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

Changing Under Pressure, IS ‘Potent’ as Ever

US intel officials describe Ramadi's fall as concerning, but say it isn't emblematic of larger effort to degrade IS capabilities More

Nigeria Fuel Shortage Shows Fragility of Africa’s Oil Giant

Although it is the largest oil producer in Africa, country has nearly ran out of fuel it needs to power its generators, cars and airplanes over the past week More

Arrested Football Officials Come Mainly From the Americas

US Justice Department alleges defendants participated in 24-year scheme to enrich themselves through corruption of international soccer More

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.
3D Printer Makes Replica of Iconic Sports Cari
|| 0:00:00
...    
🔇
X
George Putic
May 27, 2015 9:31 PM
Cars with parts made by 3D printers are already on the road, but engineers are still learning about this new technology. While testing the possibility of printing an entire car, researchers at the U.S. Department of Energy recently created an electric-powered replica of an iconic sports roadster. VOA’s George Putic has more.
Video

Video 3D Printer Makes Replica of Iconic Sports Car

Cars with parts made by 3D printers are already on the road, but engineers are still learning about this new technology. While testing the possibility of printing an entire car, researchers at the U.S. Department of Energy recently created an electric-powered replica of an iconic sports roadster. VOA’s George Putic has more.
Video

Video US Voters Seek Answers From Presidential Candidates on IS Gains

The growth of the Islamic State militant group in Iraq and Syria comes as the 2016 U.S. presidential campaign kicks off in the Midwest state of Iowa.   As VOA’s Kane Farabaugh reports, voters want to know how the candidates would handle recent militant gains in the Middle East.
Video

Video A Small Oasis on Kabul's Outskirts Provides Relief From Security Tensions

When people in Kabul want to get away from the city and relax, many choose Qargha Lake, a small resort on the outskirts of Kabul. Ayesha Tanzeem visited and talked with people about the precious oasis.
Video

Video Film Festival Looks at Indigenous Peoples, Culture Conflict

A recent Los Angeles film festival highlighted the plight of people caught between two cultures. Mike O'Sullivan has more on the the Garifuna International Film Festival, a Los Angeles forum created by a woman from Central America who wants the world to know more about her culture.
Video

Video Kenyans Lament Losing Sons to al-Shabab

There is agony, fear and lost hope in the Kenyan town of Isiolo, a key target of a new al-Shabab recruitment drive. VOA's Mohammed Yusuf visits Isiolo to speak with families and at least one man who says he was a recruiter.
Video

Video Scientists Say Plankton More Important Than Previously Thought

Tiny ocean creatures called plankton are mostly thought of as food for whales and other large marine animals, but a four-year global study discovered, among other things, that plankton are a major source of oxygen on our planet. VOA’s George Putic reports.
Video

Video US-led Coalition Gives Some Weapons to Iraqi Troops

In a video released Tuesday from the Iraqi Ministry of Defense, Iraqi forces and U.S.-led coalition troops survey a cache of weapons supplied to help Iraq liberate Mosul from Islamic State group. According to a statement provided with the video, the ministry and the U.S.-led coaltion troops have started ''supplying the 16th army division with medium and light weapons in preparation to liberate Mosul and nearby areas from Da'esh (Arabic acronym for Islamic State group).''
Video

Video Amnesty International: 'Overwhelming Evidence' of War Crimes in Ukraine

Human rights group Amnesty International says there is overwhelming evidence of ongoing war crimes in Ukraine, despite a tentative cease-fire with pro-Russian rebels. Researchers interviewed more than 30 prisoners from both sides of the conflict and all but one said they were tortured. Henry Ridgwell reports for VOA from London.
Video

Video Washington Parade Honors Those Killed Serving in US Military

Every year, on the last Monday in the month of May, millions of Americans honor the memories of those killed while serving in the armed forces. Memorial Day is a tradition that dates back to the 19th Century. While many people celebrate the federal holiday with a barbecue and a day off from work, for those who’ve served in the military, it’s a special day to remember those who made the ultimate sacrifice. Arash Arabasadi reports for VOA from Washington.
Video

Video Kenya’s Capital Sees Rise in Shisha Parlors

In Kenya, the smoking of shisha, a type of flavored tobacco, is the latest craze. Patrons are flocking to shisha parlors to smoke and socialize. But the practice can be addictive and harmful, though many dabblers may not realize the dangers, according to a new review. Lenny Ruvaga has more on the story for VOA from Nairobi, Kenya.
Video

Video Rolling Thunder Run Reveals Changed Attitudes Towards Vietnam War

For many US war veterans, the Memorial Day holiday is an opportunity to look back at a divisive conflict in the nation’s history and to remember those who did not make it home.
Video

Video Female American Soldiers: Healing Through Filmmaking

According to the United States Defense Department, there are more than 200-thousand women serving in the U.S. Armed Forces.  Like their male counterparts, females have experiences that can be very traumatic.  VOA's Bernard Shusman tells us about a program that is helping some American women in the military heal through filmmaking.

VOA Blogs

World Currencies

EUR
USD
0.9152
JPY
USD
122.70
GBP
USD
0.6494
CAD
USD
1.2374
INR
USD
63.925

Rates may not be current.