THE HEMISPHERE: Cordillera Libre

Next January, Argentina's Juan Perón and President Gabriel Gonzalez Videla of Chile will meet in the shadow of the Christ of the Andes, which was erected in 1904 to mark the peaceful solution of their boundary dispute. There they will sign a newer and more practical symbol of amity: the $175,000,000 trade agreement between Argentina and Chile completed last week in Buenos Aires.

Both countries were happy over the deal, biggest of its kind in South America's history. The long-sought Cordillera Libre, a sort of limited trans-Andean customs union,* was established. Argentina agreed to lend Chile $175,000,000—$75 million for improving...

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