Latin America entered one of its most dynamic stages of integration at the beginning of this century. The region is currently in a position to continue consolidating a socially inclusive development model that will lend bolster its global reputation.

Based on its experience with MERCOSUR, Argentina plays a leading role in the many regional forums and continues to build new regional integration mechanisms, while consolidating existing ones. In this respect, it is worth mentioning Argentina’s participation in the creation of the Union of South American Nations (UNASUR), an organization that builds participatory consensus and offers a space for the cultural, social, economic and political union of South America.

Likewise, Argentina actively participates in the strengthening of the Community of Latin American and Caribbean States (CELAC), which seeks to position itself as a major forum for coordinating an agenda of common interest to the region as a whole. CELAC permanently groups the 33 countries that make up the Latin American and Caribbean region in a mechanism for dialogue and consensus aimed at defining a common voice.

Argentina is also an important player in the Latin American Integration Association (ALADI) and has an active foreign trade policy that has enabled it to open new markets for its products.

The integration model that Argentina intends to follow also entails the development of a new regional financial architecture. Our efforts are aimed at operationalizing the Bank of the South in order to provide resources for financing productive development and complementation; consolidating systems of payment in local currencies in intra-regional trade; and building a regional monetary system guaranteeing short- and medium-term liquidity and economic stability. Argentina is working on the implementation of these mechanisms under the principles of complementarity, solidarity, cooperation and respect for the sovereignty of States.

The countries of Latin America and the Caribbean have undertaken to work together in order to face the challenges of a deteriorated international environment and make efforts to encourage sustained, dynamic and long-term growth for the region, while ensuring greater equality and social inclusion, within a context of growing regional integration.