IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL5.14▼ 0.05% USD/MXN16.89▼ 0.10% USD/CLP914.28▼ 0.08% USD/COP3,043▲ 0.15% USD/PEN3.35▼ 0.06% USD/ARS1,499▼ 0.03% USD/UYU40.20▲ 1.52% USD/PYG5,996▲ 1.39% USD/BOB11.43▲ 0.51% USD/DOP58.65▼ 0.10% USD/CRC450.05▲ 1.95% USD/GTQ7.62▲ 2.13% USD/HNL26.81▲ 1.55% USD/NIO36.62— 0.00% USD/VES782.70▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.82% EUR/BRL6.00▼ 1.08% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Business - Brazil Politics - Brazil

Rousseff and Obama Meet in Brasília

By · March 19, 2011 · 3 min read

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By Patricia Maresch, Contributing Reporter

RIO DE JANEIRO, BRAZIL – In his first trip to South America since taking office, American president Obama met with his Brazilian counterpart Dilma Rousseff today. The Brazil visit comes against the backdrop of urgent issues elsewhere in the world, including the nuclear disaster in Japan and the possibility of U.S. military action against Libya’s Moammar Gadhafi.

Obama arrives in Brazil, photo courtesy of MarcelloCasalJr/ ABr
Obama arrives in Brazil, photo courtesy of MarcelloCasalJr/ABr.
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After recent strains between Brazil and the United States – in part because of Rousseff’s predecessor Lula’s stand on Iran’s nuclear program – both countries seem determined to patch up the relationship.

Rousseff welcomed Obama and First Lady Michelle at the presidential Palácio do Planalto in Brasília. After the official ceremonial parts of the visit, the two presidents had a bilateral meeting to get acquainted.

For the U.S., the trip is fundamentally about the recovery of trade with Brazil, the world’s eighth largest economy. For more than a hundred years the United States has been Brazil’s most important trading partner, but recently China has taken over that position in regard to Brazilian exports.

Dilma welcomes Obama at the Palacio Planalto, photo courtesy of Renato Araújo/ABr
Dilma welcomes Obama at the Palácio do Planalto, photo courtesy of Renato Araújo/ABr.

For Rousseff the main goal of Obama’s visit is to gain American support for Brazil’s permanent seat on the United Nations Security Council. Support from the U.S. government is fundamental for Brazil, especially after the stand off on Iran, where Brazil refused to vote for more UN-sanctions.

Rousseff will not be following Lula’s footsteps in this aspect, as her personal story of torture and imprisonment during Brazil’s dictatorship has given her a stronger stance on human rights. While America has welcomed that shift, they appear to be leaning more towards supporting India for the permanent seat.

The two presidents signed ten agreements of cooperation in the areas of bio-energy, aviation, labor and big sports events. Both leaders believe in expanding opportunities for cooperation, especially in the areas of sustainable energy, technology and trade. “The United States wants to be a client of clean Brazilian energy,” Obama said in statements to the press after their meeting.

Obama and Dilma during their joint statement at the Palacio Planalto, photo courtesy of José Cruz/ABr
Obama and Dilma during their joint statement at the Palácio do Planalto, photo courtesy of José Cruz/ABr.

Rousseff thanked Obama for his visit and stressed the symbolic meaning of this encounter between a female president and a Afro-descending president. “It shows that societies can overcome barriers,” said Rousseff.

Obama planned to address the people of Rio de Janeiro at the Cinelândia square in the center of the city on Sunday, but the public appearance was canceled early Friday. The large crowds expected exceeded the original plans, and security efforts became unmanageable, a source from the U.S. military in Rio speculated.

On Friday morning, the American embassy announced, “Due to a number of concerns about staging the event outdoors, the most practical course is to hold the President’s speech inside,” a statement from the American Embassy read.

Obama will now speak on Sunday afternoon at the Theatro Municipal for a selected group of 2,200 invites. He is still expected to visit Christ the Redeemer in the morning, then to Cidade de Deus (City of God) favela Sunday morning. After Brazil, Obama travels to Chile. His third and final stop is in El Salvador.

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