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    US President Barack Obama

    Obama: US Should Set Rules for World Economy

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    Obama claims that the United States should write the economic rules for the rest of the world since it enjoys the strongest growth.

    WASHINGTON (Sputnik) — The United States should write the economic rules for the rest of the world since it enjoys the strongest growth, President Barack Obama said in a speech at the University of Wisconsin in La Crosse on Thursday.

    “At a moment where our economy is in a position of global strength, because we are going faster than most other countries, advanced countries, we have to write the economic rules for the global economy before countries like China do,” Obama stated.

    On Monday, Obama signed the Trade Promotion Authority (TPA) legislation giving him fast-track authority to negotiate international free trade agreements.

    Next on the President’s trade agenda is to complete negotiations on the Trans Pacific Partnership (TPP), which would secure commercial agreements between the United States and 11 other countries including Australia, Japan, New Zealand, Mexico, Taiwan, South Korea and Malaysia.

    The TPP deal is expected to cover about 40 percent of the global economy.

    Obama vowed to continue pushing for fair trade to boost exports for US businesses.

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    economic growth, global economy, economy, Barack Obama, United States
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