Obama praises business deals, touts U.S. enterprise

U.S. President Obama and Malaysian PM Razak witness signing of major business agreement between GE and AirAsia X in Kuala LumpurPresident Barack Obama watched over the signing of three business deals in Malaysia on Monday, using the opportunity to promote U.S. commercial expertise during a four-country swing through Asia. The president has sought during stops in Japan, Korea and Malaysia to bolster the U.S. security commitment to Asia, where a rising China has made many U.S. allies nervous. A hoped for trade pact failed to come to fruition despite round-the-clock negotiations in Japan. Officials said they had made progress that would bring Japan into the 12-country Trans Pacific Partnership (TPP), which commits countries to lower import tariffs and to dropping other impediments to imports.

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