The president of Brazil, Luiz Inácio Lula da Silva, affirmed his government's willingness to boost trade and the regional financial system.
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00:00For his part, the President of Brazil, Ignacio Lula da Silva, affirmed his government's willingness to boost trade and the regional financial system.
00:13We need to promote regional trade in goods and services, its diversification and increasing facilitation.
00:19In order to expand our trade, my government is committed to reactivating the agreement on reciprocal payments and credits of the Latin American Integration Association and expand the system of payments in local currency.
00:34Integrate transportation, energy and telecommunications networks over short distances, reduce costs and encourage synergies between productive chains.
00:43Brazil has been promoting five South American integration routes that will link the Caribbean.
00:49Atlantic and Pacific.
00:51Strengthening regional financial institutions such as the Development Bank of Latin America and the Caribbean, the Caribbean Development Bank and FAMPLATA is essential to ensure that these projects come to fruition.