Political Risk Latin America Blog @PolRiskLatam

From Rio. Brazil, U.S. Strengthen Economic, Education and Energy

Posted in News and Articles, Political Risk by politicalrisklatam on March 21, 2011

by Rachel Greenwald for Americas Quarterly Online, March 21st, 2011.

During a two-day visit to Brazil this past weekend, and amidst a backdrop of escalating events in Libya, U.S. President Barack Obama and his Brazilian counterpart Dilma Rousseff reinvigorated stalled political and economic relations between the two countries, signing a series of preliminary agreements that pave the way for stronger commercial links between the Hemisphere’s largest economies.

Obama’s trip—intended to bolster trade and investment ties with the world’s seventh-largest economy and prove U.S. commitment to a region increasingly engaged with China—kicked off with talks between the two leaders in Brasilia on Saturday morning. Following the leaders’ meeting at the Palácio do Planalto, Obama met with U.S. and Brazilian CEOs and delivered an address at the U.S.-Brazil CEO forum. Throughout the meetings around Brasilia, Obama stressed the opportunities for mutual economic benefit through increased cooperation, and cited the potential for the U.S. to sell “more goods and services to a rapidly-growing market of around 200 million consumers.”

After talks at the Palácio do Planalto, the two leaders announced the signing of a series of agreements to deepen ties as “global partners in the 21st century” in areas ranging from trade to technology, education to energy and air travel. (continue reading… )

 

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