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Obama Calls For More Trade with India
Date: 11/6/2010 7:41:28 AM Sender: VOA
Obama Calls For More Trade with India

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President Barack Obama speaks as Mahindra & Mahindra Ltd. Managing Director Anand Mahindra listens during Obama＇s meeting with entrepreneurs in Mumbai, 06 Nov 2010

U.S. President Barack Obama has announced plans to lower trade barriers with India in a push to boost business ties with the rising economic power.

President Obama outlined measures to ease export restrictions to India in a speech Saturday to a group of Indian and U.S. business leaders in India＇s financial center, Mumbai.

Mr. Obama also highlighted new business deals with India that he says will help create 54,000 jobs in the United States.

India is the first stop on the U.S. President＇s 10-day tour of Asia.

The president and first lady are staying at the Taj Mahal Hotel in Mumbai, a target of the November 2008 terrorist attacks that killed 166 people.  In a speech earlier Saturday he called the hotel a "symbol of the strength and resilience of the Indian people."

He also said he looks forward to further strengthening counterterrorism cooperation with India when he meets with Prime Minister Manmohan Singh in New Delhi.

Indian commentators were quick to note that the U.S. president＇s remarks about the Mumbai attacks did not mention Pakistan, which was the home base of the 10 attackers.  India blames the Pakistan-based militant group Lashkar-e-Taiba for the assault.

Mr. Obama＇s stay in India will be the longest time he has spent in a foreign country since taking office.

Mr. Obama will next visit Indonesia, where he lived during part of his childhood, then travel to Seoul for the summit of leaders of the world＇s 20 biggest economies.

The president is expected to raise the issue of China＇s tight control of its currency, which many lawmakers and business leaders say makes Chinese goods cheaper to sell on world markets.  Mr. Obama is also hoping to announce progress on the long-stalled U.S.-South Korea free trade agreement.  

President Obama will also visit South Korea and Japan.  His trip comes days after his Democratic Party suffered a heavy defeat in midterm congressional elections, losing control of the House of Representatives and several seats in the Senate.

Some information for this report was provided by AP and Reuters.

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