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President Obama on Economic Statecraft

13 June 2012

This video was produced by the U.S. Department of State's Bureau of International Information Programs in June 2012. The speaker is President Obama.

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[PRESIDENT OBAMA:] Hello everybody. In the 21st
century, our nations are
connected like never before.

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In our global economy, our
prosperity is shared.

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That’s why, as president, I’ve
committed the United States

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to a new era of engagement with
the world, including economic
partnerships

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that create jobs and opportunity
for all our citizens.

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It’s part of our larger effort
to renew American leadership.

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And I thank Secretary Clinton,
and all of you,

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for making "economic statecraft"
a pillar of American diplomacy.

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Because just as we have to
harness our economic strengths

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to advance American leadership
in the world,

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we need to harness our foreign
policy to advance our prosperity
here at home.

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With your help, we’re making
progress towards the goal I set
two years ago—

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doubling U.S. exports over five
years so that more people around
the world are buying products

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stamped with those three proud
words, “Made in America.”

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We’re moving ahead with trade
pacts from South Korea to
Colombia to Panama;

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increasing trade with emerging
economies, from Brazil to
Turkey, from South Africa to India;

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and we’re standing up to ensure
that everybody plays by the same
rules,

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so that our companies can
compete on a level playing
field.

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Today, I’m proud to say that our
exports have surged, to record
levels—

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supporting nearly 10 million
American jobs.

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That’s the progress we’ve made;
the momentum we have to sustain.

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And this is a two-way street.

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Even as we keep opening foreign
markets to American goods,

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We want more foreign companies
investing in America.

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So we’re working to make it easier for companies
to “in source” — to set up shop
here in the United States.

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We’re making it easier for
tourists to get visas and visit
America.

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We want the world to
know America is open for
business.

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So thank you.

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In capitals and countries in
every corner of the world,
you’re the people behind this progress.

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You’re the folks who bring our
countries closer together every
day.

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And I’m confident that, working
together, we’ll continue to
forge the partnerships

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that create the jobs, the
opportunity, and the dignity
that our people deserve.