00:00So it's been described then as the mother of all deals, the leaders of India and the European.
00:05The European Union coming together in New Delhi to announce a huge new trade pact.
00:10After two decades of negotiations, that deal announced in the last half hour or so.
00:15As EU leaders headed there to rubber stamp it, the aim to help shield against.
00:20Challenges from the world's two leading economies, the United States and China.
00:25A while ago in the last half hour, the EU president, Ursula von der Leyen, spoke as well.
00:29Let's hear exactly.
00:30What she had to say.
00:32We did it.
00:33We delivered.
00:35The mother of all deals.
00:38We are creating a market.
00:40Of two billion people.
00:42And this is the tale of two giants.
00:45The world's second and fourth largest economies.
00:48The world's second and fourth largest economies.
00:50Two giants who choose partnership in a true win-win.
00:54It will create levels of growth that neither...
00:59The world's second and fourth side can achieve alone.
01:02And by combining these strengths...
01:04...
01:04We reduce strategic dependencies.
01:07At a time when trade is...
01:09...increasingly weaponized.
01:11...
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01:14Now live then to New Delhi, talk to correspondent Navadita Kamari, who joins us from...
01:19Now, Navadita, as we just saw, the deal has been signed.
01:22Lots of positive messages, of course, not just...
01:24...from Ursula von der Leyen, but also from Narendra Modi.
01:28What's it going to mean then?
01:29Yeah, definitely.
01:33It is a...
01:34...
01:34landmark deal, which will reduce India's reliance on the U.S.
01:39and China amid an increasingly unpredictable geopolitical...
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