Brazil and Argentina Seeking Greater Financial Integration

2023-06-27

President Lula of President of Brazil and visiting President Fernandez of President of Argentina jointly said in Brasilia, the capital of Brazil, on the 26th that the two countries will strengthen economic ties and seek greater financial integration, including the use of a common currency. Lula said, "We need to move in this direction through new and creative solutions to achieve greater financial integration and facilitate communication." He said that we can consider creating a regional common currency that can be used for trade payments without eliminating the existing currencies of each country. Lula emphasized that Argentina is Brazil's third largest trading partner globally, and Brazil is the main destination for Argentine exports. This is Fernandez 'fourth visit to Brazil this year. After the visit, the President's Office of President of Brazil issued a document to determine the joint actions that the two governments will strive to implement in the next few years, including increasing the number of flights between the two countries, building the export credit business of Brazil to Argentina, etc. (New News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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