--- description: “We're here because we believe that our shared future is here in Asia” title: APEC: Barack Obama in China for Asia-Pacific Economic Cooperation image: https://static.time.com/v3/assets/bltea6093859af6183b/blt700eb6476ea1298f/698767fa3c1639ed9544fe03/458742012.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [Know Right Now](/tag/know-right-now/) ## Know Right Now Update your preferences in [Account Settings](/account/preferences/) Close # Obama Pushes for Tariff-Busting Trade Agreement in China by [TIME Video](/author/time-video/) ## TIME Video Update your preferences in [Account Settings](/account/preferences/) Close Nov 10, 2014 4:09 PM CUT  US President Barack Obama (L) stands with Chinese President Xi Jinping as they pose for a photo as he arrives for the Asia-Pacific Economic Cooperation (APEC) Summit banquet at the National Aquatics Center in the Chinese capital Beijing on November 10, 2014\. Top leaders and ministers of the 21-member APEC grouping are meeting in Beijing from November 7 to 11\. AFP PHOTO/Greg BAKER (Photo credit should read GREG BAKER/AFP/Getty Images) US President Barack Obama (L) stands with Chinese President Xi Jinping as they pose for a photo as he arrives for the Asia-Pacific Economic Cooperation (APEC) Summit banquet at the National Aquatics Center in the Chinese capital Beijing on November 10, 2014\. Top leaders and ministers of the 21-member APEC grouping are meeting in Beijing from November 7 to 11\. AFP PHOTO/Greg BAKER (Photo credit should read GREG BAKER/AFP/Getty Images)GREG BAKER—AFP/Getty Images by [TIME Video](/author/time-video/) ## TIME Video Update your preferences in [Account Settings](/account/preferences/) Close Nov 10, 2014 4:09 PM CUT President Barack Obama is in China for the Asia-Pacific Economic Cooperation (APEC) summit. The last time he was in China was 2009. While there, he will be pushing for the Trans-Pacific Partnership (TPP), a U.S.-led agreement that encompasses 11 countries, which would eliminate tariffs on high-tech goods. China, however, is in favor of the Free Trade Area of the Asia Pacific (FTAAP). “We’re here because we believe that our shared future is here in Asia,” Obama said in his speech at the summit Monday. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3575825/obama-pushes-for-tariff-busting-trade-agreement-in-china/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3575825/obama-pushes-for-tariff-busting-trade-agreement-in-china/"},"headline":"Obama Pushes for Tariff-Busting Trade Agreement in China","datePublished":"2014-11-10T16:09:25.000Z","dateModified":"2026-02-21T11:19:58.702Z","description":"“We're here because we believe that our shared future is here in Asia”","url":"https://time.com/3575825/obama-pushes-for-tariff-busting-trade-agreement-in-china/","keywords":["Know Right Now","politics","Obama","China","Business topic","World","trade","APEC"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt700eb6476ea1298f/698767fa3c1639ed9544fe03/458742012.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"TIME Video","jobTitle":null,"url":"https://time.com/author/time-video/"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt700eb6476ea1298f/698767fa3c1639ed9544fe03/458742012.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"CHINA-APEC-SUMMIT","caption":"CHINA-APEC-SUMMIT","creditText":"GREG BAKER—AFP/Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/know-right-now/","name":"Know Right Now"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3575825/obama-pushes-for-tariff-busting-trade-agreement-in-china/","name":"Obama Pushes for Tariff-Busting Trade Agreement in China"}}]}] ```