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Obama says opening markets key to jobs

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By Associated Press

WASHINGTON (AP) — President Barack Obama says one of the most important things he can do to create jobs and help U.S. businesses is to open up more markets around the world to American goods.

Warming up for a State of the Union address that is expected to focus on jobs and the economy, Obama said Saturday in his weekly radio and Internet address that getting access to foreign markets is the reason he met with China's President Hu Jintao at the White House this week.

During the summit, China announced $45 billion in contracts and said it would increase its investments in the U.S. by several billion dollars — deals that Obama said will support 235,000 American jobs.

A newly inked trade deal with South Korea and recent agreements with India will also boost U.S. exports, Obama said.

Obama spoke the day after a quick visit to a General Electric plant in Schenectady, N.Y., that is producing steam turbines and generators for a project stemming from one of the India deals. He also lauded GE's plans to build a clean energy center, an advanced battery manufacturing plant and other state-of-the-art facilities in that economically battered city in upstate New York — all projects he said would create jobs and help make the United States more competitive globally.


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