IBOV 166,841.38 ▼ 0.43% IPC MEX 70,819.80 ▲ 0.91% MERVAL 2,848,945 — — USD/BRL5.48▲ 0.46% USD/MXN18.73▲ 0.58% USD/CLP977.23▲ 1.11% USD/COP3,225▼ 0.79% USD/PEN3.44▼ 0.06% USD/ARS1,545▼ 0.19% USD/UYU40.22▲ 3.24% USD/PYG6,031▲ 4.22% USD/BOB11.94▲ 1.91% USD/DOP59.90▼ 0.99% USD/CRC449.63▲ 2.27% USD/GTQ7.64▲ 3.17% USD/HNL26.87▼ 0.09% USD/NIO36.62▲ 0.07% USD/VES892.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.67% USD/TTD6.64▲ 1.14% EUR/BRL6.17▲ 0.38% BRENT 97.43 ▲ 2.97% WTI 90.36 ▲ 2.54% IRON ORE 161.91 — — COPPER 6.26 ▼ 2.17% GOLD 4,113 ▲ 0.98% SILVER 52.39 ▲ 0.51% SOY 1,192 ▼ 0.08% CORN 441.50 ▼ 0.62% WHEAT 601.25 ▲ 0.46% COFFEE 277.35 ▼ 0.86% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 137.30 ▲ 4.41% COTTON 78.45 ▲ 0.44% COCOA 5,262 ▼ 3.56% BEEF 212.90 ▼ 2.34% CATTLE 317.50 ▼ 4.37% LITHIUM 60.37 ▼ 2.44% PETR4 46.71 ▼ 0.87% VALE3 62.85 ▲ 0.80% ITUB4 39.75 ▲ 0.10% BBDC4 13.89 ▼ 1.21% ABEV3 15.41 ▲ 1.05% BBAS3 16.45 ▼ 0.24% B3SA3 14.21 ▼ 0.63% WEGE3 48.07 ▼ 3.96% PRIO3 62.11 ▼ 0.05% SUZB3 51.79 ▼ 1.07% RENT3 29.48 ▲ 0.07% AZZA3 14.04 ▲ 0.50% CSAN3 2.55 ▲ 6.69% RAIZ4 27.57 ▲ 1.73% PCAR3 2.39 ▲ 3.91% GMAT3 3.61 ▲ 2.27% PSSA3 43.55 ▼ 2.99% CVCB3 0.82 ▲ 1.23% POSI3 3.14 ▼ 0.95% SLCE3 16.35 ▼ 1.51% NATU3 5.21 ▼ 3.87% BRKM5 2.98 ▼ 2.30% RANI3 8.45 ▼ 2.09% CSNA3 4.06 ▼ 0.49% IBOV 166,841.38 ▼ 0.43% IPC MEX 70,819.80 ▲ 0.91% MERVAL 2,848,945 — — USD/BRL 5.49 ▲ 0.52% USD/MXN 18.74 ▲ 0.64% USD/CLP 977.07 ▲ 1.09% USD/COP 3,225 ▼ 0.79% USD/PEN 3.44 ▲ 0.02% USD/ARS 1,544 ▼ 0.23% USD/UYU 40.22 ▲ 3.24% USD/PYG 6,031 ▲ 4.22% USD/BOB 11.94 ▲ 1.91% USD/DOP 59.90 ▼ 0.99% USD/CRC 449.63 ▲ 2.27% USD/GTQ 7.64 ▲ 3.17% USD/HNL 26.87 ▼ 0.09% USD/NIO 36.62 ▲ 0.07% USD/VES 892.65 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.67% USD/TTD 6.64 ▲ 1.14% EUR/BRL 6.17 ▲ 0.47% BRENT 97.43 ▲ 2.97% WTI 90.36 ▲ 2.54% IRON ORE 161.91 — — COPPER 6.26 ▼ 2.17% GOLD 4,113 ▲ 0.98% SILVER 52.39 ▲ 0.51% SOY 1,192 ▼ 0.08% CORN 441.50 ▼ 0.62% WHEAT 601.25 ▲ 0.46% COFFEE 277.35 ▼ 0.86% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 137.30 ▲ 4.41% COTTON 78.45 ▲ 0.44% COCOA 5,262 ▼ 3.56% BEEF 212.90 ▼ 2.34% CATTLE 317.50 ▼ 4.37% LITHIUM 60.37 ▼ 2.44% PETR4 46.71 ▼ 0.87% VALE3 62.85 ▲ 0.80% ITUB4 39.75 ▲ 0.10% BBDC4 13.89 ▼ 1.21% ABEV3 15.41 ▲ 1.05% BBAS3 16.45 ▼ 0.24% B3SA3 14.21 ▼ 0.63% WEGE3 48.07 ▼ 3.96% PRIO3 62.11 ▼ 0.05% SUZB3 51.79 ▼ 1.07% RENT3 29.48 ▲ 0.07% AZZA3 14.04 ▲ 0.50% CSAN3 2.55 ▲ 6.69% RAIZ4 27.57 ▲ 1.73% PCAR3 2.39 ▲ 3.91% GMAT3 3.61 ▲ 2.27% PSSA3 43.55 ▼ 2.99% CVCB3 0.82 ▲ 1.23% POSI3 3.14 ▼ 0.95% SLCE3 16.35 ▼ 1.51% NATU3 5.21 ▼ 3.87% BRKM5 2.98 ▼ 2.30% RANI3 8.45 ▼ 2.09% CSNA3 4.06 ▼ 0.49%
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Obama’s Brazil Visit

By · March 22, 2011 · 3 min read

By Patricia Maresch, Contributing Reporter

RIO DE JANEIRO, BRAZIL – President Dilma Rousseff and U.S. President Barack Obama made it clear they hope to strengthen relations between the two countries. Obama, on his first presidential Latin American tour, praised Brazil as a model of democracy, and complimented the country’s flourishing economy during his visit.

Rousseff and Obama meet in Brasília, photo courtesy of Agencia Brasil
Presidents Rousseff and Obama meet in Brasília, photo by Antonio Cruz/ABr. photo courtesy of Agencia Brasil
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After meeting in Brasília, in a joint press statement Rousseff and Obama defined that they are seeking opportunities for Brazil and the U.S. to work closely together in the fields of technology, aviation, and clean energy.

Both parties voiced concerns about their respective trade barriers, and the U.S. has ground to recover since China is now the number one buyer of Brazil’s exports, and the country’s largest trading partner.

Perhaps Rousseff’s most challenging political goal was gaining U.S. support of Brazil’s bid to become a permanent member the UN Security Council. She did not get direct endorsement from Obama though, who only went so far as saying he was in favor of UN reforms. Some speculate it is an effect of of former Brazilian President Lula diplomatic support of Iran and it’s Nuclear policies.

Obama waves to public at the Theatro Municipal, photo courtesy of Valter Campanato/ABr
Obama waves to public at the Theatro Municipal in Rio de Janeiro, photo courtesy of Valter Campanato/ABr.

Obama however made clear that Brazil is no longer seen by the U.S. as an emerging country. “This is a country of the future no more. The people of Brazil should know that the future has arrived. It is here now,” said Obama in his speech delivered at the Theatro Municipal.

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Obama, First Lady Michelle and their two daughters Malia and Sasha, arrived in Rio de Janeiro on Friday night, after the meeting with Rousseff.

Security was tight, with army tanks in the city’s center, helicopters in the air, and hundreds of police and military troops patrolled the streets of Rio. Notwithstanding some protests against the United States foreign policy and involvement in the military actions against Libya, Obama is hugely popular in Brazil.

U.S. President Obama, First Lady Michelle and their two daughters Malia and Sasha visit Christ the Redeemer
U.S. President Obama, First Lady Michelle and their two daughters Malia and Sasha visit Christ the Redeemer, photo by Valter Campanato/ABr.

Obama was able to feel some of the Brazilians enthusiasm during a visit to the favela Cidade de Deus (City of God) made famous by the hit film of the same name in 2002.

For two years this favela is one of the so called “pacified” communities, were the special Police Pacification Unit (UPP) make sure the area remains out of the hands of heavily-armed drug gangs or corrupt militias.

While few doubt the improved conditions of the UPP occupied favela, critics voiced frustration that the scene of peace and safety was grossly overstated.

To close the Brazilian leg of the five-day Latin America tour, the Obama family made a visit to Cristo Redentor (Christ the Redeemer) on Sunday evening. A symbol of Christianity, the 130-foot statue is an icon of Rio and Brazil, which has the largest number of Catholics in the world.

Both Brazil and the U.S. hope the visit will signal the start of improved ties between the two countries. Before departing for Chile, Obama told Rio Governor Cabral he hoped to return soon.

Cabral said he would be delighted to welcome back the American president for the World Cup 2014 and the Olympic Games in 2016.

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