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Monday, April 11, 2011

US Investment in Brazil | Obelisk International

News by Obelisk International - President Obama’s recent visit to Brazil has confirmed the country as a top priority for US investments. Brazil’s growing importance on the world stage was also highlighted on the visit.

In his first visit to Latin America, Obama emphasised Brazil’s presence and economic power in the region. “The United States doesn’t simply recognize Brazil’s rise, we support it enthusiastically,” Obama said at a press conference during the visit. With US$198 billion in the US Treasury, Brazil is its fourth largest creditor. Brazil is also an important trade partner and US exports to Brazil have more than doubled since 2005.

Talking about Brazil’s spectacular economic growth last year (7.5%) and its consolidated economic and international progress, Obama said that Brazil no longer needs to “wait for a better day”. For Obama, Brazil “is the country of the future no more. The people of Brazil should know the future has arrived. It is here now,” he said in Rio de Janeiro.

One of the objectives of Obama’s visit was to strengthen US Brazilian investment and during the US Premier’s visit, representatives signed numerous agreements. A trade and economic agreement was also reached to allow eventual non-tariff trade. An area of particular interest for US investment in Brazil is oil and the US is expected to be a key importer of Brazil’s black gold. “We want to be one of your best customers,” Obama said, referring to sales of Brazilian oil.

Along with oil, the forthcoming World Cup and Olympics are another focus of American investment in Brazil. Numerous entrepreneurs accompanied Obama to source opportunities within the US$200 billion investment in the infrastructure required for the two events.

Obama also referred to Brazil’s stable democratic system and cited it as model for North African and Middle Eastern countries currently striving to achieve democracy. Brazil “shows how democracy delivers both freedom and opportunity to its people,” the American President said.

But perhaps the clearest sign of Brazil’s coming of age as an established world power came when Obama stressed that Brazil and the US stand on equal footing. "As you confront the many challenges you still face at home as well as abroad, let us stand together as equal partners," Obama said.

For Obelisk International, Obama’s first visit to Brazil confirms two facts: firstly, that Brazil has achieved full international recognition and is now an indispensable player on the global economic and political scene. Secondly, Obelisk International believes that the visit confirms the potential for investment in Brazil – the huge US interest in Brazilian investments underlines the country’s investment prominence.

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