Obama begins Asia trip with India trade deals
Source: Agencies |
November 7, 2010, Sunday
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Print Edition
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UNITED States President Barack Obama announced a host of new trade deals with India supporting tens of thousands of US jobs yesterday as he began a 10-day trip through Asia on a determinedly domestic note.
Intent on demonstrating his attention to the sluggish US economy even while overseas, Obama also told a meeting of US and Indian executives that the US would relax some export regulations that have complicated trade between America and this fast-growing country of 1.2 billion people.
"As we look to India today, the United States sees the opportunity to sell our exports in one of the fastest growing markets in the world. For America, this is a jobs strategy," the president said in a speech to the US-India Business Council.
Obama said it should be a "win-win" relationship with India, but in a nod to US sensibilities he also acknowledged concerns in the US about outsourcing.
"There still exists a caricature of India as a land of call centers," the president said.
Intent on demonstrating his attention to the sluggish US economy even while overseas, Obama also told a meeting of US and Indian executives that the US would relax some export regulations that have complicated trade between America and this fast-growing country of 1.2 billion people.
"As we look to India today, the United States sees the opportunity to sell our exports in one of the fastest growing markets in the world. For America, this is a jobs strategy," the president said in a speech to the US-India Business Council.
Obama said it should be a "win-win" relationship with India, but in a nod to US sensibilities he also acknowledged concerns in the US about outsourcing.
"There still exists a caricature of India as a land of call centers," the president said.
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