US-Brazilian Relations - Bilateral diplomatic relations between the United States and Brazil .
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History
The USA and Brazil traditionally maintain friendly interstate relations. The United States was the first country in the world to recognize Brazil's independence from Portugal in 1822. These two democracies are the largest market economies in the Western Hemisphere by population and territorial size. The USA and Brazil are strengthening the foundations for a new partnership of the 21st century with an emphasis on global issues that affect the livelihoods of both countries. Ten bilateral agreements were signed during the visit of US President Barack Obama to Brazil in March 2011, five more agreements were signed during the visit of Brazilian President Dilma Rousseff to the United States in April 2012. Since 2011, a series of summits has been held, four presidential dialogues have been created or updated: the Global Partnership Dialogue, the economic and financial dialogue, the strategic energy dialogue and the defense cooperation dialogue.
Trade
In 2011, the United States accounted for 10% of exports and 15% of Brazil's imports. The flow of investment between countries is becoming increasingly important as the United States is one of the largest foreign investors in the Brazilian economy . About 150 thousand US citizens visit Brazil every year. In 2011, more than 1.5 million Brazilians visited the United States, having spent more than 6.8 billion US dollars there .