WATCH LIVE: President Obama Holds News Conference in Southern California

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LIVE: President Obama holds News Conference Following ASEAN Summit in Southern California – Scroll down for livestream. (Video will play when the President takes the podium)

Remarks by President Obama at Opening Session of the U.S.-ASEAN Summit:

Good afternoon, everyone. It is my privilege to welcome you to this landmark gathering — the first U.S.-ASEAN Summit hosted by the United States. This reflects my personal commitment, and the national commitment of the United States, to a strong and enduring partnership with your 10 nations individually and to Southeast Asia as one region, as one community — ASEAN.

I want to thank my co-chair, President Choummaly of Laos; Secretary General Minh; and leaders from all 10 ASEAN nations for being here.

As everyone knows, I first came to know the people and the beauty and the strength of Southeast Asia as a boy when I lived in Indonesia for several years with my mother. As President, I’ve had the opportunity to visit most of your countries. You and the people of ASEAN have always shown me extraordinary hospitality, and I hope we can reciprocate with the warmth today and tomorrow — which is why I did not hold this summit in Washington. It is cold there. It’s snowing. So, welcome to beautiful, warm Sunnylands. (Laughter.)

As President, I’ve insisted that even as the United States confronts urgent threats around the world, our foreign policy also has to seize on new opportunities. And few regions present more opportunity to the 21st century than the Asia Pacific. That’s why, early in my presidency, I decided that the United States, as a Pacific nation, would rebalance our foreign policy and play a larger and long-term role in the Asia Pacific. And this has included engagement with Southeast Asia and ASEAN, which is central to the region’s peace and prosperity, and to our shared goal of building a regional order where all nations play by the same rules.

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