our email address is europetoday at euronews.com.
13:29Thank you so much again for tuning in.
13:31See you soon here on Euronews.
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14:31Legenda Adriana Zanotto
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