Obama, on a farewell visit to Germany as President, is trying to counter public skepticism about a trans-Atlantic trade deal with Europe, while also facing down criticism from the 2016 presidential candidates of a pending Asia-Pacific trade pact,reports Guardian.
President Obama made the statement in Hanover yesterday, where he will inaugrate the Hanover Messi fair along with German Chancellor on Monday.
Obama said, "the majority of people still favour trade. They still recognize, on balance, that it's a good idea."
United States is the partner country for this year's fair. After talks yesterday, US president said, the world's largest trade pact could be finalised by the end of the year.
He said that United States and European Union need to keep moving forward with the Transatlantic Trade and Investment Partnership negotiations.
Both sides hope the pact will provide a shot in the arm to Western economies that are still struggling to erode the devastating effects of the global financial crisis.
German Chancellor Merkel said, the deal was extremely helpful to allow the economy in Germany as well as Europe to grow. German Economic Affairs and Energy Minister Sigmar Gabriel warned the deal will fail if the United States refused to make concessions in Buy American clauses.
Obama, at a news conference with German Chancellor Angela Merkel, made a strong public show of support for her handling of the migrant issue, saying she was 'on the right side of history on this.'
Her decision to allow the resettlement in Germany of thousands fleeing violence in Syria and other Mideast conflict zones has created an angry domestic backlash.
Merkel recently helped European countries reach a deal with Turkey to ease the flow, but she and the other leaders are now under pressure to revisit it.
-Source ANI