EU/India Summit: participation of Peter Mandelson

Type: Report   Reference: I-055819   Duration: 11:31:05  Lieu:
End production: 29/11/2007   First transmission: 29/11/2007
Peter Mandelson, Member of the EC in charge of Trade, was in New Delhi on 29 November to attend the EU/India Business Summit which focused on the negotiation of a Free Trade Agreement between the two parties. During the inaugural session, Peter Mandelson said that economic growth was not only a key factor for India, but for the whole global economy. Despite differences of opinion between Peter Mandelson and his Indian counterpart, Kamal Nath, Indian Minister for Trade and Industry, both men expressed a keen desire to see the deal move forward and hoped to reach an agreement by the end of 2008.

Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
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TIME DESCRIPTION DURATION
11:27:36 Title 00:00:04
11:27:41 View of the Mosque of New Delhi 00:00:05
11:27:46 Street scenes in New Delhi (2 shots) 00:00:14
11:28:00 View of the India Gate (2 shots) 00:00:10
11:28:10 Arrival of Peter Mandelson, Member of the EC in charge of Trade, at the Summit 00:00:06
11:28:16 Kamal Nath, Indian Minister for Trade and Industry, and Peter Mandelson taking seat at the inaugural session 00:00:05
11:28:21 Cutaway of photographers 00:00:05
11:28:26 Peter Mandelson shaking hands with Kamal Nath and Sunil Bharti Mittal, President of the Confederation of Indian Industry 00:00:05
11:28:31 Cutaway: people attending the session 00:00:05
11:28:36 General view of the session 00:00:05
11:28:41 Peter Mandelson (in ENGLISH) saying that there is also a global rationale for an ambitious FTA similar to the rationale for completing the Doha round itself; spurring Indian economic growth, poverty reduction is of course very good for India; but it would also help take up the slack if, as is widely expected, other parts of the global economy begin to slow 00:00:32
11:29:13 Cutaway 00:00:05
11:29:18 Kamal Nath walking to the podium 00:00:07
11:29:25 Kamal Nath (in ENGLISH) saying that if the EU is willing to draw the clock back to Hong Kong and demand what they were demanding at that time, he is willing to have an agreement, even on NAMA, because their applied rate of tarrifs is much higher; but what they did unilaterally, they pocket; what they do voluntarily, they now say that becomes the starting point; so they need, for the sake of this global uncertainty today, to provide that antidote, that they conclude this round as fast as possible; they should negotiate commerce, not push each other to negotiate sensitivities or subsistence 00:00:42
11:30:07 Cutaway: audience applauding 00:00:04
11:30:11 Peter Mandelson talking with his spokesman 00:00:04
11:30:15 Peter Mandelson (in ENGLISH) saying that if they are really going to make a difference in this agreement, and indeed in any free trade agreement they have to maintain the content, the ambition, tackling the difficult issues and questions that exist for both sides, if they are simply going to brush them under the carpet then they'll just get an agreement on the lowest common denominator which will not bring them the gains, the economic gains, that they want for both sides, and indeed that they want to create in order to make a contribution to global economic growth as well; both Europe and India are major players, major drivers of growth in the global economy; the more they open up to each other, the more they stimulate trade with each other, the greater will be their contribution to growth in the global economy as a whole 00:00:50
11:31:05 Street scene at nightfall 00:00:14
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