3 Syracuse J. of Int'l L. & Comm. 319 (1975)
In 1970, the countries of the Andean Common Market (the Andean Pact or ANCOM), adopted uniform foreign investment regulations. The Andean Foreign Investment Code, as Decision 24 of the Andean Commission is called, regulates both the treatment of foreign capital entering or within ANCOM, and related agreements on the transfer of technology, patents, licenses, and royalties. The member countries of ANCOM were required by Decision 24 to implement this Code as domestic legislation following its adoption by the Andean Commission.