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Latino Daily News

Wednesday May 29, 2013

Biden Looking to Increase U.S.-Brazil Relations

Biden Looking to Increase U.S.-Brazil Relations

Photo: Joe Biden

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U.S. Vice President Joe Biden on Wednesday in Brazil expressed his country’s wish to broaden ties with Latin America.

“No partner is more significant in this endeavor than Brazil,” he said in a speech at the port of Rio de Janeiro at the beginning of a three-day visit to the South American giant.

“There’s a new sense of dynamism across the Americas,” Biden said. “And President Obama and I believe that the times present an incredible opportunity for a new era of relations between the United States and the Americas.”

The vice president emphasized U.S. knowledge about exploiting deep-water oil deposits like the ones found in Brazil, and he said that Washington is ready to be a partner of Brasilia in those endeavors.

Currently, bilateral trade between the two countries stands at about $100 billion per year, Biden said, adding that “there’s no reason why that cannot be $400 billion to $500 billion a year.”

In foreign policy, Biden called on Brazil to take a more active role in promoting human rights and democracy around the world.

“You can no longer claim, we are a developing nation. You have developed,” he said.

The vice president is scheduled to meet on Wednesday with top officials of Brazilian state oil company Petrobras and with investors and businessmen at the Technological Park of Rio de Janeiro’s Universidad Federal.