The Administering Committee shall have the following functions:
a. To ensure compliance with the provisions of this Agreement and its Additional Protocols and Annexes.
b. In each case to determine the modalities and timeframe within which it shall carry out negotiations aimed at the realization of the objectives of this Agreement, it may establish working groups to this end.
c. Periodically evaluate the progress of the programme of trade liberalization and the general functioning of this Agreement, and shall report annually to the Parties a report thereon, as well as on the implementation of the overall objectives set out in article 1 of this Agreement.
d. The intergovernmental negotiating and agreeing understandings that are required for implementing business arrangements referred to in Title XVIII.
e. Promote and organize, in coordination with the support of regional and international bodies, business meetings, conferences and other similar activities aimed at facilitating the identification of sectors that may be the subject of agreements.
f. Evaluate the development of business agreements.
g. Contribute to the settlement of disputes in accordance with annex 11.
h. To monitor the implementation of trade disciplines agreed between the contracting parties, such as rules of origin, safeguard clauses, competition and unfair trade practices.
i. Where appropriate, establish procedures for the implementation of the trade disciplines under this Agreement and recommend to the parties any amendments to such disciplines.
j. Noting the consultations provided for in article 16 of this Agreement relating to unfair trade practices.
k. To convene the contracting parties to comply with the objectives laid down in Title X of this agreement on technical regulations and standards, sanitary and phytosanitary measures and related measures.
l. Establish modalities of coordination and participation of the Business Advisory Committee in article 41.
m. Revision of the agenda of trade liberalization in cases in which one of the Contracting Parties to amend substantially, selectively and / or widespread, its general tariffs significantly affecting the other contracting party.
n. Exchange information on the negotiations that the Contracting Parties undertake to conclude agreements with third countries not provided for in the Montevideo Treaty 1980.
o. Comply with the other tasks entrusted to the Commission by the administering under the provisions of this agreement, their Additional Protocols and other instruments signed in its area, or by the contracting parties.
p. Modify the rules of origin and establish or amend specific requirements.
q. Establish procedures to be followed by the re-export of goods originating in the Contracting Parties.
Title XVIII. The Business Advisory Committee
Article 41.
In order to promote and encourage the active participation of the business sectors in the tasks relating to the implementation of this Agreement establishes the business advisory committee comprising representatives of business organizations of Dome of the signatory parties this committee is a consultative body of the Commission.
Title XIX. General Provisions
Article 42.
It shall remain in force , because of its strictly bilateral nature , the provisions of the agreement of partial scope of trade promotion No 6 and partial scope agreements economic complementarity US 15, 19, 26 and 29 signed in the field of ALADI, not relating to trade liberalization program that have not been addressed in this Agreement.
Article 43.
The Contracting Party, which holds an agreement not foreseen in the Montevideo Treaty 1980, shall:
a) Inform the other contracting party, within a period of fifteen (15) days of the signed agreement, accompanying the text of the Agreement and its supplementary instruments.
b) Announce, at the same time, the provision to negotiate within ninety (90) days, equivalent to those granted concessions and received in a comprehensive manner.
c) In the event of failure to reach a mutually satisfactory solution in the negotiations provided for in subparagraph (b), the Contracting Parties shall negotiate equivalent compensation within a period of ninety (90) days.
d) If no agreement is reached in the negotiations referred to in subparagraph (c), the Contracting Party concerned may have recourse to the dispute settlement procedure in force in this Agreement.
Article 44.
In the event that Bolivia considers Implement fully or partially the price band system established in the Andean legislation relating to the importation of goods shall previously, this situation in the area of the Commission.
Title XX. Convergence
Article 45.
In the Conference of assessment and convergence, referred to in article 33 of the Montevideo Treaty 1980, the Contracting Parties shall examine the possibility of progressive multilateralization of the treatment provided for in this Agreement.
Title XXI. Accession
Article 46.
Pursuant to the Montevideo Treaty 1980 , this Agreement shall be open for accession by negotiation prior to the other member countries of ALADI. Accession shall be formalized once negotiated terms between the contracting parties and the acceding country, through the conclusion of an additional protocol to this Agreement, which shall enter into force 30 days after being deposited with the General Secretariat of ALADI.
Title XXII. Duration
Article 47.
This Agreement shall enter into force as of 28 February 1997 and shall have an indefinite duration.
Title XXIII. Denunciation
Article 48.
The Contracting Party which wishes to denounce this Agreement shall communicate its decision to the other contracting parties within 60 days prior to the deposit of the instrument of the complaint by the Secretariat-General of ALADI . After the conclusion of the complaint shall cease to contracting the complaining party, the acquired rights and the obligations assumed under this Agreement with respect to the programme of trade liberalization, the non-application of non-tariff measures and other aspects that contracting parties, together with the complaining party may agree within 60 days of the submission of the complaint. These rights and obligations shall remain in force for a period of two years after the date of deposit of the instrument of denunciation, unless the contracting parties agree on a different period.
The suspension of obligations regarding commitments on investment, infrastructure, energy integration and other agreed, shall be governed by the provisions of agreed protocols in these fields.
Title XXIV. Amendments and Additions
Article 49.
The amendments or additions to this Agreement may only be effected by agreement of all Contracting Parties. They shall be subject to the approval of the Commission and administering formalised through protocol.
Title XXV. Final Provisions
Article 50.
The General Secretariat of ALADI shall be the depositary of this Agreement, which shall transmit certified true copies due to the signatory parties.
Conclusion
Done at Fortaleza, on the seventeenth day of December 1996.
For the Argentine Republic: Guido Di Tella
For the Federative Republic of Brazil: Luiz Felipe Palmeira Lampreia
For the Republic of Paraguay: Ruben Melgarejo Lanzoni
For the Eastern Republic of Uruguay: Carlos Perez Castillo
For the Republic of Bolivia: Antonio Araníbar Quiroga.