NEW : Brazil 's president calls for a balanced international economic approach . NEW : The two leaders promote cooperation in oil and biofuel development . Two - way trade between Brazil and the United States totaled $ 74 billion in 2011 . So far , the U.S. government has expressed support for India to join the Security Council but offered no position on Brazil , and the topic was not mentioned Monday . Brazil is the world 's sixth - largest economy .
NEW : Brazil 's president calls for a balanced international economic approach . NEW : The two leaders promote cooperation in oil and biofuel development . Two - way trade between Brazil and the United States totaled $ 74 billion in 2011 . Brazil is the world 's sixth - largest economy .