Hopes US-Brazil Summit Will Boost Travel

April 6, 2012

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US companies hope a White House meeting on Monday between President Barack Obama and Brazilian President Dilma Rousseff will spark an economic relationship seen performing below its potential and lay the groundwork for future trade talks.

"We for a long time at the US Chamber (of Commerce) have felt that we need to have much more bold and ambitious agenda with Brazil," Jodi Bond, the business group's vice president for the Americas, told reporters.

Brazil is the second largest economy in the Western Hemisphere and the sixth largest economy in the world, but only the eighth largest US trading partner.

US business hopes Rousseff's visit will prompt action by both countries to loosen visa restrictions that impede business and tourist travel, and increase cooperation in areas such as civilian aviation, Bond said.