PRESIDENT OBAMA: Just to pick up on this theme, Jackie, I think the notion that we fear China is mistaken. The notion that we are looking to exclude China is mistaken. And I'll take TPP as a perfect example of this. We haven't excluded China from the TPP. What we have said is the future of this region depends on robust trade and commerce, and the only way we're going to grow that trade is if we have a high-standards trade agreement where everybody is playing by the same rules; where if one set of markets is open then there's reciprocity among the other trading partners; where there are certain rules that we abide by in terms of intellectual property rights protection or how we deal with government procurement -- in addition to the traditional areas like tariffs.
And what we saw in Honolulu, in APEC, was that a number of countries that weren't part of the initial discussions -- like Japan, Canada, Mexico -- all expressed an interest in beginning the consultations to be part of this high-standard trade agreement that could potentially be a model for the entire region.
Now, if China says, we want to consult with you about being part of this as well, we welcome that. It will require China to rethink some of its approaches to trade, just as every other country that's been involved in the consultations for the TPP have had to think through, all right, what kinds of adjustments are we willing to make?
And so that's the consistent theme here. This is a growing region. It is a vital region. The United States is going to be a huge participant in both economic and security issues in the Asia Pacific region, and our overriding desire is that we have a clear set of principles that all of us can abide by so that all of us can succeed. And I think it's going to be important for China to be a part of that. I think that's good for us.