00:00Hello, good morning. This is a great agreement, the mother of all the agreements, as they call it in Brussels, after 18 years of negotiations.
00:11With this agreement, it will reduce more than 90% of all the arancels that have been applied, and that will be especially important in sectors like, for example, the European automobile,
00:25which, now, have imposed tariff prohibitions of 110%, practically making it impossible to enter the Indian market,
00:35and, soon as soon, they will be reducing with annual quotas of 250.000 automobiles.
00:41Also, they will be especially beneficial the wines, also the alcohol, the olive oil and the European machinery.
00:49The agriculture also forms part of the agreement, which is much less polémico than the pact with Mercosur,
00:57due to that the products considered sensitive, such as the meat of rice, the ave of corral, the etanol, the sugar and the milk,
01:06do not form part of this agreement.
01:09They have a plan of investments that would exceed the 100.000 millions of euros,
01:16to triplicate, also, the presence of foreign companies and, mainly, europeas in India,
01:23a agreement with the most populated country in the world, and, especially important,
01:28because, historically, it has always been very protectionist,
01:31but India wants to change this to a much more open policy in favor of multilateralism.
01:38Esther, what does this agreement mean in the current context of Europe,
01:42where Europe seeks alternatives to the independence of the United States?
01:49Yes, the agreement is key for the European Union to reduce this independence,
01:54as you mentioned, with the United States, but also India,
01:57to make frente to its great rival rival that is China.
02:02The European Union, with the United States,
02:04with the United States,
02:07which has been a very large role in the world that wants to be relevant in this new world,
02:13in this new world and this new geopolitical view.
02:16And, especially, it doesn't do anything, it does not do anything with any country,
02:19it does not do anything with the country,
02:21but with the greatest population of the world,
02:25of the world, and also blanco of the era of Donald Trump.
02:28It is especially relevant because this pact also wants to revitalize
02:32the economic gap between India and also Europe
02:37to make face to the new route of the seda China.
02:39And, also, this pact also includes an agreement of security and defense
02:44that will allow a cooperation without limits
02:48to make naval exercises in the Pacific zone,
02:52a zone that is especially sensitive, for all of this,
02:55is considered so relevant a agreement that marks an antecedent
02:59and then, between both bloques.
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