News

Obama Touts Asia Trade for US Economic Recovery

In his weekly radio and Internet address, Mr. Obama stressed that the US needs to place a greater emphasis on exports in order for the economy to grow.

President Obama (file photo)
President Obama (file photo)
TEXT SIZE - +

U.S. President Barack Obama says trade with Asia is crucial to U.S. economic recovery.

In his weekly radio and Internet address, Mr. Obama stressed that the U.S. needs to place a greater emphasis on exports in order for the economy to grow.

The address, published in advance on the White House Web site, was recorded in South Korea during Mr. Obama's first presidential trip to Asia.

He said Asia does the most trade with the U.S. and that the U.S. could gain economically from intensifying the trade relationship even further, saying if the U.S. could increase exports there by 5 percent, it could lead to hundreds of thousands of new jobs.

And he recapped diplomatic moves from his tour, including a joint message with Russia and China to Iran on North Korea on their nuclear programs and a set of clean energy agreements with China.

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Feature Story

FILE - President Barack Obama waves as he boards Air Force One at Andrews Air Force Base in Maryland en route to Southeast Asia, November 17, 2012.

Video Obama to Reassure Asian Allies

China is not on the itinerary, but with its efforts to control parts of the East and South China Sea, Beijing is on the minds of Obama and the allies he is visiting More