Monday, March 21, 2011
Obama in Brazil: "We want to be your best customer"
President Obama wrapped up his official visit to Brazil yesterday by signing 10 new trade agreements, cementing America's commitment to Latin America's largest economy. The agreements covered a wide-range of policy issues, ranging from the removal of non-tariff trade barriers, to expansions in educational exchanges, to the joint development of aviation biofuels. These new agreements aim to further bolster economic relations between two nations that have already benefitted from a strengthening of ties within the last decade. For example, American exports to Brazil have more than doubled in the past five years. And, inversely, Brazil has become the fourth-biggest U.S. creditor as it now holds $198 billion in Treasuries. I personally believe that the United States should work to establish Brazil as their biggest ally in Latin America. Brazil's $2.2 trillion economy grew by 7.5% last year, propelling a neighbor from America's own backyard to the forefront of the world's upcoming economic powers. As such, the United States should jump on every occasion to build their relationship with Brazil and harness their growing economic clout.
Subscribe to:
Post Comments (Atom)
3 comments:
brazil is known to be one of the more stable economies in the south american region. they are a growing economy and they are beginning to expand there internal investment so that they continue to grow. these contracts should end up benefiting the U.S. in the long run. this will also help the U.S. continue our good relationship with Brazil.
Brazil might become the biggest trading partner of U.S in the future. As China's product is getting more expensive, new market should be found to replace it. Brazil and India are good choices. Besides, Brazil has the best economy in Latin America, and it is a potential ally of U.S.
Hopefully these new trade agreements will lead to continued growth and a spreading of economic stability within the region. With the U.S. and Brazil becoming such strong trading partners that puts a strong economic ally in a region where many countries like Venezuela have taken political issue with the U.S., so hopefully this agreements could expand not only economic boundaries, but also open up neighboring countries to political dialogue.
Post a Comment