The U.S. and Brazil must expand their trade relationship. Although there are significant differences between the two countries, especially in socioeconomic development, the similarities are clear: our size and enterprising spirits bring us together. For example, Brazil’s advancements in the field of alternative energy and the technological innovation that emerges from the U.S. may be the solution both governments have been seeking to further their own development.

The rise in commodity prices only underscores the need for urgency. Brazil must expand its domestic market for its increasing production of biofuels, for instance, while strengthening its research and development capacity. The U.S. needs business partners capable of providing reliable and secure energy. Brazil’s alternative fuel technology, as well as its growing crude oil production in an area free of military conflicts make it an ideal partner.

The biofuel issue is emblematic...

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Jorge Gerdau Johannpeter is chairman of the Gerdau Board of Directors.