U.S., Brazil Sign Trade, Economic Agreement as Obama Visits

March 19 (Bloomberg) -- The U.S. and Brazil signed a trade and economic cooperation agreement to boost commerce between the Western Hemisphere’s largest economies as President Barack Obama arrived for his first visit to South America.

The accord creates a U.S.-Brazil commission to expand trade and remove non-tariff barriers, according to a statement today from U.S. Trade Representative Ron Kirk’s office. The commission will be led by Kirk’s office and by officials from two Brazilian ministries responsible for trade, industry and development.