President Trump said on Tuesday that he will work to designate Brazil a "major non-NATO ally" - and maybe even full North Atlantic Treaty Organisation membership - as he welcomed the country's new Trump-friendly far-right leader to the White House.
This could include being granted Major Non-NATO Ally (MNNA) status, which would give Brazil preferential access to the USA weapons market.
Bolsonaro refused to say whether he supported allowing the US military to conduct operations in Venezuela from a base in Brazil, a move strongly opposed by Brazilian military officials influential in Bolsonaro's government.
"Brazil and the United States have never been closer than we are right now", he told Bolsonaro.
Joining the OECD is a long-term wish of Brazil, and it could influence the perception of other countries and investors, increasing their willingness to do business in Brazil.
Speaking at a joint press conference with the president of Brazil, Trump said "we have to do something".
As Trump has realized, if this trend can be sustained, combined with the raw materials just waiting to come out of the South American jungle, then this alliance could rewrite some of the rules of geopolitics.
Brazilian producers fear that a truce between the USA and China will come with Beijing opening up its market to American agribusiness-which could then "steal" a BRL 30 billion market share now occupied by soybean, meat, sugar, and ethanol producers. "I have always been a great admirer of the United States, and this admiration increased with the arrival of your excellency in the presidency", Bolsonaro told him.
Trump said President Jair Bolsonaro had run "one of the incredible campaigns", saying he was "honored" it had drawn comparisons with his own 2016 victory.
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Bolsonaro made an unusual trip to the Central Intelligence Agency headquarters yesterday, the first day of his trip to the USA during which he hopes to articulate a pro-US stance and to expand trade ties and diplomatic cooperation.
President Trump and President Bolsonaro reiterated that the United States and Brazil stand with the Interim President of Venezuela Juan Guaido, along with the democratically elected National Assembly, and the Venezuelan people, as they work to peacefully restore constitutional order to Venezuela.
Trump also thanked Bolsonaro and the people of Brazil for providing aid to those suffering under the socialist dictatorship in Venezuela.
Eduardo, Bolsonaro's youngest son and a member of Brazil's Congress, is accompanying his father on the US trip.
It is Bolsonaro's first trip overseas for a bilateral meeting since taking office on January 1, after he attended the Davos summit in Switzerland in January.
On one side, Brazil agreed to implement a quota for the entry of 750,000 tons of American wheat, tariff-free.
Trump said Tuesday that "we don't want to say exactly" what he would like to see happen next in Venezuela, where he has repeatedly said he reserves the option of a USA military intervention to unseat Maduro.
The leaders also were expected to discuss a range of other issues, including expanding trade relations and increasing USA private-sector investment in Brazil.
The Brazilian officials said they have been negotiating the designation since the beginning of this year. Trump and Bolsonaro, two conservatives who have rallied supporters against establishment politics, mainstream media and big government have been especially united by their opposition to an ideology that has long gripped Latin America-socialism.