By and  on January 19, 2012

President Obama believes more foreign tourists can help boost the U.S. economy — and retailers agree.

The President on Thursday granted one of retailers’ long-held wishes when he signed an executive order that seeks to dramatically reduce visa processing delays, increase tourism and create jobs in the U.S. The move was applauded by major retailers, which have been lobbying the administration aggressively to ease visa rules so tourists, especially those from fast-growing economies like China and Brazil, can more easily visit the U.S. and spend their money on luxury goods and fashion items here rather than in Europe.

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