00:00I
00:05President, thank you so much for joining us.
00:10On this special day, in a way, for the European Union, you've set fire.
00:15And finally, you've got this mother of all trade deals.
00:18What does that mean?
00:19Well, that means that we have...
00:20We are creating a market for two billion people.
00:24It's...
00:25It's a huge...
00:26It's the largest trade agreement ever.
00:30Signed by the European Union or India.
00:33And of course, that means that you expect...
00:35That trade to now almost practically double.
00:38And you also say tariffs will come down almost...
00:40To 96% of all European exports.
00:43When do you hope to see this agreement?
00:45Implemented.
00:46As soon as possible.
00:48And this is very important for...
00:50Both European and Indian economy.
00:53But also for the global economy.
00:55Because...
00:55Together we represent a quarter of the whole GDP.
01:00That means that if we boost our economies, we are boosting the global economy.
01:05And we saw in the 72 hours that we were here, the...
01:10Indian authorities and the Prime Minister Modi.
01:12He really rolled out the red carpet for you, for the...
01:15The head of the commission.
01:16You were at this military parade.
01:17I wonder if you could just give us a behind the scenes.
01:20How this trip felt for you?
01:23Well, this trip has two parts.
01:25First of all...
01:26Very nice.
01:27Very kindly.
01:28Very nice.
01:29Very kindly.
01:30And...
01:31And...
01:32It was...
01:33The President von der Leyen and me.
01:35We are the chief guests of the celebration of the Republic Day.
01:40The great celebration of India.
01:42And...
01:43And...
01:44We had...
01:45Before that there was a.
01:46This, this experience of a great adventure sitting into theizione会.
01:47Mm-hmm.
01:48Most...
01:49Of course.
01:50HAL- I'veITY CAMPEL blank on if so.
01:51Moreover, we, have a beautiful experience.
01:52The back of this shutdown.
01:53Really...
01:54I, the 80s.
01:55And...
01:56I...
01:57managed to get it from India.
01:58I'm...
01:59culture. And the second part was the summit, where we approved not only the
02:04free and trade agreement, but also we signed a security and defence partnership.
02:09And the joint strategic agenda for the next five years.
02:14And this shows that it's possible in this...
02:19a very uncertain world that provides.
02:24Predictability when reliable partners agree on...
02:29trade, on security, on defence, on people-to-people contact.
02:33And is that your...
02:34message, ultimately, with this trade deal?
02:35You say it's the mother of all trade deals in a market that was very heavily...
02:39protected.
02:40But I wonder if the real value is, sort of the optics around it, is to send this message
02:44that...
02:44when there's tariffs all over the place, that's the value of a moment like this.
02:47No, yeah, but...
02:48they have...
02:49a great value from the economic point of view.
02:52But it's perhaps more important...
02:54is the message that the two largest democracies in the world are sending to...
02:59the international community...
03:00the international community.
03:01It's that it's important, it's essential to provide...
03:04predictability to engage on cooperation in...
03:09instead of confrontation...
03:12and that reliable partners.
03:14can work for good in the world.
03:16So you don't believe this is the end of the multilateral trade system?
03:19Many think after the tariffs before President Trump is the end.
03:22No, it's very important.
03:24it's a way to...
03:25underpin the multilateral system.
03:27We are living...
03:28not in the...
03:29world of blocks...
03:30but in the world...
03:31in the multipolar world.
03:32And in this multipolar world...
03:34we need to do two things.
03:36Three things.
03:37First...
03:38underpin...
03:39the multilateral system.
03:40Second...
03:41uphold...
03:42the international law.
03:43And...
03:44finally...
03:45engage...
03:46bilaterally...
03:47with the different parts in the world.
03:48That's the reason because...
03:49last week...
03:50we signed the...
03:51the trade agreement with Mercosul.
03:52Now...
03:53we signed the...
03:54the trade agreement with India.
03:55And...
03:56we continue to work...
03:57in new trade agreements...
03:58and new partnerships.
03:59in the...
04:00with the different subjects...
04:01with different parties around the world.
04:02And...
04:03of course President...
04:04you're very...
04:04experienced politician...
04:05and I know you're gonna say...
04:06you don't like to engage...
04:07in hypotheticals...
04:08just reality.
04:09but...
04:10Then if you know...
04:11you don't endorse me.
04:12But this is where I go to ask...
04:14do you believe...
04:15uh...
04:16you get a sense really...
04:17uh...
04:18in real terms...
04:19what...
04:19would we be here today...
04:20in New Delhi...
04:21with this...
04:22agreement on the table...
04:23the Mercosul done...
04:24uh...
04:24also in the past month...
04:25if President Trump...
04:26had not been elected...
04:27and put forward...
04:28this very...
04:29aggressive talent policy.
04:30Well...
04:31we started these negotiations...
04:32uh...
04:33a lot of years ago.
04:34but...
04:35of course...
04:36when you are living...
04:37in the unpredictable...
04:38world...
04:39you need to provide...
04:40predictability...
04:41to the business...
04:42to invest...
04:43to...
04:44to produce...
04:45to trade...
04:46and to give...
04:47hope...
04:48and security...
04:49for this...
04:49and...
04:50uh...
04:51the Indian...
04:52minister told us...
04:53that there was no mention...
04:54of...
04:54President Trump...
04:55that this was really...
04:56a bilateral summit...
04:57between the two...
04:58is that the case...
04:59you really did not...
04:59President Trump...
05:00but you don't think...
05:01that Europe...
05:02and India...
05:03are...
05:04big enough...
05:05to focus...
05:04on ourselves...
05:05yes...
05:06this summit...
05:07it is about India...
05:08it is about the European Union...
05:09and nothing else...
05:10and nothing else...
05:11so there was no mention...
05:12of President Trump...
05:13do you wonder...
05:14or fear...
05:14any form of retaliation...
05:15as you cut more deals...
05:16from the US...
05:17in any way?
05:18But why?
05:19they shouldn't...
05:20it's not a threat...
05:21to them...
05:22no...
05:23we...
05:24fix...
05:24the trade agreement...
05:25with the United States...
05:26is now...
05:27in the European Parliament...
05:28to be approved...
05:29and...
05:30we are diversifying...
05:31our trade relationships...
05:32and of course...
05:33when the...
05:34W2O...
05:35is not working...
05:36very well...
05:37and...
05:38when...
05:39several...
05:40economic...
05:43global...
05:44agents...
05:45are disturbing...
05:46the...
05:47global...
05:48trade...
05:49we need to...
05:49stabilize...
05:51the trade relationship...
05:52by...
05:53trade agreement...
05:54and...
05:55is what...
05:56we are doing...
05:57and I think...
05:58it's very important...
05:59not only for Europe...
06:00but...
05:59also for the...
06:00global economy...
06:01and I want to...
06:02pick up a moment...
06:03in the press conference...
06:04in which you show...
06:04a passport...
06:05and...
06:06I was watching...
06:07the Indian television...
06:08and this moment...
06:09was really shown...
06:09with...
06:10the documenting...
06:11you mentioned...
06:12in your origins...
06:13this really...
06:14went down well...
06:14I wonder...
06:15however...
06:16is that part of a strategy...
06:17to say...
06:18while some other...
06:19countries...
06:19in the United States...
06:20talk about...
06:21weakness...
06:22and decaying...
06:23countries...
06:24and civilization...
06:25perhaps...
06:24when you're nice...
06:25it pays off...
06:26it's better...
06:27we have a vision...
06:28again...
06:29that...
06:30in these...
06:31multi-power worlds...
06:32we need to engage...
06:33with the different...
06:34countries...
06:35with different cultures...
06:36with different languages...
06:37with different traditions...
06:38last year...
06:39we...
06:40I co-share...
06:41with the president...
06:42from the line...
06:43more than...
06:44I...
06:44I think 11 Semites around the world with the African Union, with the...
06:49...community of Latin American and Caribbean, with Central Asian countries, with China.
06:54With Japan, with South Africa, with the Western Balkans, with...
06:59...around the world. And it's our way of life in the world.
07:04It's engaging with partners and to build reliable relationships.
07:09And would you say, however, don't mistake politeness for weakness?
07:14Some who look at this, very polite European Union, it means it's also weak European Union.
07:19Would you say, don't make that, because that would be a mistake?
07:22Yes. I don't enter in this game of...
07:24...of words. We focus on the reality. And our reality is very...
07:29...simple. We are one of the largest economies in the world.
07:34And we have...
07:36...and we have a lot of friends.
07:39...around the world. Friends, partners, allies, and we work with.
07:44Everybody.
07:45And do you get an impression that now these friends and allies across the world are reaching out to you?
07:49Or is it the European Union reaching out to them because now you really need them?
07:53Is it mutual or...
07:54...or is there also an understanding that they want the European Union?
07:57I think everybody...
07:59...understood that both the North and the South are more...
08:04...plural than was perceived some years ago.
08:09And...
08:09...everybody is understanding that we need to engage with each other.
08:14...to have a peaceful, stable world on peace and security...
08:19...but also on economy.
08:20And on the security now, of course, with India and the...
08:24...the European Union, that's the elephant in the room.
08:26There's been the sticking point of the war in Ukraine, the EU...
08:29...has said multiple times that they would like to see India use a form of leverage on Russia...
08:34...and have more meaningful language condemning the war.
08:37Was that an issue during your video?
08:39...is it here?
08:40Did you bring that up and say, you need to help us put an end to this?
08:42We talk, of course, about the...
08:44...about Ukraine and the war in Ukraine...
08:47...with Prime Minister Modi, but...
08:49...as I said in my press conference, I believe that we can count on Prime Minister Modi...
08:54You believe that?
08:55Yes, I believe that we can count on Prime Minister Modi...
08:59...to push for peace through dialogue and diplomacy.
09:04And I just want to finally on this point, Greenland, obviously, last week was a very...
09:09...tense moment for the European Union.
09:10The United States backed up, ultimately.
09:12There were no tariffs.
09:13What's the...
09:14...the lesson that you take away from it?
09:15And do you believe this crisis really is over now?
09:18I hope so.
09:19And was that a lesson, however, when you're firm?
09:24...
09:24...that they will back off?
09:25No, I think the main lesson is...
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10:54What do you hope to achieve?
10:55Because you talk about the retreat that happened last year...
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11:55Thank you so much for joining us.
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