News / USA

Obama: Asia-Pacific Region Critical to US Economic Recovery

U.S. President Barack Obama looks over his shoulder was he arrives for the Asia-Pacific Economic Cooperation Summit leaders plenary session in Kapolei, Hawaii on Sunday, Nov. 13, 2011.
U.S. President Barack Obama looks over his shoulder was he arrives for the Asia-Pacific Economic Cooperation Summit leaders plenary session in Kapolei, Hawaii on Sunday, Nov. 13, 2011.

In the Pacific state of Hawaii, U.S. President Barack Obama on Sunday told leaders of the 21 Asia Pacific Economic Cooperation economies that the region will be key to U.S. economic recovery.  

With much of the formal summit activity, including a working lunch, concentrated over a few hours, Mr. Obama underscored the importance of APEC's trade liberalization priorities for the global economy and the United States.

Addressing the opening session, the president said the nearly three billion people in 21 APEC countries are looking to the three-decade-old organization to create opportunities through expanded trade that will boost economic growth and create jobs.

APEC's goals of slashing tariffs and removing trade barriers, Mr. Obama said, are critical for the U.S. economic recovery. "The Asia-Pacific region is absolutely critical to America's economic growth.  We consider it a top priority.  And we consider it a top priority because we are not going to be able to put our folks back to work and grow our economy and expand opportunity, unless the Asia-Pacific region is also successful," he said.

Mr. Obama said the region is key to his objective of doubling U.S. exports, adding that APEC economies need to work together to spur "quicker, sturdy and sustainable" economic growth.

A final APEC statement is expected to point to progress toward creating what Mr. Obama referred to as a "seamless regional economy," with agreements aimed at boosting trade and investment by promoting "green" jobs, innovation, and streamlining and coordinating regulations.

The United States and eight other APEC nations already have announced agreement on "broad outlines" to create a new Trans-Pacific Partnership trade group, or TPP, that Mr. Obama says would be a model for broader open regional trade.

In addition to the United States, other TPP participants include Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam. China has been critical of the grouping, saying it reflects protectionist tendencies in APEC.

U.S. officials say Mr. Obama was expected to hold additional talks on the sidelines of the summit with Chinese President Hu Jintao.  In their main meeting on Saturday, the two men discussed trade and differences over China's currency policies.

The issue of Iran's nuclear program and a recent International Atomic Energy Agency report that provided evidence of secret Iranian weapons development efforts have also been a focus of Mr. Obama's meetings with the leaders of China and Russia.

U.S. officials say China and Russia remain supportive of continuing diplomatic steps aimed at preventing Iran from obtaining a nuclear weapons capability.

Mr. Obama says that he and Russian President Dmitry Medvedev agreed to work to "shape a common response" on Iran against the backdrop of the nuclear report.  U.S. officials say consultations will continue about the next steps to increase pressure on Tehran.

You May Like

At Khmer Rouge Court, Long-Awaited Verdict Approaches

First phase of trial, which is coming to an end, has focused on forced exodus of Phnom Penh in 1975 - and now many are hopeful justice will be served More

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities More

Video Information War Rages Alongside Real One in Ukraine

Downing of Malaysian airliner, allegations of cross-border shelling move information war in war-torn country to a new level 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.
Information War Rages Alongside Real One in Ukrainei
X
Al Pessin
July 31, 2014 8:13 PM
The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video Information War Rages Alongside Real One in Ukraine

The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict in Gaza, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities. Probably the most important destination is the local bakery. VOA’s Scott Bobb reports from Gaza City.
Video

Video US-Funded Program Offers Honduran Children Alternative to Illegal Immigration

President Obama and Central American leaders recently agreed to come up with a plan to address poverty and crime in the region that is fueling the surge of young migrants trying to illegally enter the United States. VOA’s Brian Padden looks at one such program in Honduras - funded in part by the United States - which gives street kids not only food and safety but a chance for a better life without, crossing the border.
Video

Video 'Fab Lab' Igniting Revolution in Kenya

The University of Nairobi’s Science and Technology Park is banking on 3-D prototyping to spark a manufacturing revolution in the country. Lenny Ruvaga has more for from Nairobi's so-called “FabLab” for VOA.
Video

Video Gazans in Shelled School Sought Shelter

Israel's air and ground assault against Hamas-led fighters in Gaza has forced many Palestinians to flee their homes, seeking safety. But safe places are hard to find, as VOA’s Scott Bobb reports from Jabaliya.
Video

Video Rapid Spread of Ebola in West Africa Prompts Global Alert

Across West Africa, health officials are struggling to keep up with what the World Health Organization describes as the worst ebola outbreak on record. The virus has killed hundreds of people this year. U.S. President Barack Obama and other world leaders are watching the developments closely as they weigh what actions, if any, are needed to help contain the disease.
Video

Video Michelle Obama: Young Africans Need to Embrace Women's Rights

U.S. first lady Michelle Obama urged some of Africa's best and brightest to advocate for women's rights in their home countries. As VOA's Pam Dockins explains, Obama spoke to some 500 participants of the Young African Leaders Initiative, a six-week U.S.-based training and development program.
Video

Video Immigrant Influx on Texas Border Heats Up Political Debate

Immigrants from Central America continue to cross the U.S.-Mexico border in south Texas, seeking asylum in the United States, as officials grapple with ways to deal with the problem and provide shelter for thousands of minors among the illegal border crossers. As VOA's Greg Flakus reports from Houston, the issue is complicated by internal U.S. politics and U.S. relations with the troubled nations that immigrants are fleeing.
Video

Video Study: Latino Students Most Segregated in California

Even though legal school segregation ended in the United States 60 years ago, one study finds segregation still occurs in the U.S. based on income and race. The University of California Los Angeles Civil Rights Project finds that students in California are more segregated by race than ever before, especially Latinos. Elizabeth Lee reports for VOA from Los Angeles.

AppleAndroid