DECREE NO 6,374, DE February 18, 2008.

Disposes on the execution of the Qüteneth 9th Additional Protocol to the Economic Supplementation Agreement in the 18, between the Governments of the Argentine Republic, the Federative Republic of Brazil, the Republic of Paraguay and the Eastern Republic of Uruguay, concerning Commercial Transactions in Moedas Locations.

THE PRESIDENT OF THE REPUBLIC, in the use of the attribution conferring you the art. 84, inciso IV, of the Constitution, and

Considering that the 1980 Treaty of Montevideo, which created the Latin American Association of Integration (ALADI), signed by Brazil on August 12, 1980 and approved by the National Congress through Legislative Decree no 66 of November 16, 1981, provides for the modality of Economic Supplementation Arrangement ;

Considering that the Plenipotentiaries of the Argentine Republic, of the Federative Republic of Brazil, of the Republic of Paraguay and the Eastern Republic of Uruguay, based on the Treaty of Montevideo of 1980, signed, on November 29, 1991, the Economic Supplementation Agreement in the 18, between the Governments of the Argentine Republic, the Federative Republic of the Brazil, of the Republic of Paraguay and the Eastern Republic of Uruguay, incorporated into Brazilian domestic law by the Decree no 550 of May 27, 1992 ;

Considering that the Plenipotentiaries of the Argentine Republic, of the Federative Republic of Brazil, of the Republic of Paraguay and the Eastern Republic of Uruguay, on the basis of the Treaty of Montevideo of 1980, signed, on December 17, 2007, the Qüineteenth Nono Additional Protocol to the Economic Supplementation Agreement in 18, between the Governments of the Argentina republic, the Federative Republic of Brazil, the Republic of Paraguay and the Eastern Republic of Uruguay, concerning Commercial Transactions in Local Curres ;

DECRETA:

Art. 1st Qütentieth Nono Additional Protocol to the Economic Supplementation Agreement no 18, between the Governments of the Argentine Republic, the Federative Republic of Brazil, the Republic of Paraguay and the Eastern Republic of Uruguay, attached by copy to the present Decree, shall be executed and complied with as entirely as it contains.

Art. 2nd This Decree comes into effect on the date of its publication.

Brasilia, February 18, 2008 ; 187th of the Independence and 120th of the Republic.

LUIZ INACIO LULA DA SILVA

Samuel Pinheiro Guimarães Neto

This text does not replace the published in the DOU of 2/19/2008

ECONOMIC SUPPLEMENTATION AGREEMENT No 18 CELEBRATED BETWEEN ARGENTINA, BRAZIL, PARAGUAY AND URUGUAY

Fifth-Ninth Additional Protocol

The Plenipotentiaries of the Argentine Republic, the Federative Republic of Brazil, the Republic of Paraguay and the Eastern Republic of Uruguay, accredited by their respective Governments, second powers bestowed in good and due form, deposited expeditiously in the General Secretariat of the Latin American Integration Association (ALADI),

VISTA Decision CMC N ° 25/07 and the GMC Resolution No 43/03,

CONVEEM IN:

Article 1-Incorporation to the Economic Supplementation Agreement No 18 a Decision No 25/07 of the Council of the Common Market of MERCOSUR relative to?Commercial Transactions in Local Currencies?, which is listed as an Annex and integrates the present Protocol.

Article 2nd-This Protocol shall enter into force, for the first two States ratifying it, thirty (30) days after the deposit of the second instrument of ratification next to the General Secretariat of the Latin American Integration Association. For the other signatories, thirty (30) days will enter into force after the deposit of the respective instruments of ratification with the General Secretariat of the Latin American Integration Association, observed the order in which they were deposited.

The General Secretariat of ALADI shall be depositary of this Protocol, of which it shall send copies duly authenticated to the Governments of the signatory countries and to the Office of the MERCOSUR.

IN FIS OF THAT, the respective Plenipotentiaries sign this Protocol in the city of Montevideo, at the seventeen days of the month of December of the year two thousand and seven, in an original in the Portuguese and Spanish languages, both being equally valid texts. (a.:) By the Government of the Argentine Republic: Juan Carlos Olima ; By the Government of the Federative Republic of Brazil: Regis Percy Arslanian ; By the Government of the Republic of Paraguay: Emilio Giménez Franco ; by the Government of the Eastern Republic of Uruguay ; Gonzalo Rodríguez Gigena.

ANNEX

MERCOSUL/CMC/DEC. In the 25/07

COMMERCIAL TRANSACTIONS IN LOCAL CURRENCIES

VISTA: The Treaty of Assumption, the Black Gold Protocol and Decision No 38/06 of the Council of the Common Market.

CONSIDERING:

That the integration process of MERCOSUR aims at the progressive coordination of policies macroeconomic between States Parties, as provided for in the Treaty of Asuncion ;

That the optional use of local currency in foreign trade between the countries of the bloc contributes to the deepening regional integration, as well as for the increment of the exchange of goods between States Parties ;

That this Decision contributes to the reduction of financial costs in commercial transactions between the signatory Countries.

THE COUNCIL OF THE COMMON MARKET

DECIDE:

Art. 1st-Create the system of local currency payments for trade held between the States Parties to MERCOSUR.

The conditions of operation of this system, of optional character, will be defined upon arrangements bilateral concluded voluntarily among the Central Banks of the respective countries

Art. 2nd-Request to States Parties to instruct their respective Representations to the Latin American Integration Association (ALADI) to protocol this Decision under the Economic Supplementation Agreement No. 18, under the established terms in Resolution GMC No 43/03.

Art. 3rd-Agreement that the Protocol referred to in the preceding Article shall contain clause of validity which shall establish that the Protocol shall enter into force, for the first two States ratifying it, thirty (30) days after the deposit of the second instrument of ratifying. For the other signatories, thirty (30) days will enter into force after the deposit of the respective instruments of ratification, observed the order in which they have been deposited.

XXXIII CMC-Assumption, 28 /VI/07