Do More With Reuters
Partner Services

Obama pledges greater U.S. engagement in Asia

Sat Nov 14, 2009 10:48pm IST
 
Email | Print | | Single Page
[-] Text [+]

By Patricia Zengerle and Caren Bohan

TOKYO (Reuters) - U.S. President Barack Obama pledged Saturday to deepen dialogue with China rather than seek to contain the rising power, as he laid out a vision for greater engagement with a vibrant Asia-Pacific region.

Calling himself "America's first Pacific President," Hawaii-born Obama signalled his commitment to the region, but gave no new specifics on how to reinvigorate a U.S. trade agenda many see as stalled.

Obama reaffirmed Washington's decades-old alliance with Japan, its most important ally in the region, strained lately by a dispute over a U.S. military base and questions about the future of the ties as both countries adapt to a rising China.

"But while our commitment to this region begins in Japan, it does not end here," Obama said in a speech to 1,500 people in the Japanese capital, his first stop on a nine-day Asian tour.

"So I want every American to know that we have a stake in the future of this region. This is where we engage in much of our commerce and buy many of our goods.

"And this is where we can export more of our own products and create jobs back home in the process," Obama said.

The U.S. president, who was raised in Hawaii and Indonesia and enjoyed green tea-flavoured ice cream when he visited Japan as a young boy, said the Pacific Rim had shaped his world view.

He welcomed Beijing's growing global role but said its increased economic clout came with growing responsibility.  Continued...

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

GLOBAL RECOVERY

A labourer works on a flyover bridge at a construction site in New Delhi October 14, 2009. REUTERS/Parth Sanyal/Files
Global economy in holding pattern - IMF

The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months.  Full Article 

Photo
A man walks past a bronze statue of a bull outside the Bombay Stock Exchange (BSE) building in Mumbai in this March 25, 2008 file photo. REUTERS/Punit Paranjpe/Files
Bubble trouble?

With India's benchmark stock index, the BSE Sensex, at around 17,000 points, are the Indian equity markets looking at a possible bubble?  Commentary 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article