AG/RES. 1447 (XXVII-O/97)

FREE TRADE AND INVESTMENT IN THE HEMISPHERE

(Resolution adopted at the fifth plenary session, held on June 4, 1997)

THE GENERAL ASSEMBLY,

HAVING SEEN:

Resolution AG/RES. 1364 (XXVI-O/96), "Free Trade and Investment in the Hemisphere," which requested the Inter-American Juridical Committee to examine and decide upon the validity under international law of the Helms-Burton Act;

The opinion of the Inter-American Juridical Committee contained in resolution CJI/RES.II-14/96, which states that the Committee unanimously concluded that "the bases and potential application of the legislation which is the subject of this opinion," in the important areas referred to above, "are not in conformity with international law"; and

The report of the Permanent Council on free trade and investment in the Hemisphere (CP/doc.2940/97),

RESOLVES:

1. To receive the report of the Permanent Council on free trade and investment in the Hemisphere, presented in compliance with AG/RES. 1364 (XXVI-O/96).

2. To acknowledge the work and efforts made by the Inter-American Juridical Committee in preparing its opinion on this matter.

3. To request the Permanent Council to report to the General Assembly at its twenty-eighth regular session on developments in this regard.