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Obama Expanded Plan In Apec summit Pan Asia Pasific
"I'm confident we can get this done," Mr Obama said at the Asia-Pacific Economic Co-operation (Apec) talks.
Nine Apec nations are involved in the Trans-Pacific Partnership (TPP), but China has so far not expressed interest in joining the talks.
In all, 21 Apec countries account for about 44% of global trade.
They also make up some 40% of the world's population.
Speaking in Honolulu on Saturday, Mr Obama said: "Together we can boost exports and create more goods available for our consumers, create new jobs. Compete, win in the markets of the future."
Iran response Describing the region as an engine for growth, he expressed hopes that the TPP deal could be finalised as early as next year.
The US leader also said the TPP could serve as a model for other trade pacts. He did not provide further details about the plan.
Mr Obama also warned the Chinese president that Americans were becoming impatient over US-China economic ties.
In his meeting with the Russian President, Dmitry Medvedev, Mr Obama discussed Afghanistan, Iran and Syria, among other subjects.
Mr Obama said they "reaffirmed our intention to work and shape a common response so we can move Iran to follow its international obligations when it comes to its nuclear programme".
Japan 'boldness' The TPP currently includes Chile, New Zealand, Brunei and Singapore - all relatively small economies - with the US, Australia, Malaysia, Vietnam and Peru negotiating to join.
And Japan, the world's third largest economy, has now said it also wants to join the discussions.
President Obama said he had been "extremely impressed with the boldness" of the Japanese Prime Minister, Yoshihiko Noda, whose decision to join free trade talks is strongly opposed by Japan's farmers.
Read More
Nine Apec nations are involved in the Trans-Pacific Partnership (TPP), but China has so far not expressed interest in joining the talks.
In all, 21 Apec countries account for about 44% of global trade.
They also make up some 40% of the world's population.
Speaking in Honolulu on Saturday, Mr Obama said: "Together we can boost exports and create more goods available for our consumers, create new jobs. Compete, win in the markets of the future."
Iran response Describing the region as an engine for growth, he expressed hopes that the TPP deal could be finalised as early as next year.
The US leader also said the TPP could serve as a model for other trade pacts. He did not provide further details about the plan.
In his meeting with the Russian President, Dmitry Medvedev, Mr Obama discussed Afghanistan, Iran and Syria, among other subjects.
Mr Obama said they "reaffirmed our intention to work and shape a common response so we can move Iran to follow its international obligations when it comes to its nuclear programme".
Japan 'boldness' The TPP currently includes Chile, New Zealand, Brunei and Singapore - all relatively small economies - with the US, Australia, Malaysia, Vietnam and Peru negotiating to join.
And Japan, the world's third largest economy, has now said it also wants to join the discussions.
President Obama said he had been "extremely impressed with the boldness" of the Japanese Prime Minister, Yoshihiko Noda, whose decision to join free trade talks is strongly opposed by Japan's farmers.
Read More
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