On 11 November 2002, Chile informed the Dispute Settlement Body that it would need a reasonable period of time to find a mutually agreeable solution to the above-mentioned dispute, which should take into account the recommendations and rulings of the DSB as well as being WTO‑compatible.

            Chile and Argentina have been holding consultations to this end, but unfortunately to date these have not led to agreement on the length of the said reasonable period of time.  Accordingly, Chile requests that the determination of the reasonable period be the subject of binding arbitration, in accordance with Article 21.3(c) of the Understanding on Rules and Procedures Governing the Settlement of Disputes.

            While assuring you that Chile is entirely ready to hold discussions with a view to the prompt appointment of the arbitrator, I take this opportunity to renew the assurances of my highest consideration.