Economy

Obama: U.S. Must Embrace Economic Globalization, Says Reuters

WASHINGTON – President Barack Obama stated on Friday that globalization is an undeniable reality that “we’re not going to be able to build a wall around.” He emphasized the importance of shaping the process to ensure it benefits not only large corporations but also smaller businesses.

During a news conference alongside Mexican President Enrique Pena Nieto, Obama highlighted that the Trans-Pacific Partnership trade agreement, currently under negotiation, has addressed several weaknesses and criticisms associated with the North American Free Trade Agreement (NAFTA).

President Obama and President Pena Nieto during the news conference at the White House in Washington

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