[maggief]

Thanks for the heads up. This is in conflict with the AP report. Still researching ...

“the governments of Brazil and the United States will sign ten documents”

http://www.northjersey.com/news/national/118286064_Obama_s_trip_to_Brazil_key_to_N_J__businesses.html

Obama is not traveling with a basket of ready-made accomplishments or major agreements to feature during the trip. Indeed, when it comes to trade, he embarks empty-handed.

Pending free-trade agreements with Colombia and Panama remain unfinished, provoking demands from the U.S. business sector and Republican lawmakers that he complete the deals.

Obama also is unlikely to deliver on key Brazilian issues, including changes to tariffs on Brazilian ethanol fuel and the country’s desire to become a permanent member of the United Nations Security Council.

[maggief]

http://blogs.forbes.com/kenrapoza/2011/03/19/obama-arrives-in-brasilia-to-pomp-circumstance-and-some-protest/

Dilma and Obama are expected to sign cooperation agreements on biofuels, among other items such as education and economic security. The US Embassy said that one of the priorities of the trip was to discuss energy cooperation and global finance. Brazil is becoming a net exporter of Petroleum due to a number of deep water oil finds off the coast of Rio and Espirito Santo states. Moreover, Brazil’s highly regulated banks were relatively immune from the 2008 financial blowout, casting a spotlight on the sector names like Itau Unibanco, Bradesco and the big Brazilian subsidiaryof Spanish bank Santander.

[philman_36]

Some more...
Brazil's Message to Obama: It Wishes to Be Treated as an Equal
Final details on a series of agreements and memorandums that will be signed during the visit by Obama, on March 19 and 20, were still being worked out earlier this week. People close to the negotiations report that the last-minute rush is normal in such cases.
A Trade and Economic Cooperation Agreement, known as TECA, which will create an advanced legal framework for relations, is in an advanced stage. It will reduce trade and investment barriers. Sanitation rules on fruit and meats are being worked out, along with measures to simplify customs and other technical rules.

Touting this as nothing more than a vacation is just plain wrong.