Obama says China and U.S. to extend visa validity to boost trade and tourism

2014-11-10 5

ROUGH CUT (NO REPORTER NARRATION)

China and the United States have agreed to significantly extend the terms of short-term visas, U.S. President Barack Obama said on Monday (November 10) in Beijing, a deal he said would improve trade and business ties between the world's two largest economies.

Under the deal, which the United States will put into effect on Nov. 12, both countries would extend the terms of multiple entry short-term tourist and business visas to 10 years from one year, the White House said in an accompanying statement. Student visas would be extended to five years from one year.

"But keep in mind last year 1.8 million Chinese visitors to the United States contributed 21 billion dollars to our economy and supported more than 100,000 American jobs. This agreement could help us more than quadruple those numbers. I have heard from American business leaders about how valuable this step will be and we have worked hard to achieve this outcome because it clearly