The One Global Ne­ces­sity and Amer­i­can Lead­er­ship

Diplomat East Africa - - Table of Contents -

It is won­der­ful to be back in China, and I’m grate­ful for the Chi­nese peo­ple’s ex­tra­or­di­nary hos­pi­tal­ity. This is my sixth trip to Asia as Pres­i­dent, and my sec­ond this year alone. And that’s be­cause, as I’ve said on each of my vis­its, Amer­ica is a thor­oughly Pa­cific na­tion. We’ve al­ways had a his­tory with Asia. And our fu­ture -- our se­cu­rity and our pros­per­ity -- is in­ex­tri­ca­bly in­ter­twined with Asia. I know the business lead­ers in attendance to­day agree.

I’ve now had the priv­i­lege to ad­dress the APEC CEO sum­mit in Sin­ga­pore, in Yokohama, and in my orig­i­nal home­town of Honolulu, and now in Beijing. And I think it’s safe to say that few global fo­rums are watched more closely by the business com­mu­nity. There’s a good rea­son for that. Taken to­gether, APEC economies ac­count for about 40 per cent of the world’s pop­u­la­tion, and nearly 60 per cent of its GDP. That means we’re home to nearly three bil­lion cus­tomers, and three-fifths of the global econ­omy.

And over the next five years, nearly half of all eco­nomic growth out­side the United States is pro­jected to come from right here, in Asia. That makes this re­gion an in­cred­i­ble op­por­tu­nity for cre­at­ing jobs and eco­nomic growth in the United States, and any se­ri­ous leader in Amer­ica, whether in pol­i­tics or in com­merce, recog­nises that fact.

The last time I ad­dressed this CEO sum­mit was three years ago. To­day, I’ve come back at a mo­ment when, around the world, the United States is lead­ing from a po­si­tion of strength. This year, of course, has seen its share of tur­moil and un­cer­tainty. But whether it’s our fight to de­grade and de­stroy the ter­ror­ist net­work known as ISIL, or to con­tain and com­bat the Ebola epi­demic in

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