President Barack Obama is on a 10 day trip in which he’s visiting four different nations. His goal is to help repair the U.S. economy and expand U.S. exports. Obama said, “The primary purpose is to take a bunch of U.S. companies and open up markets so that we can sell in Asia, in some of the fastest-growing markets in the world.” His three day stay in India was the longest in a foreign country as president. He is expecting job growth and economic growth through these overseas trips. India is the United States’ 12th largest trading partner and offers a rapidly growing market for U.S. companies. From 2003-2009, trade between India and the U.S. doubled to $37 billion. As of August 2010, the total trade has been $32 billion. Indian officials are hoping that the administration will also loosen restrictions on high technology goods as well, such that would have military and commercial uses.
In my opinion, President Obama’s overseas trip will have a positive long-term effect on our country. From the looks of it, I think the expansion of U.S. exports will help the economy as well as help bring in more money. Obama had also said that he would announce contracts that would be worth billions of dollars in India. With the fast growing rate of India, our businesses and market will benefit quite a bit by strengthening relationships with India. Also, not only India, but the three other nations he’s visiting in Asia should be able to help repair the U.S. economy as well. I hope that this trip pays off and proves beneficial to the United States and its economy.