|President Barack Obama and First Lady Michelle Obama in India: newscam/zuma/tpm.com|
President Barack Obama announced a host of new trade deals with India supporting tens of thousands of U.S. jobs Saturday as he began a 10-day trip through Asia on a determinedly domestic note.
Intent on demonstrating his attention to the sluggish U.S. economy even while overseas, Obama also told a meeting of U.S. and Indian executives that the U.S. would relax some export regulations that have complicated trade between America and this fast-growing country of 1.2 billion people.
"As we look to India today, the United States sees the opportunity to sell our exports in one of the fastest growing markets in the world. For America, this is a jobs strategy," the president said in a speech to the U.S.-India Business Council. The remarks also were aimed at U.S. voters who punished Democrats in the midterm elections in part over continued high unemployment.
Obama said it should be a "win-win" relationship with India, but in a nod to U.S. sensibilities he also acknowledged concerns in the U.S. about outsourcing.
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