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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Obama, Lula to focus on economy AFP - Sunday, March 15 WASHINGTON (AFP) - - US President Barack Obama and his Brazilian counterpart, Luiz Inacio Lula da Silva, were set to meet Saturday to discuss the global economic crisis -- and likely the issue of an eight-year-old boy. ADVERTISEMENT Assistant Secretary of State for Western Hemisphere Affairs Thomas Shannon told reporters Friday that the relationship between the two countries was not only bilateral and regional but also had "a strong global partnership component to it." "It is a recognition of Brazil's ascendancy in the world," Shannon said. "And we think that this opportunity for President Obama and President Lula to meet on Saturday is going to be an important and dramatic step forward." In addition to the economy, the two leaders will discuss growing US-Brazilian ties in promoting alternative energy like biofuels as well as tackling climate change and fighting malaria and AIDS in Africa, officials said. US lawmakers this week overwhelmingly passed a resolution calling on Brazil to return the boy, Sean Goldman, to his US father and said they wanted Obama to raise the matter with Lula when they see each other. Sean is currently living with his stepfather in Brazil after his Brazilian mother -- who took him to the South American nation after a split with her US husband David Goldman four years ago -- died in childbirth last August. A Brazilian court has granted custody of Sean to his Brazilian stepfather, ignoring a previous court decision in the US state of New Jersey giving custody to David Goldman. While emotions were running high over that case, US and Brazilian officials were more focused on the financial and economic crisis reshaping the world, and how the talks could go to addressing it. Lula and Obama were to talk over "possible remedies to the global financial crisis," Brazilian Foreign Minister Celso Amorim Amorim said. The fact that Lula is to be the first Latin American leader to be received by Obama since the latter took power on January 20 spoke volumes about Brazil's role as the pre-eminent economic and diplomatic power in the region south of the US border. This time, a Brazilian president was not visiting Washington hat in hand asking for a bail-out, as has happened so many times with his predecessors when crises struck. Instead, Lula has positioned himself as one of the new dukes of the emerging nations. His country, which last year was given an investment-grade rating and announced gigantic oil finds, is reaching for a higher global profile to match its strengthened economic clout. Brasilia's aspirations include a permanent seat on an expanded UN Security Council, and a voice in helping solve the nasty and prolonged Israeli-Palestinian conflict. "It's the first time that Brazil has economic stability with democracy, and it's certain that it's emerging -- but that signifies as well great responsibility," said Paulo Sotero, head of the Brazil Institute research unit in the Woodrow Wilson center of studies in the United States. Regionally, Brazil is seen as an independently minded nation of 190 million people whose socialist-capitalist policies give it prestige among both free-market US allies (Colombia, Peru, Mexico) and hard-left US antagonists (Venezuela, Cuba, Bolivia). Still, the crisis is hitting Brazil hard. Industrial output has fallen off a cliff, unemployment is taking off, and, worse, international credit for the commodity-exporting nation is drying up. Brazil has been vociferous in demanding the wealthier nations provide credit to emerging countries, and that trade be boosted, not subject to protectionism. "One of the things I plan to talk with President Obama about and that I intend to discuss at the G20 (meeting to be held in London April 2), and that is our priority number one... is that people take up the responsibility to normalize international credit for companies and so that people can get money from loans," Lula told reporters Thursday. The Brazilian president also hinted strongly that Obama should overcome his resistance to nationalizing faltering US banks. "Normalized credit means that certain countries are going to have to create public banks," Lula said. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Obama's Presidency Obama creates special panel on food safetyAFP - Sunday, March 15 Obama, Lula to focus on economyAFP - Sunday, March 15 US drops 'enemy combatant' detention statusAFP - Saturday, March 14 Obama program helping US economy: SummersAFP - Saturday, March 14 Related Articles: World Israeli spy chief makes fresh bid to free soldierAP - 1 hour 5 minutes ago Suspected illegal immigrants found in Calif. pipeAP - 1 hour 9 minutes ago Man wants old Montana street bulbs to grow potAP - 2 hours 23 minutes ago UK-World SummaryReuters - 2 hours 25 minutes ago Four questioned over N. Ireland soldier killingsAFP - Sunday, March 15 Related Full Coverage Obama's Presidency What change will Obama bring? Will it affect the rest of us globally? 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