Palestinians uncertain as FIFA, UEFA step in to save soccer pitch from Israeli demolition    House panel votes to hold Clintons in contempt in Epstein probe    Trump backs off tariffs threat, says Greenland deal framework reached    Saudi Arabia signs agreement with World Economic Forum to accelerate industrial transformation    Over 78 million faithful visit Two Holy Mosques in a month    Saudi FM meets British, French counterparts in Davos    Northern Saudi cities record coldest temperatures of winter as mercury drops to –3°C    Arab coalition condemns deadly attack on Giants Brigades commander in Yemen    Sha'ban crescent sighted Tuesday    Saudi POS transactions reach 236 million, SR4bn in one week    Al-Khateeb highlights Saudi-UN partnership to shape quality of life in future cities    122 million tourists spend SR300 billion in Saudi Arabia in 2025    Italian fashion legend Valentino dies at 93    Saudi orchestra brings 'Marvels of Saudi Orchestra' to AlUla with 107 musicians    Katy Perry makes Saudi debut at Joy Awards, praises Saudi design and hospitality    Hail wins Guinness World Record with largest off-road production cars convoy    SFDA approves registration of 'Anktiva' for treatment of bladder and lung cancer    Saudi Darts Masters 2026 to offer record $200,000 prize for nine-dart finish    Al Taawoun condemn "repeated refereeing injustice" after late penalty defeat    British boxer Anthony Joshua discharged from hospital after Nigeria car crash    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Obama wins Indonesian backing for Pacific trade pact
Published in The Saudi Gazette on 28 - 10 - 2015

US President Barack Obama won Indonesia's endorsement for a contentious trans-Pacific trade deal on Monday, with the president of Southeast Asia's largest economy vowing to join.
During a meeting with Obama at the White House, Joko Widodo risked the ire of economic nationalists at home and pledged to join the pact.
"Indonesia is an open economy and with a population of 250 million, we are the largest economy in Southeast Asia," Widodo said in the Oval Office.
"Indonesia intends to join the TPP."
Twelve countries are currently party to the "Trans-Pacific Partnership" — including Australia, Canada, Japan, Mexico, Vietnam and the United States — creating the world's largest free trade area.
The deal is seen by some as a counterbalance to growing Chinese economic clout in the region.
Widodo's endorsement is a political victory for Obama, who is steering the already completed pact through a hostile Republican-controlled Congress and without the full backing of his Democratic party.
Hillary Clinton, the 2016 election frontrunner, has said the deal falls short of the "high bar" she had set for helping US interests.
Obama has claimed the TPP has the strongest labor and environmental standards of any trade deal signed by the United States.
Widodo comments will also raise hopes that he will help catalyze the world's most populous Muslim nation, allowing Indonesia to finally punch its weight.
Sketching out a "key strategic partnership" Obama — who lived in Indonesia for nearly five years as a child — said the US needed good relations with Jakarta.
"Obviously I have a very personal interest in Indonesia, given the fact that I spent a bit of time there as a child and have relatives who are Indonesian," Obama said.
"But what is also true is that our partnership is very much in the interests of the United States, given Indonesia's large population, its leadership in the region, its democratic traditions, the fact that it is a large Muslim country with a tradition of tolerance and moderation, and its role in trade and commerce and economic development."
Widodo's visit to the White House was the first by an Indonesian president in a decade and came exactly a year after the former furniture salesman became president.
In surviving even that long, he has defied skeptics who predicted he would quickly flounder in the oligarch-infested waters of Indonesian politics.
In the Oval Office, Obama offered his own endorsement, praising the economic reform efforts of a fellow 54-year-old who, like him, swept to power as an outsider promising change.
Indonesia's notoriously protectionist economy has been stymied by systemic corruption, lower commodity prices and China's economic slowdown.
Unemployment among the vast ranks of Indonesia's youth stands at more than 20 percent, and efforts to attract investors have been undercut by economic nationalism, vested interests and red tape.
In Washington, Widodo met with executives from several US firms, including GE, Caterpillar and Coca-Cola, to finalize 12 investment deals worth a total of $20.25 billion to improve Indonesian infrastructure.
"Now is the time to invest: Indonesia is open for business," Widodo said in a statement released by his embassy.
But Widodo's efforts to win further US investment suffered a blow when he was forced to cancel a swing to America's West Coast and meetings with fund managers and Silicon Valley executives, including from Google and Apple's Tim Cook.
Widodo spokesman Ari Dwipayana said the president was leaving to help deal with clouds of smoke that have blanketed large areas of his country. Thousands of fires caused by slash-and-burn agriculture in Indonesia's forests have forced schools and offices to close and airlines to cancel flights.


Clic here to read the story from its source.