00:00¡Suscríbete al canal!
00:30and exhaustion after their successful stay in India this week
00:34Brussels and New Delhi signed a historic deal
00:37that will cut tariffs on numerous products from steel to plastics
00:41To enter into force, the deal must get the nod from EU member states
00:45the European Parliament and the Indian Cabinet
00:47but the EU will keep tariffs on beef and chicken
00:51as a gesture to European farming communities
00:53Your News' EU editor Maria Tadeo
00:55was one of the few European journalists on the ground in Delhi
00:59and sent us this report
01:00Good morning, we're still in Delhi of course
01:04where the European Union and India yesterday signed a trade deal
01:08The commission says this is a monster of a deal
01:10the mother of all trade deals
01:12which 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
01:23for 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
01:39India was a very protected market for European companies with very high tariffs
01:44In 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
01:58and 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
02:06The machinery's components
02:08where 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
02:17like pasta, olive oil
02:19Obviously, a lot of this has to do with the brand 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
02:29and in particular for Germany
02:30They will gradually go down to about 30%
02:34and 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
02:44and 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
02:53after the deal was signed
02:55And he also told us, beyond the trade and beyond business
02:59this is a deal of high political importance
03:02at a time of very difficult and complex geopolitical relations
03:06Let's take a look
03:07President, thank you so much for joining us on this special day
03:12in 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
03:20to 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
03:38So what I think is that it's important, it's essential to provide predictability
03:43to engage on cooperation instead of confrontation
03:49and that reliable partners can work for good in the world
03:53So you don't believe this is the end of the multilateral trade system?
03:57Many think after the Trumps or the terrorists 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 blocs, but in the world, in the multipolar world
04:10And in this multipolar world, we need to do two things
04:13Three things
04:14First, underpin the multilateral system
04:18Second, uphold the international law
04:21And 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 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 need to ask me
04:49But this is where I've got to ask
04:51Do you believe, do you get a sense really, in real terms
04:56Would we be here today in New Delhi with this agreement on the table
05:00The Mercosul done also in the past month
05:03If President Trump had not been elected and put forward this very aggressive talent policy
05:08Well, we started these negotiations a lot of years ago
05:12But of course, when you are living in the unpredictable world
05:16You need to provide predictability to the business
05:20To invest, to produce, to trade
05:23And to give hope and security for the citizens
05:27And would you say, however, don't mistake politeness for weakness
05:31Some who look at this, very polite European Union
05:35It means it's also a weak European Union
05:37Would you say, don't make that, because that would be a mistake
05:39Yes, I don't enter in this game of words
05:42We focus on the reality
05:45And our reality is very simple
05:47We are one of the largest economies in the world
05:52One of the largest democracies in the world
05:54And we have a lot of friends around the world
05:58Friends, partners, allies
06:00And we work with everybody
06:02And President, I wonder if you could confirm to us
06:05There is now talk that in the retreat
06:09That you have called for leaders to have a debate
06:10In February, so very soon
06:12Mario Draghi will participate
06:14Is 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
06:23Organizing a retreat on defense
06:26And I invited the Secretary General of NATO, Mark Root
06:29And also the Prime Minister of the United Kingdom, Kies Tama
06:33And it was the pivotal moment to improve and focus on our own agenda
06:39On security and defense
06:41And strengthen our relationship with NATO
06:43And the UK on security and defense
06:45This year, we need to do on competitiveness
06:48And on our single market
06:50What we have done last year on security and defense
06:53That's why I invited Mario Draghi
06:55It was your wish
06:56And Enrico Letta
06:58To be present in the European Council
07:01To debate on us
07:03To take stock of what we have already done
07:06Which there are reports
07:08And what we need to do
07:10To accelerate and to deliver
07:12To boost competitiveness
07:13And to deep 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
07:21That kick-started the sequence on defense
07:22Do you worry?
07:24And is that the reason why you want Mario Draghi
07:26And Letta to be in the meeting?
07:27That this report is not being implemented fast enough?
07:30Are you concerned?
07:31What I expect from the leaders
07:33Is that they give clear political guidance
07:37To the commission
07:37To the council
07:38As they have done last year
07:41On security and defense
07:42And this year
07:43On the single market
07:45And on competitiveness
07:46We need to create a new momentum
07:49To give new impetus on this agenda
07:51As you know
07:52We have done
07:53We have invest a lot
07:55On simplification
07:56But we need to do much more
07:58To deliver
07:59And to boost effectively
08:00On competitiveness
08:03And in our single market
08:05And if you want
08:07To underpin our effort
08:09On security and defense
08:11We need to have
08:12A strong economic base
08:14Maria Tadeo
08:18Our news editor
08:20EU news editor
08:20Speaking there
08:21Exclusively to the European Council President
08:23Antonio Costa
08:24In New Delhi
08:25And back in Brussels
08:26European lawmakers
08:27Have started examining
08:29The small print
08:30Of that EU-India deal
08:31That they will be asked
08:32To ratify
08:33Our Jakob Janis
08:34Also read it thoroughly
08:35So you don't have to
08:36Here's his summary
08:37Do you have a spare pen
08:42Yesterday the EU signed
08:44A historic trade deal
08:45With India
08:46That Ursula von der Leyen calls
08:49The mother of all deals
08:51Why you ask
08:52Because with Trump
08:54In the White House
08:55And the European relations
08:57With China
08:57Being complicated
08:59Brussels needs new friends
09:01And it needs them fast
09:03Right now the EU is actually
09:05India's biggest trading partner
09:07If you count it as a bloc
09:09Trading about 100 billion euros a year
09:12And the goal is to double that by 2032
09:15And that's a lot of euros
09:18If you live in Mumbai
09:21Get ready for cheaper European cars
09:23Wines and machinery
09:25And if you live in Europe
09:26Expect cheaper electronics
09:29Textiles and medicines
09:30And India also needs green energy
09:33And waste management
09:34That is exactly what European companies
09:37Are good at
09:38So expect to see more European tech
09:41In Indian water plants soon
09:43But not everyone is invited to the party
09:46Beef, chicken, sugar and rice
09:49Stay protected
09:50And the reason is simple
09:52After the recent
09:53Mercosul negotiations
09:54Nobody wanted to risk a riot
09:57You could say that food fights
09:59Are officially cancelled
10:00At full potential
10:03This creates a market
10:04Of 2 billion people
10:06That is almost a quarter
10:08Of the world's GDP
10:09And Brussels calls it
10:11The most ambitious deal
10:13India has ever signed
10:15And it seems the EU needs that win
10:18Do you remember that EU-US trade deal
10:21Von der Leyen and Trump
10:22Struck at his Scottish golf course
10:25Last summer
10:25It is now facing further delays
10:28MEPs just postponed
10:30The vote on it again
10:32So while Washington waits
10:34Delhi trades
10:35A new reporter
10:36Has got a Hindi lesson
10:38In five minutes
10:39So namaste
10:40Jakob Janis
10:47Now moving on
10:47The EU Commissioner for Defence
10:49Has said that the EU answer
10:51To Elon Musk's Starlink
10:53Could be up and running
10:54By 2029
10:55Andreas Skoubilius
10:56Made the statement
10:57At the European Space Conference
10:59Taking place this week
11:00Here in Brussels
11:01To hear what else
11:02Is under discussion
11:03At the annual event
11:04We can cross now over
11:05To EURI News'
11:06Sasha Vakilina
11:07Who's joined by
11:08Joseph Ashbacher
11:09That's the Director General
11:10Of the European Space Agency
11:12Good morning Sasha
11:13Good morning Maeve
11:17Yes indeed
11:17We are here with
11:18Director General
11:19Of the European Space Agency
11:21Dr. Joseph Ashbacher
11:22Thank you very much
11:23For being here
11:23Now you said
11:24That the United States
11:25Still spending six times more
11:27Than all European actors combined
11:29When it comes to China
11:30This is 50% more
11:31How alarming is that
11:33For the European Union?
11:34It is very alarming
11:35Because on one side
11:37And I really would like to say
11:38Europe has excellent capabilities
11:40Our industry is among the best
11:42In the world
11:42Our engineers
11:43Our scientists
11:43Are really top class
11:45So this is the good news
11:46I would say the alarming news
11:49Is that the US
11:50Is spending so much more
11:51But also other countries
11:52And this is where
11:53We see a real risk
11:55That European companies
11:56May be pushed out of the market
11:58That we are losing market share
12:00And this is my job
12:01As Director General
12:02Of the European Space Agency
12:03To ensure that we succeed
12:05That we are stepping up
12:06That we elevate the future
12:07Of Europe through space
12:09How can we step up?
12:10How can we speed this up?
12:11And also to challenge
12:12And to catch up
12:13With the dominance of SpaceX?
12:14Do we have our own
12:15European Elon Musk
12:17Here in Europe?
12:18We have many
12:19Very gifted
12:21And very talented entrepreneurs
12:23I've just met yesterday
12:25Quite a couple of them
12:26So there really are
12:26I would call it
12:27The little Elon Musk
12:28That we have in Europe
12:29They have the ingredients
12:30They have the capacity
12:32They have the technology
12:33They have the companies
12:33But yes
12:34What we have to do
12:35From the public sector
12:36That's the European Space Agency
12:37The European Commission
12:38To make sure
12:39That we have a framework
12:40Where we can support them
12:41We can provide the funding
12:43The guarantee
12:44That we are buying
12:45Their services
12:45And their products
12:46Which we stimulate
12:47Through our framework
12:48And technology developments
12:49Yes we can do it
12:51But we have to step up
12:52Thank you very much
12:53The Director General
12:54Of the European Space Agency
12:55Joseph Ashbacher
12:56Thank you
12:57Thank you so much
12:58Thank you so much
13:00Sasha Vakalina there
13:01And of course
13:01To your guest
13:02Joseph Ashbacher
13:03If you are interested
13:05In the European Union's
13:06Role in space
13:07And everything else
13:07That's being discussed
13:08There at that conference
13:09Do visit
13:10Euronews.com
13:11Or download our app
13:12But that brings
13:13This edition of
13:14Europe Today
13:15To an end
13:15Thank you so much
13:16For tuning in
13:17We always love
13:17Having your company
13:19Always you can
13:20Reach out to us as well
13:20If you have any comments
13:22Or points or stories
13:23That you would like
13:23Us to cover
13:24Our email address
13:25This is Europe Today
13:27At Euronews.com
13:29Thank you so much again
13:30For tuning in
13:31See you soon here
13:32On Euronews
13:33Thank you
13:52Gracias por ver el video.
14:22Gracias por ver el video.
14:52Gracias por ver el video.
Comentarios