Entries in Exports (2)


Obama In Brazil to Begin Five-Day Latin America Tour

JIM WATSON/AFP/Getty Images(BRASILIA, Brazil) -- Air Force One has delivered President Obama to his first ever stop in South America after an overnight flight. 

The Obama family arrived for what will be five days, four cities, three nations and a world away from the crises on other continents. His first stop is Brazil, a power engine of growth rivaling the U.S. in exports and newly found oil reserves. 

President Obama will discuss nuclear power in Chile and jobs and immigration in El Salvador.

Copyright 2011 ABC News Radio


Obama: 'We Can Out-Compete Any Other Nation'

Photo Courtesy - Getty Images(WASHINGTON) -- In his weekly address, President Obama keeps his focus on exports and the economy, saying one of the most important things America can do to save and create jobs is to open up more markets to U.S. goods.

The president supports this idea with mention of the past week's meetings with China's President Hu Jintao.

"We're now exporting more than $100 billion a year to China in goods and services.  And as a result of deals we completed this week, we'll be increasing U.S. exports to China by more than $45 billion, and China's investments in America by several billion dollars," he said.  "Most important, these deals will support some 235,000 American jobs.

Obama also highlighted his visit to the GE plant in Schenectady, N.Y. Friday.  During this trip the president announced that CEO, Jeff Immelt would head up the Administration's new Council on Jobs and Competitiveness.  The purpose of the council will be to "help us find ways to grow our economy by investing in our businesses here at home," the president said in his address.

Finally, President Obama encourages Americans not to fear competing in today's global economy.

"I know we can out-compete any other nation on Earth.  We just have to make sure we're doing everything we can to unlock the productivity of American workers, unleash the ingenuity of American businesses and harness the dynamism of America's economy."

Copyright 2011 ABC News Radio

ABC News Radio