Lula Defends the Economic Integration of Mercosul and Payment System in Local Currencies

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In the framework of the Mercosur summit held this Thursday in the Argentine capital, Brazil’s President Luiz Inácio Lula da Silva urged the countries of the bloc to move towards a system of payments in local currencies, with the aim of facilitating digital transactions, reducing dependence on the dollar and strengthening regional financial sovereignty. READ ALSO:Lula arrives in Argentina for the Mercosur summit and expresses her intentions to vi…

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After receiving the pro tempore presidency of the Common Market of the South (Mercosur), Brazilian president Luiz Inácio Lula da Silva said that “it is time” that the block “looks towards Asia”. Lula’s declarations took place during the recent summit of the bloc held this Thursday in Buenos Aires, Argentina, in which he also reiterated his initiative on moving towards a system of payments in the local currencies of the agency. “We need a system …

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Trade expansion, promotion of energy transition, technological development, combating organised crime and confronting social inequalities. These are the five priorities for the next presidentship of Mercosul, which will be exercised by Brazil in the second half of this year. The routes were presented by President Luiz Inácio Lula da Silva, on this Friday (3), during the 66th Cup of Mercosul, in Buenos Aires, Argentina, when he received the coord…

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In his speech, the president of Brazil remarked that there are "obstacles to overcome, such as the inclusion of the automotive and sugar sectors in our customs union."

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In a speech in the 66th Capula do Mercosul, the President of the Republic said it is possible to reduce costs and reduce exchange risks using the currency of the countries themselves.