Brazil and Argentina wish to forge closer ties, including by developing a common currency, a joint statement released by the nations’ presidents said.
Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez are set to discuss the matter on Tuesday at a regional summit of Latin American leaders in Buenos Aires, Argentina.
The Community of Latin American and Caribbean States summit comes as calls for regional integration grow among leaders in South America.
Why are the leaders discussing a common currency?
The joint statement by Lula and Fernandez was published in Argentine’s Perfil newspaper.
“We intend to overcome the barriers to our exchanges, simplify and modernize the rules and encourage the use of local currencies,” it read.
“We also decided to…