CSN is a complex body of integration, social and economic development; a new space for political coordination and cooperation, in which a basic consensus for a domestic agenda that allows the region to be in a better position regarding international relations can be found. It fosters the defense of multilateral matters and international institutionality; the consolidation and strengthening of democracy.

It furthers promotes the cooperation for development, social cohesion and improvement of a regional free trade area and physical and energetic integration, expressed through the initiative of the Integration of Regional Infrastructure in South America (IIRSA).

The new Community represents a market of 360 million consumers, that is, around 67% of the Latin America and the Caribbean population, and 55% of the whole population of the continent.

During the next Presidential Summit, to be held on August 1-2, 2005 in Brasilia, Peru will give the Secretariat Pro Tempore to Brazil.

For the initial stage of the work, the Secretariats of the regional integration mechanisms (Presidency of the Permanent Representatives' Committee, Secretariat of Mercosur, Secretary General of CAN and ALADI, Permanent Secretariat of OTCA) are to elaborate the inventories, diagnosis and proposals on issues considered a priority:

• Physical integration (IIRSA)
• Environment
• Energetic integration
• South American financing outlines
• Asymmetry
• Promotion of social cohesion, inclusion and social justice.