WEBVTT 00:00:00.040 --> 00:00:02.799 yesterday. Uh, Mr Dombrovskis, you met with 00:00:02.810 --> 00:00:05.780 Chairman Powell, You met with Secretary Yellen today, 00:00:05.780 --> 00:00:10.330 you're meeting with uh Gina Raimondo and also Trade Secretary 00:00:10.339 --> 00:00:15.769 Trade Representative Catherine tie the this new administration and this 00:00:15.769 --> 00:00:18.309 meeting you're going to have on Wednesday regarding technology, 00:00:18.309 --> 00:00:20.399 on trade. It was really built on both sides 00:00:20.399 --> 00:00:24.870 of the atlantic as a new beginning after some thorny 00:00:24.870 --> 00:00:28.000 trade policies with the former administration. But do you 00:00:28.000 --> 00:00:30.780 feel like you are getting what you need out of 00:00:30.780 --> 00:00:34.939 this biden administration, is it quote back? Good 00:00:34.939 --> 00:00:37.679 morning. Well, indeed, we are now having 00:00:37.689 --> 00:00:41.859 a very intensive engagement with a biden administration and working 00:00:41.869 --> 00:00:45.939 closely in many different areas and one can say that 00:00:45.950 --> 00:00:49.859 indeed America is back and we saw it in many 00:00:49.859 --> 00:00:55.079 important initiatives of the biden administration rejoining the paris agreement 00:00:55.090 --> 00:00:59.679 helping to reach international deal on business taxation on the 00:00:59.679 --> 00:01:03.540 O E C D framework uh, grounding Airbus Boeing 00:01:03.540 --> 00:01:07.290 dispute. Uh, so just to give a few 00:01:07.299 --> 00:01:10.790 examples, of course, there are still remaining returns 00:01:10.790 --> 00:01:12.579 left by trump era which we need to resolve in 00:01:12.579 --> 00:01:15.500 the trade area. And I'm also very much looking 00:01:15.500 --> 00:01:19.230 forward of launchings Trade and Technology Council tomorrow where we 00:01:19.230 --> 00:01:23.079 are concentrating on a forward looking agenda how we can 00:01:23.090 --> 00:01:26.480 cooperate in those areas. But at one point, 00:01:26.489 --> 00:01:29.870 the french even want to postpone tomorrow's meeting because of 00:01:29.870 --> 00:01:33.799 this submarine spat and for the most part, the 00:01:33.799 --> 00:01:36.489 EU was also vexed with the United States over this 00:01:36.500 --> 00:01:38.950 . It was just your french defense contract. Why 00:01:38.950 --> 00:01:42.450 was the EU also so upset. Well, indeed 00:01:42.450 --> 00:01:47.129 , there was disappointment in the EU concerning how this 00:01:47.140 --> 00:01:53.340 Aucas situation was handled because EU was neither consulted nor 00:01:53.349 --> 00:01:57.349 even informed about those developments. And as you rightly 00:01:57.349 --> 00:02:00.260 noted it then, uh and the top with the 00:02:00.260 --> 00:02:02.069 cancellation of a large contract for a french company. 00:02:02.079 --> 00:02:06.790 So there were some repercussions in the EU and we 00:02:06.799 --> 00:02:12.319 were in intensive uh consultations with biden administration to in 00:02:12.319 --> 00:02:15.650 a sense straighten this situation. But I would say 00:02:15.650 --> 00:02:19.430 it's especially in this kind of difficult situations. It's 00:02:19.430 --> 00:02:23.490 important to keep communication channels open and it's important that 00:02:23.490 --> 00:02:28.469 we are talking as friends and allies also in situations 00:02:28.469 --> 00:02:30.330 where we disagree, there is still the trump error 00:02:30.330 --> 00:02:36.060 tariffs on steel and aluminum. And are you planning 00:02:36.060 --> 00:02:38.280 to get a deal done before this deadline in december 00:02:38.280 --> 00:02:42.110 ? And would a quota system be acceptable for the 00:02:42.110 --> 00:02:45.370 european union? Uh Well, indeed, we are 00:02:45.379 --> 00:02:49.969 now working very intensively to resolve this trump still an 00:02:49.979 --> 00:02:53.210 aluminum dispute and uh Indeed it has to be resolved 00:02:53.219 --> 00:02:59.340 by one December. And actually allowing for internal uh 00:02:59.349 --> 00:03:01.280 decision making procedures in the U. We really need 00:03:01.280 --> 00:03:06.729 agreement already by the beginning of November. So later 00:03:06.729 --> 00:03:09.389 today I'll be meeting secretary Raimondo ambassador to and will 00:03:09.389 --> 00:03:13.849 be speaking among other things. Also very much on 00:03:13.849 --> 00:03:19.129 this issue because time is in a sense running out 00:03:19.139 --> 00:03:22.740 . So what are important parameters for the agreement from 00:03:22.750 --> 00:03:27.939 our side is first that this agreement respects the historical 00:03:27.939 --> 00:03:32.199 trade flows between EU and us before trump administration introduced 00:03:32.199 --> 00:03:37.590 those tariffs and second that the solution is compatible with 00:03:37.590 --> 00:03:39.069 WTO rules. And if you do not get an 00:03:39.069 --> 00:03:45.879 agreement, you will have your rebuttal tariffs automatically in 00:03:45.879 --> 00:03:47.759 place in december. Or will you try to push 00:03:47.759 --> 00:03:51.129 those and put those down the timeline? Well, 00:03:51.129 --> 00:03:54.669 actually, we already postponed those tariffs for half a 00:03:54.669 --> 00:03:59.389 year after our first consultations and now we are working 00:03:59.400 --> 00:04:02.469 exactly with this timeline in mind because those tariffs are 00:04:02.479 --> 00:04:05.500 kicking in automatically. So, but this was a 00:04:05.500 --> 00:04:08.879 timeline. We knew, in a sense from the 00:04:08.879 --> 00:04:12.300 very beginning and both from EU side and US side 00:04:12.310 --> 00:04:14.550 , we are working with this timeline. So I'm 00:04:14.550 --> 00:04:16.250 hopeful that we'll be able to resolve this dispute.