Obama was speaking Saturday at a CEO summit during the Summit of the Americas in Colombia. The president was aiming to convince U.S. business leaders that he's serious about expanding trade in Latin America.
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He says "clean transparent government" is essential to create opportunity for the region's people. He complimented the governments of Colombia and Brazil for creating effective government that have sustained economic growth.
Obama says 40 percent of U.S. exports go to this region, supporting nearly 4 million U.S. jobs. China, however, has become a bigger trading partner with some South American countries.
President Barack Obama's challenge during a weekend summit in Colombia with business executives and political leaders from the Americas is convincing U.S. business that he's serious about expanding trade in Latin America and persuading the region to look northward once again.
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