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Published: Sun, 15 Nov 2009
Description: President Obama meets with Dmitry Medvedev while on Asia trip
Automatically Generated Transcript (may not be 100% accurate)
" Arrived in Shanghai and on the agenda will be discussing economic issues with Chinese leaders. Kenny Sargent joins us from Singapore where the president met earlier today with Russian President Dmitry Medvedev -- Katie."
" Well good morning the president hopefully it's getting a good night's rest right about now it's been -- very busy day for him and the other leaders of the twenty other leaders from the Pacific rim nations. Including Russia President Obama and Russian President Dmitry Medvedev. Got together on the sidelines of the APEC summit and reported progress. On negotiations for a new start treating the current treaty expires on December 5 and that's a treaty on the nuclear arms reduction as her replacement training the president says they're getting there."
" Our goal from continues to be to complete. The negotiations and to be able to find a deal before the end of the year. And I'm confident that. If we work hard and was sense of urgency about we should be able to get that done and -- very much feel as -- both sides are trying to work through some difficult technical issues but are doing so in good faith."
" So economic and trade issues are ostensibly like the leaders get together for these meetings on that front they noted that the world's economy. Is recovering thanks to stimulus spending and other emergency measures but they said nations must push ahead with free trade and investment. To ensure that that growth continues. One thing that is not in the final declaration is any merit a mention of currencies. That phrase was cut following a dispute between the United States and China. China's been under pressure to say if she wants that should strengthen. Critics say is being kept artificially low and you can be sure they'll be some more discussions on that during the president's time in China. Climate changes also on the agenda though was added at the last minute. With the Copenhagen climate summit coming up in just three weeks and little hope for illegally binding agreement on that front. The prime minister of Denmark flew into. Present a proposal for a politically binding agreement and at least that would keep the would keep the process going for until they could -- come up with a better agreement. That's what we've been following here in Singapore's back to you all right -- sergeant thank you very much a live update."
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