Trade of U.S. goods and services with nations in the Asia Pacific region is up 150 percent since the Asia Pacific Economic Cooperation was founded in 1994. Trade with these countries now totals more than $2.3 trillion, up from $1 trillion in 1994.
President Obama, who is on the final leg of his Asia Pacific trip, has noted that the region’s tremendous economic growth and large and growing middle class makes the area a key market for U.S. exports. His work over the last week at the APEC, ASEAN, and East Asia Summits was an important step in expanding our economic partnerships with these trading partners, as well as our ability to create jobs, which exports to Asia Pacific countries are generating in every corner of the United States across every major sector.
Read more about the President’s Asia Pacific trip.