NEW : Brazil 's president calls for a balanced U.S. economic approach . NEW : The two leaders discuss cooperation in oil and biofuel development . Two-way trade between Brazil and the United States totaled $ 74 billion in 2011 . Comment:
NEW : Brazil 's president calls for a balanced U.S. economic approach . NEW : The two leaders discuss 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 .