ABSTRACT

The 1965 reform which incorporated part IV in an attempt to reorientate the Agreement towards development policies, did not make any mention of the establishment of a system of preferences, in spite of the fact that Chile had expressly asked for it. This pragmatic justification for the creation of a system of restrictions which formed the basis of the MFA came into direct confrontation with the legal and economic model which it tried to create and which had as its maximum exponent General Agreement on Tariffs and trade (GATT). However in practice, when the legal system does not respond to the expectations deposited in it by its creators, other measures are created which turn out to be more apt for the real goal pursued. The MFA brought about an ordering and institutionalization of different mechanisms of protection for textiles aside from that pre-established system in GATT.