IBOV 177,632 ▲ 2.83% IPSA 11,032 ▲ 0.06% IPC MEX 66,585 ▲ 0.72% MERVAL 3,273,739 ▲ 2.22% COLCAP 2,294.20 ▲ 0.06% BVL PERÚ 56,194.27 ▲ 1.10% USD/BRL5.11▼ 0.17% USD/MXN17.48▼ 0.38% USD/CLP924.85▼ 0.31% USD/COP3,239▼ 3.11% USD/PEN3.39▼ 0.30% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.81% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.11% BRENT 76.10 ▼ 0.26% WTI 71.56 ▼ 0.72% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.05% GOLD 4,108 ▼ 0.54% SILVER 60.03 ▼ 0.58% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.25 ▼ 0.79% PETR4 39.52 ▲ 0.79% VALE3 74.49 ▲ 1.83% ITUB4 44.17 ▲ 3.71% BBDC4 18.78 ▲ 4.33% ABEV3 15.88 ▲ 1.02% BBAS3 20.59 ▲ 2.95% B3SA3 15.45 ▲ 4.46% WEGE3 46.59 ▲ 1.86% PRIO3 55.40 ▼ 0.38% SUZB3 41.44 ▲ 1.00% RENT3 41.11 ▲ 4.34% AZZA3 19.27 ▲ 4.39% CSAN3 4.04 ▲ 4.66% RAIZ4 0.35 ▼ 5.41% PCAR3 2.79 ▲ 1.09% GMAT3 3.96 ▲ 0.76% PSSA3 54.73 ▲ 2.59% CVCB3 1.25 — 0.00% POSI3 4.00 ▲ 3.90% SLCE3 14.05 ▲ 1.89% NATU3 8.56 ▲ 1.18% BRKM5 6.60 ▲ 3.77% RANI3 8.03 ▲ 2.16% CSNA3 5.18 ▲ 7.92% CMIN3 5.11 ▲ 5.80% USIM5 8.44 ▲ 1.08% GGBR4 22.96 ▲ 2.14% ENEV3 27.26 ▲ 4.05% CPFE3 47.65 ▲ 2.94% CMIG4 11.33 ▲ 2.26% EQTL3 40.83 ▲ 3.34% LREN3 14.74 ▲ 4.17% VIVT3 35.57 ▲ 3.10% RAIL3 14.16 ▲ 2.98% KLABIN 17.48 ▲ 0.46% RAIA DROGASIL 18.91 ▲ 4.30% RDOR3 36.07 ▲ 2.62% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.28 ▲ 1.43% UGPA3 30.62 ▲ 1.73% VBBR3 32.81 ▲ 2.21% BBSE3 40.35 ▲ 2.72% BPAC11 58.58 ▲ 5.21% CURY3 34.19 ▲ 4.56% AERI3 2.08 ▲ 0.97% VIVARA 23.52 ▲ 4.16% COMPASS 25.15 ▲ 1.90% VAMOS 3.08 ▲ 4.05% SANB11 27.41 ▲ 4.42% ASAI3 8.87 ▲ 4.85% SBSP3 30.97 ▲ 3.23% WALMEX 49.39 ▲ 0.75% GMEXICO 198.51 ▲ 1.62% FEMSA 223.11 ▲ 0.33% CEMEX 21.87 ▲ 0.74% GFNORTE 187.86 ▲ 1.35% BIMBO 56.00 ▲ 0.13% TELEVISA 9.75 ▲ 2.74% AMX 22.80 ▲ 0.71% GAP 414.63 ▲ 0.22% ASUR 287.03 ▲ 1.21% OMA 236.99 ▼ 0.42% KOF 181.37 ▲ 0.26% GRUMA 283.01 ▲ 0.26% KIMBER 38.19 ▼ 0.65% SQM-B 68,145 ▼ 1.38% COPEC 6,094 ▲ 1.22% BSANTANDER 78.31 ▲ 1.05% FALABELLA 5,898 ▲ 0.81% ENELAM 85.11 ▲ 1.13% CENCOSUD 2,035 ▼ 1.05% CMPC 1,107 ▲ 1.12% BANCO CHILE 188.05 ▲ 0.56% LATAM AIR 26.40 — 0.00% YPF 74,200 ▼ 2.08% GGAL 8,350 ▲ 5.96% PAMPA 5,175 ▼ 0.58% TXAR 669.50 ▲ 0.75% ALUAR 978.00 ▲ 0.98% TGS 9,550 ▲ 2.58% CEPU 2,357 ▲ 1.81% MIRGOR 17,075 ▼ 0.73% COME 45.93 ▲ 1.12% LOMA NEGRA 3,568 ▲ 2.00% BYMA 313.75 ▲ 1.29% TELECOM ARG 4,225 ▲ 2.55% ECOPETROL 15.51 ▲ 0.78% BANCOLOMBIA 83.35 ▲ 2.99% GRUPO AVAL 5.10 ▲ 1.68% CREDICORP 401.62 ▲ 2.48% SOUTHERN COPPER 176.22 ▲ 1.02% BUENAVENTURA 30.12 ▲ 1.93% MERCADOLIBRE 1,877 ▲ 3.80% NUBANK 13.90 ▲ 1.65% XP 17.02 ▲ 3.72% PAGSEGURO 9.31 ▲ 3.39% STONE 11.26 ▲ 2.69% GLOBANT 30.11 ▼ 3.77% TECNOGLASS 44.20 ▲ 2.45% GAP AIRPORT 237.28 ▲ 1.20% ASUR 287.03 ▲ 1.21% OMA AIRPORT 108.28 ▼ 0.05% AMX ADR 25.95 ▲ 0.43% FEMSA ADR 127.63 ▲ 0.50% CEMEX ADR 12.50 ▲ 1.05% PETROBRAS ADR 17.19 ▲ 0.91% VALE ADR 14.54 ▲ 2.25% ITAU ADR 8.65 ▲ 4.41% SANTANDER BR 5.41 ▲ 5.16% AMBEV ADR 3.09 ▲ 1.48% CSN 1.03 ▲ 7.36% GERDAU 4.51 ▲ 2.15% LATAM ADR 57.17 ▲ 0.23% BTC 63,784 ▲ 0.94% ETH 1,785 ▲ 2.35% SOL 77.32 ▼ 0.93% XRP 1.10 ▲ 0.36% BNB 575.30 ▲ 1.20% ADA 0.17 ▼ 0.25% DOGE 0.07 ▲ 1.17% AVAX 6.72 ▲ 0.56% LINK 7.90 ▲ 2.16% DOT 0.87 ▲ 5.44% LTC 44.40 ▲ 1.45% BCH 246.11 ▲ 3.51% TRX 0.33 ▼ 0.54% XLM 0.19 ▲ 2.02% HBAR 0.07 ▼ 0.25% NEAR 1.87 ▼ 2.37% ATOM 1.58 ▲ 2.01% AAVE 95.38 ▲ 4.52% SELIC 14.25% EMBRAER 85.03 ▲ 1.40% EMBRAER ADR 66.49 ▲ 1.44% JBS 11.92 ▲ 1.58% JBS BDR 60.78 ▲ 1.22% MBRF3 15.52 ▲ 0.71% MBRFY 3.03 ▲ 1.00% INTER 5.87 ▲ 2.80% EGX 52,312 ▲ 0.54% USD/ZAR16.30▼ 0.14% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.68▼ 0.43% USD/CNY6.76▼ 0.43% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD1.14▼ 0.11% GBP/USD1.34▲ 0.01% SPX 7,571 ▲ 0.36% DJI 52,661 ▲ 0.33% NDX 29,832 ▲ 0.35% RUT 2,982 ▼ 0.34% TSX 35,269 ▲ 0.19% VIX 15.34 ▼ 3.16% USD/CAD1.42▼ 0.13% US10Y 4.5650 ▲ 0.57% IBOV 177,632 ▲ 2.83% IPSA 11,032 ▲ 0.06% IPC MEX 66,585 ▲ 0.72% MERVAL 3,273,739 ▲ 2.22% COLCAP 2,294.20 ▲ 0.06% BVL PERÚ 56,194.27 ▲ 1.10% USD/BRL 5.11 ▼ 0.17% USD/MXN 17.48 ▼ 0.38% USD/CLP 924.85 ▼ 0.31% USD/COP 3,239 ▼ 3.11% USD/PEN 3.39 ▼ 0.30% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.81% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.10% BRENT 76.10 ▼ 0.26% WTI 71.56 ▼ 0.72% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.05% GOLD 4,108 ▼ 0.54% SILVER 60.03 ▼ 0.58% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.25 ▼ 0.79% PETR4 39.52 ▲ 0.79% VALE3 74.49 ▲ 1.83% ITUB4 44.17 ▲ 3.71% BBDC4 18.78 ▲ 4.33% ABEV3 15.88 ▲ 1.02% BBAS3 20.59 ▲ 2.95% B3SA3 15.45 ▲ 4.46% WEGE3 46.59 ▲ 1.86% PRIO3 55.40 ▼ 0.38% SUZB3 41.44 ▲ 1.00% RENT3 41.11 ▲ 4.34% AZZA3 19.27 ▲ 4.39% CSAN3 4.04 ▲ 4.66% RAIZ4 0.35 ▼ 5.41% PCAR3 2.79 ▲ 1.09% GMAT3 3.96 ▲ 0.76% PSSA3 54.73 ▲ 2.59% CVCB3 1.25 — 0.00% POSI3 4.00 ▲ 3.90% SLCE3 14.05 ▲ 1.89% NATU3 8.56 ▲ 1.18% BRKM5 6.60 ▲ 3.77% RANI3 8.03 ▲ 2.16% CSNA3 5.18 ▲ 7.92% CMIN3 5.11 ▲ 5.80% USIM5 8.44 ▲ 1.08% GGBR4 22.96 ▲ 2.14% ENEV3 27.26 ▲ 4.05% CPFE3 47.65 ▲ 2.94% CMIG4 11.33 ▲ 2.26% EQTL3 40.83 ▲ 3.34% LREN3 14.74 ▲ 4.17% VIVT3 35.57 ▲ 3.10% RAIL3 14.16 ▲ 2.98% KLABIN 17.48 ▲ 0.46% RAIA DROGASIL 18.91 ▲ 4.30% RDOR3 36.07 ▲ 2.62% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.28 ▲ 1.43% UGPA3 30.62 ▲ 1.73% VBBR3 32.81 ▲ 2.21% BBSE3 40.35 ▲ 2.72% BPAC11 58.58 ▲ 5.21% CURY3 34.19 ▲ 4.56% AERI3 2.08 ▲ 0.97% VIVARA 23.52 ▲ 4.16% COMPASS 25.15 ▲ 1.90% VAMOS 3.08 ▲ 4.05% SANB11 27.41 ▲ 4.42% ASAI3 8.87 ▲ 4.85% SBSP3 30.97 ▲ 3.23% WALMEX 49.39 ▲ 0.75% GMEXICO 198.51 ▲ 1.62% FEMSA 223.11 ▲ 0.33% CEMEX 21.87 ▲ 0.74% GFNORTE 187.86 ▲ 1.35% BIMBO 56.00 ▲ 0.13% TELEVISA 9.75 ▲ 2.74% AMX 22.80 ▲ 0.71% GAP 414.63 ▲ 0.22% ASUR 287.03 ▲ 1.21% OMA 236.99 ▼ 0.42% KOF 181.37 ▲ 0.26% GRUMA 283.01 ▲ 0.26% KIMBER 38.19 ▼ 0.65% SQM-B 68,145 ▼ 1.38% COPEC 6,094 ▲ 1.22% BSANTANDER 78.31 ▲ 1.05% FALABELLA 5,898 ▲ 0.81% ENELAM 85.11 ▲ 1.13% CENCOSUD 2,035 ▼ 1.05% CMPC 1,107 ▲ 1.12% BANCO CHILE 188.05 ▲ 0.56% LATAM AIR 26.40 — 0.00% YPF 74,200 ▼ 2.08% GGAL 8,350 ▲ 5.96% PAMPA 5,175 ▼ 0.58% TXAR 669.50 ▲ 0.75% ALUAR 978.00 ▲ 0.98% TGS 9,550 ▲ 2.58% CEPU 2,357 ▲ 1.81% MIRGOR 17,075 ▼ 0.73% COME 45.93 ▲ 1.12% LOMA NEGRA 3,568 ▲ 2.00% BYMA 313.75 ▲ 1.29% TELECOM ARG 4,225 ▲ 2.55% ECOPETROL 15.51 ▲ 0.78% BANCOLOMBIA 83.35 ▲ 2.99% GRUPO AVAL 5.10 ▲ 1.68% CREDICORP 401.62 ▲ 2.48% SOUTHERN COPPER 176.22 ▲ 1.02% BUENAVENTURA 30.12 ▲ 1.93% MERCADOLIBRE 1,877 ▲ 3.80% NUBANK 13.90 ▲ 1.65% XP 17.02 ▲ 3.72% PAGSEGURO 9.31 ▲ 3.39% STONE 11.26 ▲ 2.69% GLOBANT 30.11 ▼ 3.77% TECNOGLASS 44.20 ▲ 2.45% GAP AIRPORT 237.28 ▲ 1.20% ASUR 287.03 ▲ 1.21% OMA AIRPORT 108.28 ▼ 0.05% AMX ADR 25.95 ▲ 0.43% FEMSA ADR 127.63 ▲ 0.50% CEMEX ADR 12.50 ▲ 1.05% PETROBRAS ADR 17.19 ▲ 0.91% VALE ADR 14.54 ▲ 2.25% ITAU ADR 8.65 ▲ 4.41% SANTANDER BR 5.41 ▲ 5.16% AMBEV ADR 3.09 ▲ 1.48% CSN 1.03 ▲ 7.36% GERDAU 4.51 ▲ 2.15% LATAM ADR 57.17 ▲ 0.23% BTC 63,784 ▲ 0.94% ETH 1,785 ▲ 2.35% SOL 77.32 ▼ 0.93% XRP 1.10 ▲ 0.36% BNB 575.30 ▲ 1.20% ADA 0.17 ▼ 0.25% DOGE 0.07 ▲ 1.17% AVAX 6.72 ▲ 0.56% LINK 7.90 ▲ 2.16% DOT 0.87 ▲ 5.44% LTC 44.40 ▲ 1.45% BCH 246.11 ▲ 3.51% TRX 0.33 ▼ 0.54% XLM 0.19 ▲ 2.02% HBAR 0.07 ▼ 0.25% NEAR 1.87 ▼ 2.37% ATOM 1.58 ▲ 2.01% AAVE 95.38 ▲ 4.52% SELIC 14.25% EMBRAER 85.03 ▲ 1.40% EMBRAER ADR 66.49 ▲ 1.44% JBS 11.92 ▲ 1.58% JBS BDR 60.78 ▲ 1.22% MBRF3 15.52 ▲ 0.71% MBRFY 3.03 ▲ 1.00% INTER 5.87 ▲ 2.80% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.04% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.70 ▼ 0.40% USD/CNY 6.7638 ▼ 0.41% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1418 ▼ 0.14% GBP/USD 1.3398 ▼ 0.04% SPX 7,571 ▲ 0.36% DJI 52,661 ▲ 0.33% NDX 29,832 ▲ 0.35% RUT 2,982 ▼ 0.34% TSX 35,269 ▲ 0.19% VIX 15.34 ▼ 3.16% USD/CAD 1.4148 ▼ 0.13% US10Y 4.5650 ▲ 0.57%
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Latin America Politics - Brazil

Brazil 2013 Foreign Policy Outlook

By · January 1, 2013 · 3 min read

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By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Six of Brazilian President Dilma Rousseff’s overseas trips in 2013 have already been announced and appear to show greater attention to Africa and the BRICS group of emerging nations. As with the fifteen countries she visited in 2012, there will be a clear focus on economics with potential import-export deals invariably topping her 2013 agenda.

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President Rousseff's visit to Russia in December 2012
President Rousseff’s visit to Russia in December 2012 will hopefully open the gates to stronger trade agreement, photo by Roberto Stuckert Filho/PR.
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Nearly half of President Rousseff’s trips were made to Latin American countries in 2012. She oversaw the Mercosur economic bloc as it gained two members – Venezuela and Bolivia – and also suspended Paraguay.

Yet Rousseff made almost as many trips to Europe – most notably to Spain to hash out a raft of business deals, as well as a December trip to Russia in the face a ban on imports of meat, the main Brazilian export to Russia.

President Rousseff also traveled to the United Kingdom for the Olympics – the finale of which saw Brazil handed the baton as 2016 Olympic host nation.

The visits cement Brazil’s position as chief bridge nation between Latin America and Europe and, as if to underline this, the president’s first trip of 2013 will be to the Chilean capital, Santiago, for a joint summit of the Latin American and Caribbean States Community (CELAC) and the European Union, aiming to facilitate trade between the two regions.

The president will also travel to the United States to continue the established tradition of the Brazilian leader giving the opening speech at the UN General Assembly. Despite Brazil’s affiliation with the BRICS (Brazil, Russia, India, China, South Africa) group, the president made just one journey to Asia and none to Africa.

Brazilian President Dilma Rousseff in Mozambique in 2011, Africa, Brazil News
Rousseff visited three African countries in 2011 (pictured in Mozambique), and although missed in 2012, 2013 will see at least two visits, photo by Roberto Stuckert Filho/PR.

However, both regions are slated to feature more prominently in 2013: the president is set to travel to Africa in February to take part in the Africa-South America Summit in Equatorial Guinea. 

At the end of March, BRICS leaders will gather in South Africa for the bloc’s annual summit; Rousseff is also expected to travel separately to India, and also to Russia in September to represent Brazil at the G20 Summit of the world’s twenty leading economies.

After recent years saw frenzied interest around Brazil’s booming economy, the outgoing year was dominated, both domestically and internationally, by speculation over whether Brazil would be able to get back to growth, and whether momentum had be lost from its financial system.

President Rousseff and Finance Minister Guido Mantega have been extremely defensive of Brazil’s policies to stimulate growth, but other nations have criticized Brazil for being overly protectionist.

For its part, Brazil has continually called on “rich countries” (Brazil’s position as the world’s sixth largest economy not-withstanding) to do more to get their economies back to sustained growth, singling out in particular those countries implementing quantitative easing, such as the U.S., for harsh criticism.

It was also a year when the Brazilian economy itself went through a significant downturn in its own financial fortunes, with GDP growth estimated at 1.0-1.5 percent – a far cry from the 7.5 percent growth seen in 2010. The government has remained optimistic however that growth of at least four percent can be achieved after such a dismal 2012; this will prove a key point of interest for economists and commentators alike in 2013.

The new year appears to be one when Brazil returns interest to African nations and also starts making greater inroads on other parts of Asia, as demand from China dropped in 2012. However, Europe will undoubtedly remain of critical interest to Brazil, as many of its nations remain in dire economic straits and have a direct impact on the Brazilian economy.

With Brazil’s importance on the world stage increasing, and President Rousseff now one of the most powerful voices in the world, commentators say more attention is now being paid to Brazil’s foreign policy, and equally the Brazilian government is having to be more conscious than ever over the destinations of president’s overseas visits.

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