President touts trade agreements with Asia to boost U.S. job creation

During his recent nine-day trip to Asia, President Barack Obama
announced a number of business deals and trade agreements that he
said will help to increase job creation stateside.

In his weekly radio address, Obama outlined a number of deals
that will potentially increase U.S. exports by up to $39 billion
and support nearly 130,000 American jobs.

“These agreements will help us reach my goal of doubling
American exports by 2014 — a goal we’re on pace to meet, ” Obama
announced. “And they’re powerful examples of how we can rebuild an
economy that’s focused on what our country has always done best —
making and selling products all over the world that are stamped
with three proud words: ‘Made In America.'”

Two of those deals include agreements with General Electric and
Boeing.

Under the agreements, the Indonesia-based Lion Air will purchase
230 airplanes from the Chicago-based Boeing, valued at
approximately $22 billion. The deal is expected to create more than
110,000 U.S. jobs.

Obama said General Electric will sell airplane engines to
Indonesia’s Garuda Airlines, a move that will support more than
5,000 jobs in Ohio and North Carolina.