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Obama: Asia-Pacific "absolutely critical" to U.S. growth

Sunday, November 13, 2011 - 01:46

Nov. 13 - U.S. President Obama opened a plenary session at APEC saying the vibrant Asia-Pacific region was ''absolutely critical'' to U.S. growth. Rough Cut (no reporter narration)

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ROUGH CUT (NO REPORTER NARRATION) STORY: President Barack Obama greeted APEC leaders and opened a plenary session on Sunday. Obama said the vibrant Asia-Pacific region was "absolutely critical" to U.S. prosperity but growth needed to be balanced and sustainable. "We consider it a top priority. And we consider it a top priority because we're not going to be able to put our folks back to work and grow our economy and expand opportunity unless the Asia-Pacific region is also successful," Obama said. Among those seated at the table were Chinese President Hu Jintao, Russian President Dmitry Medvedev, Japanese Prime Minister Yoshihiko Noda and IMF Managing Director Christine Lagarde. At the start of a meeting with Asia Pacific leaders, Obama said their talks would focus on ways to foster green growth, to help small- and medium-sized companies export more goods and to promote market-based innovation policies.

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Obama: Asia-Pacific "absolutely critical" to U.S. growth

Sunday, November 13, 2011 - 01:46