Brazils president Rouseff hold news conference with Obama at the white house washington tnt.
summary of statements-
US$115B of US direct investment in brazil in 2013, the largest foreign investment, yet only $15B by brazil companies in the usa
Rouseff proposes greater investment, cooperation, loans, trade betw usa n brazil, playing both chinese n yanks against each other
Economic recovery of usa impt to brazil economy, bilateral trade to expand with higher value added products
Wants to double current trade in a decade..wow
NP flashes past at 12010 up 8.6% from 4.87 lows this morning...more wow
V whipsaw NP rebound in full flight
slash tariffs on industrial exports, slash red tape (how about doing that for usa NHs on the santa rita mine first)
Do away with complex permits n restrictions
positive impact of brazil exports,
usa is the main foreign investor in brazil,
want to further expand these trade flows n investments
Objective to strengthen macro economic policies, reduce risks for us a foreign investments in brazil
streamlining processes betw companies n brazil govt
Obama promises greater usa investment in brazils massive infrastructure development plan , thanked for that commitment
enjoyed frutiful relationship betw our 2 govts and business community.
AVB Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
