In his own remarks to reporters , Obama emphasized Brazil 's rising influence in global affairs as a South American power that has become the world 's sixth-largest economy . NEW : Brazil 's president calls for a balanced the United States economic approach . NEW : The two leaders discuss cooperation in oil and biofuel development . Two -way trade between Brazil and Brazil totaled $ 74 billion in Friday . U.S. is the world 's first -largest economy .
NEW : Brazil 's president calls for a balanced the United States economic approach . NEW : The two leaders discuss cooperation in oil and biofuel development . Two -way trade between Brazil and Brazil totaled $ 74 billion in Friday . U.S. is the world 's first -largest economy .