News / Economy

    Obama Praises Economic Progress, Poverty Reduction in Peru

    President Barack Obama reaches to shakes hands with with Peru's President Ollanta Humala in the Oval Office of the White House in Washington, June 11, 2013.President Barack Obama reaches to shakes hands with with Peru's President Ollanta Humala in the Oval Office of the White House in Washington, June 11, 2013.
    x
    President Barack Obama reaches to shakes hands with with Peru's President Ollanta Humala in the Oval Office of the White House in Washington, June 11, 2013.
    President Barack Obama reaches to shakes hands with with Peru's President Ollanta Humala in the Oval Office of the White House in Washington, June 11, 2013.
    President Barack Obama and Peru's President Ollanta Humala have discussed efforts to complete negotiations for a new U.S.-led trans-Pacific trade agreement, counter-narcotics cooperation, and other issues during talks in Washington. It was the president's second meeting in a week with a South American leader.

    Peru and the United States are among 11 nations in negotiations to form the Trans-Pacific Partnership [TPP], a U.S.-led free-trade organization that Obama has made a key foreign policy and economic priority.

    Obama has used his own trips, including a recent stop in Mexico, to add momentum to the negotiations that also involve Canada, Mexico, Chile, Vietnam, Malaysia, Singapore, Brunei, Australia and New Zealand.

    In remarks after their talks, Obama said the kind of global marketplace the TPP will create will benefit both countries.

    "Growth is also dependent on our continued expansion in a global marketplace and that is why I am very glad Peru and the United States are working so closely together in finalizing the Trans Pacific Partnership which offers the possibility of opening up markets throughout the Asia-Pacific region with high standards, and protections for labor and the environment," said Obama.

    The talks also covered what Obama called a "wide range of security issues," including fighting trans-national drug networks.

    Obama congratulated Humala on sustaining strong and inclusive economic growth in his country, saying Peru has been able to reduce poverty and inequality.

    Poverty in Peru has dropped significantly in recent years, but remains at just under 30 percent according to World Bank figures, higher in extreme rural communities.

    Humala spoke about the "strong bonds" between the United States and Peru, noting joint efforts against the "scourge of drugs."

    In translated remarks, he also mentioned political and social progress in his country.

    "We have agreed on the importance of building democracy, on respecting human rights, on improving economic openness, on working on trade because this allows us to grow our economies and to develop further," said Humala.

    The White House talks marked the latest stage of an Obama administration outreach to Latin America that has intensified in recent weeks.

    Chilean President Sebastian Pinera met with Obama last week for discussions that also focused on trans-Pacific trade. Vice President Biden visited Colombia, Brazil, and Trinidad and Tobago in May.

    Obama wished Peru's football team luck in its game Tuesday with Colombia in 2014 World Cup qualifying competition. Humala extended an invitation for Obama to visit Peru.

    You May Like

    Escalation of Media Crackdown in Turkey Heightens Concerns

    Critics see 'a new dark age' as arrests of journalists, closures of media outlets by Erdogan government mount

    Russia Boasts of Troop Buildup on Flank, Draws Flak

    Russian military moves counter to efforts to de-escalate tensions, State Department says

    What Take-out Food Reveals About American History

    From fast-food restaurants to pizza delivery, here's what the history of take-out food tells us about changes in American society

    This forum has been closed.
    Comment Sorting
    Comments
         
    by: Peruvian from: Queens, NY
    June 17, 2013 10:39 PM
    Poverty is still rampant in Peru. The only group who is making more money is the Peruvian White Elite and the national and foreign inverstors, most working people have not enough to support their families. Farm workers in the countryside survive the way they have done for centuries: without any help or support from the government.

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Immigrant Delegate Marvels at Democratic Processi
    X
    Katherine Gypson
    July 27, 2016 6:21 PM
    It’s been a bitter and divisive election season – but first time Indian-American delegate Dr. Shashi Gupta headed to the Democratic National Convention with a sense of hope. VOA’s Katherine Gypson followed this immigrant with the love of U.S. politics all the way to Philadelphia.
    Video

    Video Immigrant Delegate Marvels at Democratic Process

    It’s been a bitter and divisive election season – but first time Indian-American delegate Dr. Shashi Gupta headed to the Democratic National Convention with a sense of hope. VOA’s Katherine Gypson followed this immigrant with the love of U.S. politics all the way to Philadelphia.
    Video

    Video A Life of Fighting Back: Hillary Clinton Shatters Glass Ceiling

    Hillary Clinton made history Thursday, overcoming personal and political setbacks to become the first woman to win the presidential nomination of a major U.S. political party. If she wins in November, she will go from “first lady” to U.S. Senator from New York, to Secretary of State, to “Madam President.” Polls show Clinton is both beloved and despised. White House Correspondent Cindy Saine takes a look at the life of the woman both supporters and detractors agree is a fighter for the ages.
    Video

    Video Dutch Entrepreneurs Turn Rainwater Into Beer

    June has been recorded as one of the wettest months in more than a century in many parts of Europe. To a group of entrepreneurs in Amsterdam the rain came as a blessing, as they used the extra water to brew beer. Serginho Roosblad has more to the story.
    Video

    Video First Time Delegate’s First Day Frustrations

    With thousands of people filling the streets of Philadelphia, Pennsylvania for the 2016 Democratic National Convention, VOA’s Kane Farabaugh narrowed in on one delegate as she made her first trip to a national party convention. It was a day that was anything but routine for this United States military veteran.
    Video

    Video Commerce Thrives on US-Mexico Border

    At the Democratic Convention in Philadelphia this week, the party’s presumptive presidential nominee, Hillary Clinton, is expected to attack proposals made by her opponent, Republican presidential nominee Donald Trump, to build a wall along the U.S.-Mexico border. Last Friday, President Barack Obama hosted his Mexican counterpart, President Enrique Peña Nieto, to underscore the good relations between the two countries. VOA’s Greg Flakus reports from Tucson.
    Video

    Video Film Helps Save Ethiopian Children Thought to be Cursed

    'Omo Child' looks at effort of African man to stop killings of ‘mingi’ children
    Video

    Video London’s Financial Crown at Risk as Rivals Eye Brexit Opportunities

    By most measures, London rivals New York as the only true global financial center. But Britain’s vote to leave the European Union – so-called ‘Brexit’ – means the city could lose its right to sell services tariff-free across the bloc, risking its position as Europe’s financial headquarters. Already some banks have said they may shift operations to the mainland. Henry Ridgwell reports from London.
    Video

    Video Recycling Lifeline for Lebanon’s Last Glassblowers

    In a small Lebanese coastal town, one family is preserving a craft that stretches back millennia. The art of glass blowing was developed by Phoenicians in the region, and the Khalifehs say they are the only ones keeping the skill alive in Lebanon. But despite teaming up with an eco-entrepreneur and receiving an unexpected boost from the country’s recent trash crisis the future remains uncertain. John Owens reports from Sarafand.
    Video

    Video Migrants Continue to Risk Lives Crossing US Border from Mexico

    In his speech Thursday before the Republican National Convention, the party’s presidential candidate, Donald Trump, reiterated his proposal to build a wall along the U.S.-Mexico border if elected. Polls show a large percentage of Americans support better control of the nation's southwestern border, but as VOA’s Greg Flakus reports from the border town of Nogales in the Mexican state of Sonora, the situation faced by people trying to cross the border is already daunting.
    Video

    Video In State of Emergency, Turkey’s Erdogan Focuses on Spiritual Movement

    The state of emergency that Turkish President Recep Tayyip Erdogan has declared is giving him even more power to expand a purge that has seen an estimated 60,000 people either arrested or suspended from their jobs. VOA Europe correspondent Luis Ramirez reports from Istanbul.
    Video

    Video Calm the Waters: US Doubles Down Diplomatic Efforts in ASEAN Meetings

    The United States is redoubling diplomatic efforts and looking to upcoming regional meetings to calm the waters after an international tribunal invalidated the legal basis of Beijing's extensive claims in the South China Sea. VOA State Department correspondent Nike Ching has the story.
    Video

    Video Scientists in Poland Race to Save Honeybees

    Honeybees are in danger worldwide. Causes of what's known as colony collapse disorder range from pesticides and loss of habitat to infections. But scientists in Poland say they are on track to finding a cure for one of the diseases. VOA’s George Putic reports.

    Special Report

    Adrift The Invisible African Diaspora

    World Currencies

    EUR
    USD
    0.9098
    JPY
    USD
    105.75
    GBP
    USD
    0.7631
    CAD
    USD
    1.3189
    INR
    USD
    67.209

    Rates may not be current.