Placeholder Image

Subtitles section Play video

  • PRESIDENT OBAMA: The current AGOA structure expires in 2015. It is my hope that we get

  • it renewed. Now, what I mentioned to President Zuma today, and I said this at a press conference,

  • is that we will have to engage in some negotiations to find ways to both improve what we're currently

  • doing, but also to reflect on the fact that South Africa is becoming more and more successful,

  • and that U.S. businesses -- in order for me to get it through Congress in the United States,

  • U.S. businesses have to feel as if they're getting a level playing field relative to,

  • for example, some of the European companies who are able to operate here -- because there's

  • a free trade agreement between Europe and the United States.

  • But I'm confident that with good negotiations, that we should be able to get it done. The

  • broader point I want to make, though, is that the future is going to be in creating value

  • here in Africa and making sure then that Southeast Asia and China and Turkey, and all these other

  • places around the world that everybody is starting to see the benefits of global trade

  • patterns. And Africa cannot just be a source of raw materials for somebody else. It has

  • to be a source of the kinds of products and services and imagination that is going to

  • be the future of the 21st century.

PRESIDENT OBAMA: The current AGOA structure expires in 2015. It is my hope that we get

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it