IBOV 171,259 ▲ 0.52% IPSA 10,770 ▼ 1.21% IPC MEX 66,848 ▼ 0.41% MERVAL 3,248,428 ▼ 0.89% COLCAP 2,347.07 ▼ 1.93% BVL PERÚ 57,045.35 ▼ 0.46% USD/BRL5.18▲ 0.78% USD/MXN17.55▲ 0.98% USD/CLP913.39▲ 0.76% USD/COP3,417▼ 0.82% USD/PEN3.39▲ 0.07% USD/ARS1,471▲ 0.62% USD/UYU39.91▲ 1.23% USD/PYG6,064▲ 0.60% USD/BOB6.86▲ 1.93% USD/DOP58.10▲ 0.60% USD/CRC452.10▲ 2.42% USD/GTQ7.62▲ 2.31% USD/HNL26.68▲ 1.40% USD/NIO36.62▲ 0.72% USD/VES619.98▲ 5.68% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.69▲ 0.16% USD/TTD6.69▲ 0.58% EUR/BRL5.89▼ 0.03% BRENT 76.69 ▼ 1.55% WTI 72.84 ▼ 2.65% IRON ORE 161.91 — — COPPER 6.12 ▼ 3.77% GOLD 4,092 ▼ 2.14% SILVER 61.51 ▼ 6.14% SOY 1,145 ▲ 2.60% CORN 438.00 ▲ 6.44% WHEAT 596.75 ▼ 0.13% COFFEE 275.75 ▼ 0.45% SUGAR 13.93 ▲ 4.34% ORANGE JUICE 151.05 ▼ 2.30% COTTON 78.50 ▲ 4.37% COCOA 4,661 ▲ 3.01% BEEF 246.05 ▼ 3.82% CATTLE 368.28 ▼ 0.58% LITHIUM 78.43 ▼ 5.01% PETR4 39.33 ▲ 0.41% VALE3 79.38 ▼ 1.89% ITUB4 41.05 ▲ 0.27% BBDC4 17.84 ▲ 0.91% ABEV3 16.37 ▲ 1.52% BBAS3 19.86 ▲ 1.43% B3SA3 14.72 ▲ 0.14% WEGE3 45.71 ▲ 1.02% PRIO3 56.10 ▼ 1.02% SUZB3 41.95 ▼ 0.21% RENT3 41.78 ▲ 2.35% AZZA3 20.10 ▲ 3.61% CSAN3 3.75 ▲ 2.74% RAIZ4 0.42 — 0.00% PCAR3 2.08 ▲ 1.96% GMAT3 3.84 ▲ 1.32% PSSA3 52.19 ▼ 1.02% CVCB3 1.32 ▲ 4.76% POSI3 3.86 ▼ 1.03% SLCE3 13.46 ▲ 0.30% NATU3 7.72 ▲ 0.65% BRKM5 7.60 ▲ 2.29% RANI3 7.63 ▼ 0.65% CSNA3 5.27 ▼ 1.31% CMIN3 4.28 ▼ 0.47% USIM5 8.66 ▼ 4.94% GGBR4 21.70 ▼ 0.91% ENEV3 25.20 ▲ 2.31% NEOE3 33.80 — 0.00% CPFE3 44.12 ▼ 0.56% CMIG4 10.99 ▲ 0.46% EQTL3 38.20 ▲ 1.46% LREN3 14.54 ▲ 1.04% VIVT3 34.28 ▲ 2.21% RAIL3 12.90 ▲ 3.45% KLABIN 16.81 ▼ 0.71% RAIA DROGASIL 17.00 ▲ 1.25% RDOR3 34.34 ▲ 1.51% HAPV3 10.28 ▼ 3.11% FLRY3 15.07 ▲ 0.67% SMTO3 14.77 ▲ 1.16% UGPA3 25.49 ▲ 1.07% VBBR3 29.39 ▼ 0.03% BBSE3 38.27 ▼ 0.93% BPAC11 52.80 ▲ 1.13% CURY3 34.33 ▲ 1.36% AERI3 2.13 ▼ 1.39% VIVARA 21.88 ▲ 4.64% COMPASS 25.10 ▲ 2.57% VAMOS 2.81 ▲ 2.18% SANB11 26.75 ▼ 0.74% ASAI3 7.94 ▲ 3.12% SBSP3 28.16 ▲ 0.90% WALMEX 50.68 ▲ 0.22% GMEXICO 206.10 ▼ 1.87% FEMSA 223.29 ▲ 2.70% CEMEX 21.37 ▼ 1.79% GFNORTE 184.55 ▼ 1.77% BIMBO 56.02 ▼ 0.36% TELEVISA 9.50 — 0.00% AMX 22.74 ▲ 0.35% GAP 426.86 ▼ 1.15% ASUR 296.01 ▼ 1.41% OMA 235.06 ▼ 1.00% KOF 188.09 ▲ 1.68% GRUMA 280.58 ▼ 1.13% KIMBER 37.17 ▼ 0.83% SQM-B 70,150 ▼ 1.41% COPEC 5,967 ▼ 0.22% BSANTANDER 73.00 ▼ 2.58% FALABELLA 5,686 ▼ 3.61% ENELAM 82.80 ▼ 0.72% CENCOSUD 2,159 ▼ 0.05% CMPC 1,043 ▼ 0.48% BANCO CHILE 178.10 ▼ 2.14% LATAM AIR 25.35 ▼ 0.08% YPF 74,700 ▼ 1.06% GGAL 7,960 ▼ 2.51% PAMPA 5,120 ▼ 0.97% TXAR 681.00 ▲ 2.79% ALUAR 1,033 ▲ 2.68% TGS 9,460 ▼ 2.12% CEPU 2,345 ▼ 1.39% MIRGOR 16,425 ▲ 0.15% COME 44.24 ▼ 0.81% LOMA NEGRA 3,810 ▲ 5.03% BYMA 318.50 ▲ 0.32% TELECOM ARG 4,025 ▼ 0.80% ECOPETROL 15.51 ▼ 4.55% BANCOLOMBIA 80.97 ▼ 0.38% GRUPO AVAL 5.31 ▼ 0.56% CREDICORP 368.77 ▼ 3.10% SOUTHERN COPPER 178.57 ▼ 5.97% BUENAVENTURA 31.00 ▼ 4.35% MERCADOLIBRE 1,584 ▼ 0.36% NUBANK 12.59 ▼ 1.56% XP 15.72 ▼ 1.69% PAGSEGURO 8.76 ▼ 0.57% STONE 10.72 ▼ 0.19% GLOBANT 29.28 ▼ 2.30% TECNOGLASS 45.38 ▼ 1.71% GAP AIRPORT 244.10 ▼ 1.94% ASUR 296.01 ▼ 1.41% OMA AIRPORT 107.66 ▼ 1.83% AMX ADR 25.85 ▼ 0.88% FEMSA ADR 127.11 ▲ 1.56% CEMEX ADR 12.16 ▼ 3.34% PETROBRAS ADR 17.03 ▲ 0.12% VALE ADR 15.31 ▼ 2.55% ITAU ADR 7.94 ▲ 0.13% SANTANDER BR 5.26 ▼ 0.94% AMBEV ADR 3.17 ▲ 0.80% CSN 1.04 ▼ 0.95% GERDAU 4.17 ▼ 1.88% LATAM ADR 55.74 ▲ 0.02% BTC 62,679 ▼ 1.99% ETH 1,666 ▼ 3.53% SOL 69.64 ▼ 3.15% XRP 1.11 ▼ 1.95% BNB 577.92 ▼ 2.03% ADA 0.15 ▼ 3.74% DOGE 0.08 ▼ 3.98% AVAX 6.42 ▲ 3.01% LINK 7.61 ▼ 3.28% DOT 0.91 ▼ 2.67% LTC 42.02 ▼ 5.66% BCH 194.95 ▼ 1.17% TRX 0.33 ▼ 1.53% XLM 0.19 ▼ 4.62% HBAR 0.08 ▼ 1.14% NEAR 1.97 ▼ 4.69% ATOM 1.72 ▼ 4.12% AAVE 72.04 ▼ 4.00% SELIC 14.25% EMBRAER 78.80 ▲ 0.59% EMBRAER ADR 61.08 ▲ 0.20% JBS 12.23 ▲ 2.60% JBS BDR 62.80 ▲ 1.45% MBRF3 16.80 ▲ 9.88% MBRFY 3.15 — 0.00% INTER 5.33 ▼ 1.11% EGX 51,770 ▼ 1.55% USD/ZAR16.56▲ 0.90% USD/NGN 1,366 — 0.00% NIKKEI 69,702 ▼ 0.12% CSI300 4,931 ▲ 0.23% HSI 23,349 ▲ 0.06% NIFTY 23,824 ▼ 1.16% KOSPI 8,479 ▲ 3.35% JCI 6,109 ▲ 0.12% USD/JPY161.55▼ 0.01% USD/CNY6.79▲ 0.23% DAX 24,894 ▼ 0.98% CAC 8,341 ▼ 0.71% FTSE 10,429 ▼ 0.09% MIB 52,024 ▼ 1.56% IBEX 19,477 ▼ 0.34% STOXX 634.63 ▼ 0.73% EUR/USD1.14▼ 0.45% GBP/USD 1.3203 — 0.00% SPX 7,365 ▼ 1.44% DJI 51,667 ▼ 0.09% NDX 29,347 ▼ 3.29% RUT 2,975 ▼ 0.14% TSX 34,927 ▼ 0.21% VIX 19.49 ▲ 18.84% USD/CAD1.42▲ 0.35% US10Y 4.4930 ▼ 0.35% IBOV 171,259 ▲ 0.52% IPSA 10,770 ▼ 1.21% IPC MEX 66,848 ▼ 0.41% MERVAL 3,248,428 ▼ 0.89% COLCAP 2,347.07 ▼ 1.93% BVL PERÚ 57,045.35 ▼ 0.46% USD/BRL 5.18 ▲ 0.78% USD/MXN 17.55 ▲ 0.98% USD/CLP 913.39 ▲ 0.76% USD/COP 3,417 ▼ 0.82% USD/PEN 3.39 ▲ 0.07% USD/ARS 1,471 ▲ 0.62% USD/UYU 39.91 ▲ 1.23% USD/PYG 6,064 ▲ 0.60% USD/BOB 6.86 ▲ 1.93% USD/DOP 58.10 ▲ 0.60% USD/CRC 452.10 ▲ 2.42% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.68 ▲ 1.40% USD/NIO 36.62 ▲ 0.72% USD/VES 619.98 ▲ 5.68% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 155.98 ▼ 0.33% USD/TTD 6.69 ▲ 0.53% EUR/BRL 5.89 ▼ 0.02% BRENT 76.69 ▼ 1.55% WTI 72.84 ▼ 2.65% IRON ORE 161.91 — — COPPER 6.12 ▼ 3.77% GOLD 4,092 ▼ 2.14% SILVER 61.51 ▼ 6.14% SOY 1,145 ▲ 2.60% CORN 438.00 ▲ 6.44% WHEAT 596.75 ▼ 0.13% COFFEE 275.75 ▼ 0.45% SUGAR 13.93 ▲ 4.34% ORANGE JUICE 151.05 ▼ 2.30% COTTON 78.50 ▲ 4.37% COCOA 4,661 ▲ 3.01% BEEF 246.05 ▼ 3.82% CATTLE 368.28 ▼ 0.58% LITHIUM 78.43 ▼ 5.01% PETR4 39.33 ▲ 0.41% VALE3 79.38 ▼ 1.89% ITUB4 41.05 ▲ 0.27% BBDC4 17.84 ▲ 0.91% ABEV3 16.37 ▲ 1.52% BBAS3 19.86 ▲ 1.43% B3SA3 14.72 ▲ 0.14% WEGE3 45.71 ▲ 1.02% PRIO3 56.10 ▼ 1.02% SUZB3 41.95 ▼ 0.21% RENT3 41.78 ▲ 2.35% AZZA3 20.10 ▲ 3.61% CSAN3 3.75 ▲ 2.74% RAIZ4 0.42 — 0.00% PCAR3 2.08 ▲ 1.96% GMAT3 3.84 ▲ 1.32% PSSA3 52.19 ▼ 1.02% CVCB3 1.32 ▲ 4.76% POSI3 3.86 ▼ 1.03% SLCE3 13.46 ▲ 0.30% NATU3 7.72 ▲ 0.65% BRKM5 7.60 ▲ 2.29% RANI3 7.63 ▼ 0.65% CSNA3 5.27 ▼ 1.31% CMIN3 4.28 ▼ 0.47% USIM5 8.66 ▼ 4.94% GGBR4 21.70 ▼ 0.91% ENEV3 25.20 ▲ 2.31% NEOE3 33.80 — 0.00% CPFE3 44.12 ▼ 0.56% CMIG4 10.99 ▲ 0.46% EQTL3 38.20 ▲ 1.46% LREN3 14.54 ▲ 1.04% VIVT3 34.28 ▲ 2.21% RAIL3 12.90 ▲ 3.45% KLABIN 16.81 ▼ 0.71% RAIA DROGASIL 17.00 ▲ 1.25% RDOR3 34.34 ▲ 1.51% HAPV3 10.28 ▼ 3.11% FLRY3 15.07 ▲ 0.67% SMTO3 14.77 ▲ 1.16% UGPA3 25.49 ▲ 1.07% VBBR3 29.39 ▼ 0.03% BBSE3 38.27 ▼ 0.93% BPAC11 52.80 ▲ 1.13% CURY3 34.33 ▲ 1.36% AERI3 2.13 ▼ 1.39% VIVARA 21.88 ▲ 4.64% COMPASS 25.10 ▲ 2.57% VAMOS 2.81 ▲ 2.18% SANB11 26.75 ▼ 0.74% ASAI3 7.94 ▲ 3.12% SBSP3 28.16 ▲ 0.90% WALMEX 50.68 ▲ 0.22% GMEXICO 206.10 ▼ 1.87% FEMSA 223.29 ▲ 2.70% CEMEX 21.37 ▼ 1.79% GFNORTE 184.55 ▼ 1.77% BIMBO 56.02 ▼ 0.36% TELEVISA 9.50 — 0.00% AMX 22.74 ▲ 0.35% GAP 426.86 ▼ 1.15% ASUR 296.01 ▼ 1.41% OMA 235.06 ▼ 1.00% KOF 188.09 ▲ 1.68% GRUMA 280.58 ▼ 1.13% KIMBER 37.17 ▼ 0.83% SQM-B 70,150 ▼ 1.41% COPEC 5,967 ▼ 0.22% BSANTANDER 73.00 ▼ 2.58% FALABELLA 5,686 ▼ 3.61% ENELAM 82.80 ▼ 0.72% CENCOSUD 2,159 ▼ 0.05% CMPC 1,043 ▼ 0.48% BANCO CHILE 178.10 ▼ 2.14% LATAM AIR 25.35 ▼ 0.08% YPF 74,700 ▼ 1.06% GGAL 7,960 ▼ 2.51% PAMPA 5,120 ▼ 0.97% TXAR 681.00 ▲ 2.79% ALUAR 1,033 ▲ 2.68% TGS 9,460 ▼ 2.12% CEPU 2,345 ▼ 1.39% MIRGOR 16,425 ▲ 0.15% COME 44.24 ▼ 0.81% LOMA NEGRA 3,810 ▲ 5.03% BYMA 318.50 ▲ 0.32% TELECOM ARG 4,025 ▼ 0.80% ECOPETROL 15.51 ▼ 4.55% BANCOLOMBIA 80.97 ▼ 0.38% GRUPO AVAL 5.31 ▼ 0.56% CREDICORP 368.77 ▼ 3.10% SOUTHERN COPPER 178.57 ▼ 5.97% BUENAVENTURA 31.00 ▼ 4.35% MERCADOLIBRE 1,584 ▼ 0.36% NUBANK 12.59 ▼ 1.56% XP 15.72 ▼ 1.69% PAGSEGURO 8.76 ▼ 0.57% STONE 10.72 ▼ 0.19% GLOBANT 29.28 ▼ 2.30% TECNOGLASS 45.38 ▼ 1.71% GAP AIRPORT 244.10 ▼ 1.94% ASUR 296.01 ▼ 1.41% OMA AIRPORT 107.66 ▼ 1.83% AMX ADR 25.85 ▼ 0.88% FEMSA ADR 127.11 ▲ 1.56% CEMEX ADR 12.16 ▼ 3.34% PETROBRAS ADR 17.03 ▲ 0.12% VALE ADR 15.31 ▼ 2.55% ITAU ADR 7.94 ▲ 0.13% SANTANDER BR 5.26 ▼ 0.94% AMBEV ADR 3.17 ▲ 0.80% CSN 1.04 ▼ 0.95% GERDAU 4.17 ▼ 1.88% LATAM ADR 55.74 ▲ 0.02% BTC 62,679 ▼ 1.99% ETH 1,666 ▼ 3.53% SOL 69.64 ▼ 3.15% XRP 1.11 ▼ 1.95% BNB 577.92 ▼ 2.03% ADA 0.15 ▼ 3.74% DOGE 0.08 ▼ 3.98% AVAX 6.42 ▲ 3.01% LINK 7.61 ▼ 3.28% DOT 0.91 ▼ 2.67% LTC 42.02 ▼ 5.66% BCH 194.95 ▼ 1.17% TRX 0.33 ▼ 1.53% XLM 0.19 ▼ 4.62% HBAR 0.08 ▼ 1.14% NEAR 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Latin America Local Politics

U.S. Vice President Biden Visits Brazil

By · May 28, 2013 · 3 min read

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By Ben Tavener, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Vice President of the United States, Joe Biden, is in Brazil this week, as part of a South American tour which also includes a visit to Colombia. The Vice President’s visit to Brazil is of the highest-ranking U.S. official since President Obama traveled to Brazil in 2011.

Vice President Joe Biden, Rio de Janeiro, Brazil News
U.S. Vice President Joe Biden is making his fourth trip to Latin America, photo by David Lienemann/Wikimedia Creative Commons License.
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Biden begins his three-day visit to Brazil in Rio on Wednesday where he will spend two full days meeting business figures, particularly from the energy sector. He will also meet with community leaders, including a visit to a pacified favela community.

Biden will meet President Dilma Rousseff and Vice President Michel Temer at the Planalto in Brasília on Friday, May 31st. An official statement said the Vice President looks forward to discussing “ways to deepen our economic and commercial partnerships and further our engagement on the broad array of bilateral, regional and global issues […].”

Speaking to Veja magazine ahead of the trip, Biden praised Latin America’s achievements in reducing poverty and noted the region was “experiencing a unique moment,” with “strong economic policies” making “a great contribution to the recovery of the global economy.”

The U.S. has made clear that it wishes to forge stronger ties with its partners in the Latin region through strong trade and investment. Recently, U.S. oil companies ExxonMobil and Chevron bought stakes in Brazil’s 11th oil and gas auction, signaling a return for the companies to Brazil.

Some commentators are suggesting that Vice President Biden’s visit to Brazil will act as a precursor to a state visit by Brazilian President Dilma Rousseff to the U.S. later this year; despite various unofficial visits by Brazilian leaders it would be the first state visit in almost twenty years.

Dilma welcomes Obama at the Palacio Planalto, Rio de Janeiro, Brazil News
Vice President Biden’s visit to Brazil is seen as the most important for U.S.-Brazil relations since that of President Obama in 2011, photo by Renato Araújo/ABr.

Commentators say that both regions want to seize on opportunities missed in the past. Brazil, for its part, has been accused of focusing too close to home, particularly on Mercosur, in terms of trade agreements in recent years.

U.S.-Brazil trade is reported to have totaled about US$59 billion in 2012, but Brazil has remained relatively closed to imports. Brazil’s 200 million-strong population is seen as a big potential growth market for U.S. companies.

Julia Sweig, Nelson and David Rockefeller Senior Fellow for Latin America and Director for Latin America Studies, writing in Folha de S.Paulo, blames “a lack of ambition” for hampering success between the two nations. Biden’s visit will focus on ways to promote strong economic growth, create more middle class jobs and work out a “China strategy,” she believes.

American business consultant and radio host Tom Reaoch says that the timing of Biden’s visit is key and that both sides will try to capitalize on it: “The U.S. wants to have influence in Brazil, which it sees as maturing and commanding a more influential position worldwide. Brazil needs more business from the U.S. and will gain expertise on security for its upcoming mega-events,” he tells The Rio Times.

Mr. Reaoch also believes the visit will act as a reaffirming of relations after President Obama’s re-election and with a new Secretary of State, John Kerry, now in place. Some predicting Brazil’s new global voice and neutral stance on international conflicts means there is also a chance the U.S. will support Brazil having a seat on a reformed UN Security Council – something Brazil has long sought.

Analysts say this fourth visit by Biden to Latin America as Vice President builds upon President Obama’s recent visit to Mexico and Costa Rica. The White House has also announced visits to the U.S. by the Peruvian President Ollanta Humana and Chilean President Sebastián Piñera in June this year.

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