US CONGRESSman Barney Frank criticises the agreement for its deregulation of short-term capital flows, a key factor in the success of chile`s economy.  From a Congressional perspective, the additional question arises as to whether the differences in the treatment of the three labour provisions do not fully meet the main negotiating objectives of Congress as set out in the TPA legislation. Although the three provisions of the free trade agreement do not have exactly the same treatment, they are also not in the language of the ACCORD. Section 2102(b) (11) of the Trade Act of 2002 (TPA) states that one of the main objectives of labour negotiation is the provision that “a contracting party to a trade agreement with the United States will not miss environmental or labour laws.” This contrasts with the apparently weaker objective of “strengthening the capacity of U.S. trading partners to promote compliance with basic labour standards” and, in paragraph 2102 (a) (7), “to ensure that it does not weaken or reduce the protection afforded by national environmental and labour laws as an incentive to trade.” In addition to economists` questions on the impact of bilateral agreements on trade, several interest groups strongly opposed each other. Perhaps the import industries are the first to bear the main burden of the adjustment costs of a trade agreement. Despite the gains in well-being for society as a whole (for example. B more efficient allocation of resources, cheaper imports, greater choice of goods), industries that face increased competition may be under severe pressure to adapt their activities to more efficient and less expensive producers. Competition is generally accepted as a principle of market power and, at the national level, these adjustment costs can be low and lead to increased productivity. However, if the rules change because of trade agreements, the workers and industries concerned vehemently oppose each other and their concerns are an integral part of the debate on trade liberalization. However, Chile`s open regionalization and export-oriented trade policy have been called into question because they have not sufficiently focused on the diversification of land from unrefined agricultural and mining products (copper, fish, grapes and wood). Manufactured goods account for less than 15% of total exports, indicating two potential problems. First, confidence in traditional raw materials can generate strong export returns, but profits are unpredictable due to volatile commodity prices (see fluctuations in Chile`s terms of trade in Table 1).
(8) Important provisions. Chapter 14 of the U.S.-Chile Free Trade Agreement creates separate categories of entries for citizens of each country to temporarily engage in a wide range of trade and investment activities, i.e. non-immigrants. The free trade agreement covers four specific categories of temporary non-immigration authorizations that are currently subject to U.S. immigration law: business visitors; Contract distributors; Intracompany transfers and professionals. These categories complement the visa categories which, in the letter and paragraph that refer to subsection 101 A (15) of the Immigration and Nationality Act, generally refer to B-2 visitors, E-1 distributors, L-1 intracompany transfers and H-1B professionals. (41) Neither party would have the right to require certification of work or similar procedures as a precondition for entry, and it would not be able to impose numerical restrictions on these categories, with a few exceptions for professional workers (including an annual cap of 1,400). (42) United States