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
TEXT SIZE - +

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

Abuja Blast Impacts Lives, Livelihoods

Officials say they are looking at ways to help bombing victims and boosting security More

Cambodia Technology Adviser Criticizes Cybercrime Draft Law

Phu Leewood says current criminal code can be used to prosecute offenders and that there is no need for a separate law More

Photogallery A Year Later, Boston Remembers Deadly Marathon Bombings

City pauses to honor victims and salute emergency workers who came to their assistance in frantic moments after blasts 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.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid