Chile - Venezuela ECA (1993)
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j. To establish mechanisms and instances that ensure an active participation of the representatives of the business sectors; and,

k. Any others derived from this Agreement or that may be entrusted to it by the signatory countries.

Chapter XIX. Validity

Article 34.

This Agreement shall be effective from the moment of its signature and shall be in force indefinitely.

Chapter XX. Denunciation

Article 35.

The signatory country wishing to withdraw from this Agreement shall communicate its decision to the other signatory countries one hundred and eighty (180) days prior to the deposit of the respective instrument of denunciation with the General Secretariat of ALADI.

As from the formalization of the denunciation, the rights acquired and obligations contracted under this Agreement shall automatically cease for the denouncing country, except for the treatments received and granted for the importation of negotiated products, which shall continue in force for a period of one year as from the deposit of the respective instrument of denunciation, unless the signatory countries agree ona different term at the time of the denunciation.

Chapter XXI. Other Provisions

Article 36.

The signatory countries will gradually establish rules aimed at facilitating the movement of labor, as well as modern services, such as technology, engineering services, etc., required for productive and commercial activity, all with a view to achieving the objectives of the Agreement.

Article 37.

The signatory countries undertake to keep each other informed of their foreign trade regimes and statistics, through the competent national agencies established in Article 33 of this Agreement. Any modification to the foreign trade regimes shall be communicated within 30 days of its promulgation.

Article 38.

The signatory countries shall encourage the active participation of their economic agents in their actions inherent to the application and operation of this Agreement, which correspond to them.

Article 39.

It is recommended that in the contracts agreed upon by individuals among themselves, as a result of the use of the instruments of the Agreement, the rules of the Inter-American Commercial Arbitration Commission should be used as a matter of preference.

Transitory Provisions

The signatory countries shall immediately proceed with the necessary formalities to formalize this Economic Complementation Agreement within ALADI, in accordance with the provisions of the Treaty of Montevideo 1980 and the Resolutions of the Council of Ministers.

Likewise, they shall carry out the corresponding formalities to annul Partial Scope Agreement No. 16, subscribed by both countries within the framework of LAIA and the reciprocal treatments agreed upon in the trade agreements to which they are parties.

Conclusion

This Economic Complementation Agreement, for the establishment of an expanded economic space, is signed in two copies of equal value and tenor, equally authentic. Done in the city of Santiago, Chile, on the second day of the month of April 1993, in two equally authenticated originals.

FOR THE GOVERNMENT OF THE REPUBLIC OF CHILE

ENRIQUE SILVA CIMMA

MINISTER OF FOREIGN AFFAIRS

JORGE MARSHALL RIVERA

MINISTER OF ECONOMY, DEVELOPMENT AND RECONSTRUCTION

FOR THE GOVERNMENT OF THE REPUBLIC OF VENEZUELA

FERNANDO OCHOA ANTICH

MINISTER OF FOREIGN AFFAIRS

AMBASSADOR MIGUEL RODRIGUEZ MENDOZA PRESIDENT OF THE FOREIGN TRADE INSTITUTE

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