News / USA

Obama Presses US Trade Agenda at APEC

President Barack Obama at the Leaders Retreat at the APEC summit in Yokohama, Japan, Saturday, Nov. 13, 2010.
President Barack Obama at the Leaders Retreat at the APEC summit in Yokohama, Japan, Saturday, Nov. 13, 2010.

President Barack Obama is pressing the U.S. trade agenda as he meets with other leaders in the Asia Pacific Economic Cooperation (APEC) forum in Yokohama, Japan. Mr. Obama told business executives that nations should work together to share in the prosperity that comes from expanded trade.

Calling the security and prosperity of America and Asia inextricably linked, the president said America is leading again in the region and seeking to expand trade and forge new free trade agreements.

Noting that seven of the top U.S trading partners are members of APEC, with 60 percent of U.S. exports going to the region, Mr. Obama said Asia's economy is expected to grow by 50 percent within five years.

This growth will be produce competition, he said, but competition that can benefit the people of the U.S. and Asia. "But what I've also said throughout this trip is that in the 21st century, theres no need to view trade, commerce, or economic growth as zero sum games, where one country always has to prosper at the expense of another.  If we work together, and act together, strengthening our economic ties can be a win-win for all of our nations," he said.

Mr. Obama spoke on the first day of the APEC summit, an informal pan-Pacific group that brings together leaders from countries as diverse as China and Peru.

Formed in 1989, APEC was designed to help bring down trade barriers.  At a summit in Bogor, Indonesia in 1994 it set goals of free and open trade for industrialized nations by this year, and for developing countries by 2020.

Speaking in Washington before the summit, U.S. Deputy Secretary of State James Steinberg called it an opportunity for members to assess the progress they have made. "It's a chance to look back on how far we have come since the visionary statements coming out of the Bogor (Indonesia) summit 16 years ago, and to see what progress we have made toward achieving the Bogor goals of free trade in the region as well as cataloging the challenges that remain and giving us a blueprint and agenda for the free trade area of the Asia and Pacific," he said.

With the United States assuming the rotating chairmanship of APEC next year, the U.S. has been pushing a regional trade grouping called the Trans-Pacific Partnership that would slash import tariffs for nine countries.

President Obama also had bilateral talks with Japan's Prime Minister Naoto Kan, saying they focused on the need to expand trade and open markets, nuclear nonproliferation, Afghanistan, and the strength of the U.S. - Japan alliance.

Mr. Obama said the two countries will be working to strengthen that alliance between now and a scheduled visit by Prime Minister Kan in the first half of next year. "We have instructed our governments to intensify their efforts to deepen and modernize our alliance and I hope that by the time prime minister arrives in Washington we will be able to lay out a joint vision that can guide our partnership for decades to come," he said.

President Obama also had bilateral talks Saturday with Australian Prime Minister Julia Gillard.

You May Like

India PM Modi's Party Distances Itself From Religious Conversions

BJP under fire for being slow to rein in hardline affiliate groups allegedly trying to promote Hindu-dominant agenda by luring Muslims and Christians to convert More

Anti-Whaling Group Found in Contempt of Court

Radical environmentalists who threw acid and smoke bombs at Japanese whalers in the waters off Antarctica continue their campaign to disrupt Japan's annual whale hunt More

UN's Ban Urges End to Discrimination Against Ebola Workers

Ban was speaking in Guinea on the second day of a whistle-stop tour aimed at thanking healthcare workers of the countries at the heart of the epidemic 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.
US Decision on Cuba Underscores Divisions Among Miami Cubansi
X
Sharon Behn
December 19, 2014 9:34 PM
For decades, older, more conservative Cubans have been gathering at Café Versailles on the corner of Calle Ocho to eat Cuban food and talk politics. After hearing of President Barack Obama’s decision, a number of them gathered in front of the café with posters to protest. VOA's Sharon Behn reports on the situation.
Video

Video US Decision on Cuba Underscores Divisions Among Miami Cubans

For decades, older, more conservative Cubans have been gathering at Café Versailles on the corner of Calle Ocho to eat Cuban food and talk politics. After hearing of President Barack Obama’s decision, a number of them gathered in front of the café with posters to protest. VOA's Sharon Behn reports on the situation.
Video

Video Three Cities Bid for Future Obama Presidential Library

President Barack Obama still has two years left in his term in office, but the effort to establish his post-presidential library is already underway. The bid for the Obama Presidential Library is down to four locations in three states -- New York, Hawaii, and Illinois. As VOA’s Kane Farabaugh reports, each of them played an important part in the president’s life before he reached the White House.
Video

Video Cuba Deal is Major Victory for Pope’s Diplomatic Initiatives

Pope Francis played a key role in brokering the US-Cuba deal that was made public earlier this week. It is the most stunning success so far in a series of peacemaking efforts by the pontiff. VOA religion reporter Jerome Socolovsky has more.
Video

Video Fears of More Political Gridlock in 2015

2014 proved to be a difficult year politically for President Barack Obama and a very good year for the U.S. Republican Party. Republican gains in the November midterm elections gave them control of the Senate and House of Representatives for the next two years -- setting the stage for more confrontation and gridlock in the final two years of the Obama presidency. VOA National Correspondent Jim Malone has a preview from Washington.
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 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.

All About America

AppleAndroid