BREAKING NEWS

Obama says wants to double exports over next 5 years

By ASSOCIATED PRESS

NOVEMBER 13, 2010 06:51

Japan – US President Barack Obama appealed to Asian leaders Saturday for greater access to fast-growing markets, proclaiming "the United States is here to stay" and saying its prosperity is tied inextricably to the success of its Pacific trading partners.

"America is leading again in Asia," Obama told a gathering of chief executives at the Asia-Pacific Economic Cooperation forum, stressing anew his goal of doubling US exports over the next five years. "For America, this is a jobs strategy," the president said. "In this region, the United States sees a huge opportunity to increase our exports in some of the fastest-growing markets in the world."

At the same time, Obama said that healthy competition need not cause ruptures in relationships between and among nations.

"There's 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," the president said. "The story of Asia over the last few decades is the story of change so rapid and transformative that it may be without precedent in human history," Obama added.

While recognizing the spectacular economic growth in Asia, Obama said, "We want to get back to doing what America has always been known for: discovering, creating, and building the products that are sold all over the world."

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