Posts tagged ‘Obama’

27/01/2015

Obama ends day of Indian pageantry with $4 billion pledge | Reuters

U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the “untapped potential” of a business and strategic partnership between the world’s largest democracies.

Honeywell CEO Dave Cote (L) and India's Prime Minister Narendra Modi (C) laugh at a remark by U.S. President Barack Obama (R) during a CEO Roundtable and Forum at the India U.S. Business Summit in New Delhi January 26, 2015. REUTERS-Jim Bourg

Earlier in the day, at the invitation of Prime Minister Narendra Modi, Obama was the first U.S. president to attend India’s annual Republic Day parade, a show of military might that has been associated with Cold War anti-Americanism.

It rained as troops, tanks and cultural floats filed through the heart of New Delhi, but excitement nevertheless ran high over Obama’s visit, which began on Sunday with a clutch of deals to unlock billions of dollars in nuclear trade and to deepen defence ties.

Both sides hope to build enough momentum to forge a relationship that will help balance China’s rise by catapulting democratic India into the league of major world powers.

The leaders talked on first name terms, recorded a radio programme together and spent hours speaking at different events, but despite the bonhomie, Obama and Modi reminded business leaders, including the head of PepsiCo, that trade ties were still fragile.

India accounts for only 2 percent of U.S. imports and one percent of its exports, Obama said. While annual bilateral trade had reached $100 billion, that is less than a fifth of U.S. trade with China.

via Obama ends day of Indian pageantry with $4 billion pledge | Reuters.

26/01/2015

Narendra Modi’s Suit and Its Message to Obama – India Real Time – WSJ

Even the pinstripes on Indian Prime Minister Narendra Modi’s suit cannot escape scrutiny.

The yellow, almost-gold, stripes that appear against the navy blue wool fitted Indian jacket and pants he wore on Sunday were not simple stitching. They were Mr. Modi’s name embroidered into the fabric, said a person familiar with Mr. Modi’s wardrobe.

Over and over again the lines repeated the words: “Narendra Damodardas Modi.” His middle name is his father’s first name: Damodardas Mulchand, a tea seller.

Mr. Modi, wore the pinstriped suit to receive U.S. President Barack Obama at the Indian presidential palace on Sunday. Mr. Obama is on an official three-day visit to India.

He landed in the capital New Delhi on Sunday morning where he was greeted by Mr. Modi in a break with protocol. The pair also hugged.

Mr. Modi, who changed his outfit three times on Sunday, started with a cream colored shirt paired with a saffron shawl for the airport visit. He then changed into that pinstriped fitted Indian jacket with his name all over it for a luncheon he hosted in Mr. Obama’s honor at Hyderabad house. After lunch the pair walked in the garden and were photographed drinking tea together.

Later that evening, Mr. Modi donned a dove-grey fitted Indian jacket for a state banquet at Rashtrapati Bhavan, the president’s palace.

For the Republic Day parade on Monday Mr. Modi paired a black fitted jacket with an elaborate turban, a nod to his Gujarati heritage. The red, green and orange hand-tied turban, speckled with white dots, is a a tie-dye technique called Bandhani that is practiced mostly in the western Indian states of Rajasthan and Gujarat. Mr. Modi was the chief minister of Gujarat for more than a decade.

But the Obama visit’s wardrobe will probably be best-remembered for those stripes on Mr. Modi’s second outfit. They started a social media outrage especially on Twitter where some users described Mr. Modi as a narcissist for choosing to wear his name all over his jacket.

via Narendra Modi’s Suit and Its Message to Obama – India Real Time – WSJ.

26/01/2015

Rain on India’s parade, but Obama visit keeps spirits high | Reuters

U.S. President Barack Obama watched a dazzling parade of India’s military might and cultural diversity on Monday, the second day of a visit trumpeted as a chance to establish a robust strategic partnership between the world’s two largest democracies.

Photo

It rained on the parade through the heart of New Delhi, but excitement nevertheless ran high over Obama’s landmark visit, which began on Sunday with a clutch of deals and ‘bromance’ bonding with Prime Minister Narendra Modi.

The two leaders announced plans to unlock billions of dollars in nuclear trade and to deepen defence ties.

Most significant was an agreement on two issues that, despite a groundbreaking 2006 pact, had stopped U.S. companies from setting up nuclear reactors in India and had become one of the major irritants in bilateral relations.

“Mobama breaks N-deadlock,” the Mail Today newspaper said on its front page, which carried a photograph of Modi and Obama hugging each other warmly.

The bonhomie was a remarkable spectacle, given that a year ago Modi was persona non grata in Washington and was banned from visiting the United States for nearly a decade after deadly Hindu-Muslim riots in a state he governed.

Obama is the first U.S. president to attend India’s Republic Day parade, an annual show of military prowess that was long associated with the anti-Americanism of the Cold War.

via Rain on India’s parade, but Obama visit keeps spirits high | Reuters.

20/01/2015

Obama’s Seven Habits for a Highly Successful India Visit – India Real Time – WSJ

U.S. President Barack Obama’s upcoming visit to India won’t be his first trip to the country.

Mr. Obama and the First Lady last swept through Delhi and Mumbai in November 2010 in a carefully- choreographed charm offensive, addressing sensitive issues such as Pakistan and the U.N. Security Council, while finding time to dance at a high school and speak a bit of Hindi.

Much has changed in India since Mr. Obama last arrived on its shores: the government, the prime minister, the number of international coffee and burger chains. Many things haven’t altered however and by the time he leaves next week, the president will be something of an old hand in the world’s largest democracy. By visiting a second time, he becomes the only serving U.S. president to have made two official trips to India.

1. Back a Bid

India has for years coveted a permanent seat on the United Nations Security Council. In Mr. Obama’s 2010 visit, he used a speech to the Indian Parliament  to back the country’s inclusion “in the years to come” as a permanent member of the council with power of veto.

2. Tread Carefully on Pakistan

Any world leader visiting India must choose their words on the country’s rival Pakistan carefully.  In the same speech to the Indian Parliament, Mr Obama said the U.S. insisted Pakistan limit terrorist-safe havens within its borders, adding: “We must also recognize that all of us have an interest in both an Afghanistan and a Pakistan that is stable, prosperous and democratic—and none more so than India.”

3. Make a Trade Announcement…

Mr. Obama was in Mumbai when he announced a loosening of restrictions on U.S. exports to India. The move was aimed at making it easier for U.S. companies to export technology for military and non-military use after the U.S. imposed controls on trade with India in dual-use technologies — items that have both military and peaceful purposes – after India’s nuclear-weapons tests in 1998.

The president said: “We’re taking the necessary steps to strengthen this relationship.”

4. …And Ask for Something Back

Mr. Obama asked India to reduce barriers in sectors such as agriculture, retail and telecommunications to promote trade. “In a global economy, new growth and jobs flow to countries that lower barriers to trade and investment,” he said.

U.S. President Barack Obama and Indian Prime Minister Manmohan Singh, embrace following a joint statement and press conference at Hyderabad House in New Delhi, India, Nov. 8, 2010. Associated Press

5. Work on Chemistry

Ahead of the 2010 meeting, both Mr. Obama and then-Indian Prime Minister Manmohan Singh echoed each other’s language on the relationship between their two countries. “I think the India-United States relationship has entered a new phase,” Mr. Singh said before Mr. Obama’s visit.

6. Pick Your Battles

There was much speculation that Mr. Obama would touch on the issue of the outsourcing of U.S. jobs to India during his 2010 visit. In the end, he deftly sidestepped the issue in the name of healthy competition:

“There are many Americans whose only experience with trade and globalization has been a shuttered factory or a job that was shipped overseas,” he said, adding that many Americans still had a “caricature” of India as a place with call centers where U.S. jobs have been outsourced.

On another touchy subject, Kashmir, Mr. Obama let Mr. Singh do the talking. Mr. Singh said he wanted to reduce tensions with Pakistan, including over Kashmir, but could not do so unless Islamabad cracked down on terrorism.

U.S. President Barack Obama bows as he arrives to deliver a speech at Parliament House in New Delhi Nov. 8, 2010. Agence France-Presse/Getty Images

7. Visit the Right Places, Wear the Right Things, Use the Local Lingo

Photogenic India provided Mr. and Mrs. Obama with ample visual material. Mrs. Obama gamely joined children dancing at a high school in Mumbai, eventually persuading the president to join her. She also took part in a game of hopscotch and urged students at a college in Mumbai to “keep dreaming big huge, gigantic dreams–for your community and for your world.”

Perhaps the most arduous part of the visit of any dignitary to another country is avoiding any faux pas, embarrassing photographs or poor sartorial choices.

Mr. Obama’s staff carefully chose Humayun’s tomb in New Delhi as an appropriate tourist destination for the president.

Meanwhile, Michelle Obama’s outfits were carefully scrutinized for any embarrassing mistakes – which she seemed to avoid.

Mr. Obama rounded off the whirlwind tour with the crowd-pleasing cry in Hindi of ‘jai hind!’, or ‘hail India!’ at the end of his speech to the Indian Parliament.

via Obama’s Seven Habits for a Highly Successful India Visit – India Real Time – WSJ.

21/03/2014

Michelle Obama starts landmark trip[1]- Chinadaily.com.cn

After a long journey from Washington, US first lady Michelle Obama landed in Beijing on Thursday evening, starting her long-awaited trip to China with a big smile and a wave.

Michelle Obama starts landmark trip

When Obama, in an elegant black dress, stepped out of the plane with her mother and two teenager daughters, dozens of reporters that had waited in the airport for hours incessantly clicked their camera shutters.

Though nobody from the delegation spoke to the media, the first lady’s brief debut spread quickly on Chinese media and micro blogs, where users discussed what she would wear and eat, and how she will interact with Chinese first lady Peng Liyuan.

“It is another innovation in the history of Chinese diplomacy” and helps both sides’ leaders strengthen their personal relations, said Ruan Zongze, vice-president of the China Institute of International Studies.

Ruan was referring to the latest “creative” laid-back meeting between President Xi Jinping and his US counterpart, Barack Obama, at the Sunnylands resort in California last June, soon after Xi assumed office.

Peng, Xi’s wife, accompanied her husband on the Sunnylands visit but did not meet Michelle Obama, who was in Washington. Her absence left some Chinese disappointed and more excited about the “make-up” meeting.

On Friday, Michelle Obama, a Harvard-educated lawyer, is to spend almost the whole day with Peng. The two first ladies will visit a high school in Beijing, stroll inside the Forbidden City, eat Peking duck and watch a performance together.

“The meeting of the two first ladies shows that China is more open and is getting more involved with the international community,” Ruan said.

via Michelle Obama starts landmark trip[1]- Chinadaily.com.cn.

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02/01/2013

* Obama Eyes $108 Billion Annual Asia Prize Vying With China Trade

Bloomberg: “More than a century and a half after Millard Fillmore dispatched an emissary to Asia to transform commerce across the Pacific, a U.S. president again sees an historic opportunity to strengthen America’s role in the region.

Obama Eyes $108 Billion Annual Asia Prize Vying With China Trade

Barack Obama sent his secretary of state, Hillary Clinton, to Asia for a record 86 days in his first term, including — for the first time — stops in all 10 members of the Association of Southeast Asian Nations. Obama himself became the first sitting commander-in-chief to visit Myanmar, a nation the International Monetary Fund says may be the next economic frontier in Asia.

As in the wake of U.S. Commodore Matthew Perry’s 1850s voyages to Japan, American companies are seeking greater opportunities, with General Electric Co. (GE) and Ford Motor Co. backing Obama’s plan for an 11-country Pacific trade deal that could bring in $108 billion a year. Instead of Perry’s gunships, what may propel Asian nations toward Obama’s vision is concern from Japan to Vietnam that China’s ascendance may pose a threat.

“The U.S. is serious about its commitment to Asia and sees Asia as the future in terms of economic growth in the 21st century,” said Simon Kahn, chairman of the American Chamber of Commerce in Singapore and Google Inc. (GOOG)’s chief Asia-Pacific marketing officer. “That has a very real impact in discussions with business counterparts in terms of thinking about long-term investments.”

Personal History

The connection is part personal for Obama, 51, who lived in Jakarta from 1967 to 1971. In his second year in office, the president returned to Indonesia’s capital, addressing an audience of about 6,000 at the University of Indonesia highlighting prospects for deeper economic ties, “because a rising middle class here means new markets for our goods, just as America is a market for yours.”

Less than two years after Obama’s visit, Boeing Co. (BA) confirmed a record 230-plane order valued at $22.4 billion at list prices from PT Lion Mentari Airlines, a budget carrier in Indonesia, the world’s fourth most-populous nation.

“If you look at global growth, obviously this region is where the action is,” Bill Ford, executive chairman of the second-biggest U.S. automaker, said in a response to questions while on a visit to Thailand, where he toured a $450 million plant that the Dearborn, Michigan-based company opened this year. The administration’s support for U.S. manufacturers has helped Ford expand its exports of the Explorer sport-utility vehicle to more than 90 nations, he said.

Growth Prospects

The IMF forecasts developing countries in Asia to grow 7.7 percent in 2017, almost triple the pace of advanced economies, increasing demand for everything from toothpaste and automobiles to missile systems as nations protect their newfound wealth.

Asian stocks also demonstrate the region’s lure, with the MSCI Asia Pacific Excluding Japan Index climbing 100 percent since Obama took office, a period when the MSCI World Index rose 56 percent. Price-to-earnings ratios present “no obstacle” to more gains, according to Nomura Holdings Inc. equity strategists led by Michael Kurtz in Hong Kong. Kurtz’s team targeted 530 for the MSCI Asia Pacific Excluding Japan Index in 2013 in a note dated Dec. 3, marking a 14 percent gain from current levels.

Obama’s trade strategy is built around the Trans-Pacific Partnership. Negotiators from 11 countries — Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S. and Vietnam — will meet in Singapore in early March for the 16th round of talks aimed at bringing down tariffs, strengthening patent protection and allowing greater access to government contracts.

Stepping Up

“There are significant risks to the U.S. of being marginalized in Asia if they do not step up to the trade plate,” said Deborah K. Elms, head of the Temasek Foundation Centre for Trade & Negotiations in Singapore. “They have to be able to push the TPP past the finish line.”

Japan, South Korea, Thailand and the Philippines are all considering joining the TPP talks — a move that, along with an entry by Indonesia and 11 mostly smaller nations, could bring the U.S. annual income of $108 billion a year, according to Asia-Pacific Trade, a website whose contributors include Peter A. Petri, a Brandeis University professor.

The U.S. aims to complete the TPP talks by the end of next year and have it take effect by 2015, Michael Froman, deputy national security adviser for international economic affairs, said in an interview.”

via Obama Eyes $108 Billion Annual Asia Prize Vying With China Trade – Bloomberg.

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23/11/2012

* Southeast Asian Nations Announce Trade Bloc to Rival U.S. Effort

It is not clear to me what motivates ASEAN nations to try and forma trading bloc that includes China, while Obama had initiated a similar pact to exclude China.  If may be a way of mollifying the strong stance ASEAN had taken regarding the South China Sea disputes. A ‘quid pro quo’ as it were.

NY Times: “Ten Southeast Asian nations said Tuesday that they would begin negotiating a sweeping trade pact that would include China and five of the region’s other major trading partners, but not the United States.

The proposal for the new trade bloc, to be known as the Regional Comprehensive Economic Partnership, is enthusiastically embraced by China. The founding members, who belong to the Association of Southeast Asian Nations, said at the close of the association’s summit meeting here that the bloc would cover nearly half of the world’s population, starting in 2015.

The new grouping is seen as a rival to a trade initiative of the Obama administration, the 11-nation Trans-Pacific Partnership, which includes many of the same countries but excludes China.”

via Southeast Asian Nations Announce Trade Bloc to Rival U.S. Effort – NYTimes.com.

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