US President Barack Obama wrapped up a quick three-day trip to Latin America this weekend, stopping in Mexico and Costa Rica, before returning back to business in Washington. This was the first trip by the US president to the region since his reelection, and a critical stop regarding trade relations and immigration. Obama acknowledged the significance of good economic relations with Latin American countries, saying that it is of “enormous importance” that positive trade relationships continue into the near future, and in the long term.
Obama emphasized that in order to stay competitive in business in the 21st century, the United States must work closely with all countries in the region, saying “If we do not have effective integration in our hemisphere, if we don’t have the best education systems, the best regulatory systems, if we don’t coordinate our activities, then we’re going to fall behind other regions in the world,”
He added, “When you look at the scale of business that’s being done currently, it’s creating jobs in the United States, it’s creating jobs here. What we want to do is to continue to find ways to enhance that relationship.” This is considered a big nod to the Latin American business model, and a show of strong support from the commander in chief in the future prospects of investment and inter-continental trade. “One of the best ways to grow our economy is to sell more goods and services made in America to the rest of the world,” said Obama. And, “that includes our neighbors to the south.”
He also stressed the importance of aiding the region in education, and helping to foster a favorable atmosphere for small business development. These are two very big concerns for many Latin American leaders, who see education reform as a key component in improving the socio-economic fabric of the region.
Another big issue on Obama’s radar during his brief trip was energy, and the importance in cooperation amongst countries regarding energy development and trade. According to Obama, the time is now for cooperation between the U.S. and Central America regarding renewable energy resources, and how to best implement clean energy strategies into the future. He also urged the enhanced cooperation on technology, to help expedite these policies as soon as possible. According to the president, “If any of us find good answers to renewable energy, that will spread like wild fire, and everybody will ultimately benefit.”
The US President’s trip concluded in Costa Rica at a summit with the top leaders of the region, including Costa Rica’s President Laura Chinchilla, where he reassured attendees of his continued commitment to improving relations and keeping an open dialogue between all parties.