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Bilateral trade in 2014 increasing by over 20 per cent to $11.42 billion.
The IBSA Fund aids projects in least developed countries.
Rousseff comments were seen as criticism of the campaign to weaken the government of Syrian President Assad.
The state "could not prohibit a legal economic activity, open to private enterprise and fair competition" said the judge overturning the ban.
Brazil is expected to try and rally BRICS countries around the issue.
Shares in the Anglo-Australian miner BHP Billiton fell five per cent yesterday in London to a new seven-year low.
Brazil is in crisis as its economy faces 3 per cent contraction and over 9 per cent inflation.
The government is “reducing expenditures, because people are not that tolerant of taxes, but then you have to do whatever it takes to get to a 0.7” per cent primary
The move appeared to express solidarity with less privileged sectors of the society that have seen social programs curtailed.
The Brazilian president also said the UNSC needs to expand its membership in order to become more representative.