The Acting Secretary of State to the Brazilian Ambassador (Lima e Silva)
My Dear Mr. Ambassador: I was pleased to learn from you yesterday that your Government looks with favor on the suggestion of conversations here in Washington looking to a possible reciprocal trade agreement.
As I envisage these conversations, they would be of a purely exploratory character to ascertain whether the two Governments could, with mutual benefit, negotiate a reciprocal trade agreement. In order to reach a decision about this matter, it will probably be necessary to survey broadly the nature of the trade between the two countries, the commodities that enter into this trade, the question of tariffs, et cetera.
The President attaches considerable importance to these discussions and hopes that they may take place in the near future.