Argentina/Chile: Free Trade Agreement, with Antitrust promotion, ratified by Chilean parliament
Argentina and Chile have signed a Free Trade Agreement, which could be implemented in just 90 days after certain formal steps have been taken. The agreement is considered a first step towards a series of more important agreements at the regional level.
The new agreement between Argentina and Chile will aim at facilitating the exchange of products, in addition to eliminating bureaucratic and customs barriers on both sides of the border, including the elimination of the roaming system for telecommunications and the reduction of barriers to e-commerce.
The agreement also includes provisions for cooperation, coordination, exchange of information and consultations, related to the promotion and protection of free competition, as well as commitments for the elimination of unnecessary technical obstacles, the promotion of regulatory cooperation, and incorporation of the Agreement on Technical Barriers to Trade issued by the WTO.
The agreement is seen by some as an important step for Argentina, since through the new commercial partner, national products could be shipped all over the world. “It would be significant to see how Brazil joins in this direction, to then see a true alliance in all of South America, ending with what is today Mercosur,” said economist Adrián Ravier.
Full Content: iProfesional & Panam Post
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CMA Fines Tereos £25,000 for Failing to Provide Key Information in Merger Probe
Sep 27, 2024 by
CPI
Google Defends Its Role in Online Advertising Market in Antitrust Trial
Sep 27, 2024 by
CPI
Musk’s X Requests Brazil Supreme Court to Resume Service After Shutdown
Sep 26, 2024 by
CPI
Visa Acquires AI Firm Featurespace to Enhance Fraud Prevention
Sep 26, 2024 by
CPI
Visa Gears Up for Legal Fight with DOJ Over Debit Card Monopoly Allegations
Sep 26, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
CPI
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
CPI
The Aspen Misadventure
Sep 27, 2024 by
CPI
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
CPI