Morning Trade: ROUSSEFF GOES TO WASHINGTON
Morning Trade: ROUSSEFF GOES TO WASHINGTON
For President Dilma Rousseff, the visit is an opportunity to court U.S. investment to help restore Brazil’s flagging economy, comments COA’s Eric Farnsworth.
Obama and Brazilian President Dilma Rousseff are expected to discuss how to boost trade between the two largest economies in the Western Hemisphere when Rousseff visits Washington this week, administration and private-sector officials said.
“The two countries currently do $100 billion in trade … and that’s a doubling from just 10 years ago,” said Mark Feierstein, senior director for Western Hemisphere affairs at the National Security Council. “We think that we can double that trade again over the next 10 years, [and] what you’ll see out of this visit are steps that will take us in that direction.”
White House deputy national security adviser Ben Rhodes said Thursday not to expect any announcement that the two countries would launch free-trade negotiations, even though business groups in both countries have been exploring that possibility. But “there are things that can be done,” broadly and in individual sectors, to deepen the bilateral relationship, Rhodes said....
