News / USA

Obama Arrives for APEC Summit

U.S. President Barack Obama is greeted by Japanese Foreign Minister Seiji Maehara as he arrives at Haneda Airport in Tokyo, 12 Nov 2010
U.S. President Barack Obama is greeted by Japanese Foreign Minister Seiji Maehara as he arrives at Haneda Airport in Tokyo, 12 Nov 2010

President Barack Obama wraps up his 10-day Asia tour with a stop in Japan. The president has arrived in Tokyo but he will be spending the next few days in the nearby city of Yokohama, where he meets with leaders from countries in the Asia Pacific Economic Cooperation forum.

President Obama arrived for the APEC summit Friday evening, following two days of economic talks in Seoul.

The president failed to secure a free trade agreement with South Korea before the Group of 20 meetings, which ended Friday.

And he made little headway in his push to get China to allow its currency to appreciate.

Despite the setbacks, Mr. Obama did not call the G20 summit a disappointment. And he praised the leaders for following through on earlier commitments to protect the global economy.

"The work that we do here is not always going to seem dramatic," he said. "It is not always going to be immediately world-changing. But step to step, what we're doing is building stronger international mechanisms and institutions that will help stabilize the world economy, ensure economic growth and reduce some tensions."

The U.S. recently has been criticized because of international fears actions that Federal Reserve actions to stimulate the economy will weaken the dollar.

The president's focus now shifts to APEC, where he will push for a regional free trade agreement. Washington is leading the effort for a Trans-Pacific Partnership that would cut import tariffs for nine countries, including Australia and Japan.

The U.S. hopes the TPP leads to the larger goal of free trade among all 21 APEC countries.

The president aims to double U.S. exports over the next five years, but he will need some help from the host country to do that.

While Japan has agreed to preliminary TPP talks, it faces fierce opposition from farmers who worry the pact would open the country to a flood of cheap imports. So far, Prime Minister Naoto Kan has refused to endorse the pact altogether for fear of political backlash at home.

Mr. Obama is also expected to tackle global economic imbalances with fellow leaders.

He could not convince the G20 leaders to commit to numerical targets on trade imbalances - but they did commit to establishing indicators to signal when trade imbalances are becoming too large.

Mr. Obama is hoping for more success in Yokohama - and there is added incentive for Washington to advance trade agreements with the APEC countries this year.

The U.S. hosts next year's APEC summit in Hawaii.

You May Like

Video Miami Cubans Divided on New US Policy

While older, more conservative Cuban Americans have promoted anti-Castro political movement for years, younger generations say economically, it is time for change More

2014 Sees Dramatic Uptick in Boko Haram Abductions

Militants suspected in latest mass kidnapping of over 100 people in Gumsuri, Nigeria on Sunday More

Video Cuba Deal Is Major Victory for Pope

Role of Francis hailed throughout US, Latin America - though some Cuban-American Catholics have mixed feelings More

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

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Sudan School Becomes Target of Aerial Attacksi
X
December 19, 2014 12:45 AM
The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video Sudan School Becomes Target of Aerial Attacks

The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. VOA reporter Ayaz Gul visited the devastated school and attended the funeral of the principal who courageously tried to save her students from the deadly attack.
Video

Video Nigerians Fleeing Boko Haram Languish in Camp Near Capital

In its five-year effort to impose Islamic law in northeastern Nigeria, the Boko Haram extremist group has killed thousands of people and forced hundreds of thousands to flee. Some of those who ran for their lives now live in squalor on the edges of the capital, Abuja. Chris Stein reports for VOA.
Video

Video Putin Says Russian Economy Will Emerge Stronger

Russian President Vladimir Putin has said his country's sinking economy will not only recover but also become stronger, despite falling oil prices and Western sanctions over Ukraine. VOA's Daniel Schearf reports.
Video

Video Detained Turkish Journalists Follow Teachings of US-Based Preacher

The Turkish government’s jailing of critical journalists has sparked international condemnation and is being seen as an effort to undermine the followers of an ailing Turkish preacher based in the United States. VOA religion reporter Jerome Socolovsky has more.
Video

Video ‘Anti-Islamization’ Marches Increase Tensions In Germany

Anti-immigrant rallies in Germany have been building in recent weeks, peaking Monday night in the city of Dresden where tens of thousands of people turned out to demonstrate against what they call the ‘Islamization’ of the West. Germany has offered asylum to more Syrian refugees than any other country, and this appears to have set off the protests. Henry Ridgwell reports from London.
Video

Video Aceh Rebuilt Decade After Tsunami, But Scars Remain

On December 26, 2004 there was an earthquake in the Indian Ocean so powerful it caused the Earth’s axis to wobble a few centimeters. Onshore on the island of Sumatra, the resulting tsunami was devastating. A decade later, VOA Correspondent Steve Herman reports from Banda Aceh, Indonesia, where although there is little remaining evidence of the physical devastation, the psychological scars among survivors remain.
Video

Video Refugees Living in Kenya Long for Peace in the Home Countries

Kenya is host to numerous refugees seeking safe haven from conflict. Immigrants from Somalia face challenges in their new lives in Kenya. Ahead of International Migrants Day (December 18) Lenny Ruvaga has more for VOA News from the Kenyan capital.

All About America

AppleAndroid