U.S. Secretary of Commerce Penny Pritzker and Deputy National Security Advisor for International Economic Affairs Caroline Atkinson today announced the U.S. private sector members who will serve the next term on the U.S.-Brazil CEO Forum. The Forum will meet during the State visit of Brazilian President Dilma Rousseff to Washington, D.C., in October and will provide joint recommendations to both presidents on opportunities to advance the U.S.-Brazil bilateral relationship. Pritzker and Atkinson will co-chair the ninth meeting of the CEO Forum along with Brazilian Presidential Chief of Staff Minister Gleisi Hoffmann and Minister of Development, Industry and Foreign Trade Fernando Pimentel.
"During his recent trip to Brazil, Vice President Biden asked what the United States and Brazil can do together. The U.S.-Brazil CEO Forum seeks to answer that question through a public-private dialogue in which business leaders from the United States and Brazil make recommendations to the highest levels of our respective governments about the future of our bilateral economic and commercial relationship," said Secretary Pritzker. "I am looking forward to meeting the new and returning CEOs along with both Ministers Pimentel and Hoffmann and Deputy National Security Advisor Atkinson to discuss issues of mutual interest."
The Forum has had success opening discussions between the United States and Brazilian governments on a number of important issues, including visa reform, aviation, and education, and was instrumental in concluding the recent U.S.-Brazil Tax Information Exchange Agreement.
"Presidents Obama and Rousseff recognize the benefits of a strong and dynamic U.S.-Brazil commercial relationship. The upcoming CEO Forum meeting comes at an important time for the U.S.-Brazil relationship as we host President Rousseff during her official State Visit. I look forward to engaging both the CEOs and the Brazilian government on issues that will benefit our commercial relationship. By continuing to strengthen our partnership, we can provide the steady, positive leadership and growth our hemisphere needs as we seek to develop policies that will help our economies and our citizens prosper." said Deputy National Security Advisory Atkinson.
Launched in 2007, the CEO Forum meets biannually and consists of up to a total of 24 CEOs from the United States and Brazil. The U.S. CEOs are appointed to a three-year term, and were selected from respondents to a Federal Register Notice for applicants to the U.S. section of the Forum. In addition to the appointments of the following individuals to the Forum, Secretary Pritzker and Deputy National Security Advisor Atkinson have designated Patricia Woertz, Chairman, CEO, and President of Archer Daniels Midland Company to serve as Chair of the U.S. Section of the Forum.
U.S. Section for the 2013-2016 Session of the U.S.-Brazil CEO Forum
- John M. Dionisio, Chairman and CEO (AECOM Technology Corporation)
- Andrés Gluski, President and CEO (The AES Corporation)
- Patricia A. Woertz, Chairman, CEO, and President (Archer Daniels Midland Company)
- Eduardo C. Leite, Chairman of the Executive Committee (Baker & McKenzie)
- Lee A. McIntire, Chairman and CEO (CH2M HILL)
- Michael Corbat, CEO (Citigroup Inc.)
- William M. Brown, President and CEO (Harris Corporation)
- John P. (JP) Bilbrey, CEO (The Hershey Company)
- John V. Faraci, Chairman and CEO (International Paper)
- Kenneth C. Frazier, President and CEO (Merck)
- Stephen F. Angel, Chairman, President and CEO (Praxair, Inc)
- Keith Nosbusch, Chairman and CEO (Rockwell Automation)
As the United States' seventh-largest export market, Brazil offers U.S. companies tremendous opportunities. In 2012, U.S. goods exports to Brazil were $43.8 billion, up 254 percent from 2002. U.S. goods imports from Brazil were $32.1 billion in 2012, a 104 percent increase from 2002. In the past 10 years, the United States and Brazil have increased bilateral trade in goods 170 percent. Top U.S. exports to Brazil last year included chemicals, transportation equipment, computer & electronic products, machinery, and petroleum and coal products.
At the end of 2012, the total stock of Brazilian investment in the United States stood at $14 billion. This is about a 10 percent increase from the 2011 total FDI stock of Brazilian investment in the United States. Top sectors for investment include metals, auto and transportation equipment manufacturing, energy, and services. Total investment by affiliates of Brazilian firms in the United States supported roughly 76,100 U.S. jobs in 2011 and contributed $5.7 billion to U.S. exports. The United States has substantial FDI in Brazil. At the end of 2012, the total stock of FDI from the United States to Brazil stood at $79.4 billion. In 2012 alone, U.S. firms invested $7.9 billion in Brazil.