US President Obama interviewed at the APEC summit

• published: 30 Jul 2015
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1. Wide of US President Barack Obama on stage at APEC (Asia-Pacific Economic Cooperation) CEO Summit parallel meeting 2. SOUNDBITE: (English) Barack Obama, US President: "I think that we're not going to see massive growth out of Europe until the problem's resolved, and that will have a dampening effect on the overall global economy. But, if we can at least contain the crisis, then one of the great opportunities we have is to see the Asia-Pacific region as an extraordinary engine for growth." 3. Cutaway of Obama and interviewer on stage 4. SOUNDBITE: (English) Barack Obama, US President: "There is no reason why it inevitably leads to sharp conflict. I think there is a win-win opportunity there, but we've got to keep on working diligently to get there and, in the meantime, where we're seeing rules being broken, we'll speak out, and in some cases, we will take action." 5. Wide of APEC leaders attending Trans-Pacific Partnership meeting posing for photographers 6. Mid of Obama standing next to Brunei Sultan Hassanal Bolkiah (left) and Chilean President Sebastian Pinera (right) 7. Mid of (left to right) Australian Prime Minister Julia Gillard, Singapore Prime Minister Lee Hsien Loong, and Vietnamese President Truong Tan Sang 8. SOUNDBITE: (English) Barack Obama, US President: "For Japan, for example, and the agricultural sector - that's going to be a tough issue for them, but we're not going to delay, our goal is to try and get something done by next year, and our hope is that, if we can model this kind of outstanding trade agreement, then potentially you see a lot of others joining in." 9. Wide of Obama and interviewer on stage STORYLINE: Placing high hopes on the economic power of Pacific rim nations, US President Barack Obama on Saturday declared the Asia-Pacific region the heart of explosive growth for years to come. Obama was in Hawaii courting Asian powers as he sought to improve the beleaguered American jobs outlook. His move comes as his administration has poured attention and capital into deepening relations with Asia as a source of trade, jobs and security ties. For the U.S., Obama's outreach also reflects worries about Europe's economic troubles and the need for the United States to tap the enormous base of potential consumers in the emerging nations of Asia. "I think that we're not going to see massive growth out of Europe until the problem's resolved (eurozone crisis), and that will have a dampening effect on the overall global economy. But, if we can at least contain the crisis, then one of the great opportunities we have is to see the Asia-Pacific region as an extraordinary engine for growth," Obama said. Underscoring the region's importance to the U.S., Obama on Saturday, as expected, announced the broad outlines of an agreement to create a Trans-Pacific Partnership trade zone, encompassing the United States and eight other nations. The eight countries joining would be Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam. That pact and its potential payoff for US jobs and business will allow Obama to cast his far-flung travels as crucial to American voters with an election year approaching and concerns of domestic voters centred on the dragging economy. Obama was also due to meet with US business leaders on Saturday to highlight the importance for interests back home of the Asia-Pacific region. Japan's interest in also joining the Trans-Pacific Partnership will be a central topic for Obama and Prime Minister Yoshihiko Noda, and the president spoke of the credibility that Japan would contribute should it join the alliance. On the sidelines of an Asia-Pacific economic summit, Obama was to meet with Chinese President Hu Jintao and Russian President Dmitry Medvedev. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/eaec098c28c71f3422a869b0d4295655 Find out more about AP Archive: http://www.aparchive.com/HowWeWork