Word: frei
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Dates: during 1960-1969
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...Latin American Presidents ever took office amid such high hopes. Chile's Eduardo Frei rolled up the biggest plurality in his country's history (56%), his Christian Democrats became the first government party since 1851 to win a majority in the House of Deputies, and the party went on to triple its membership in the Senate. But a mandate is one thing, politics another. Last week-after two years of long, hard talking-Frei's two key reform bills were finally approaching reality...
...Frei's main bill, "Chileanizing" the copper industry, has passed the last legislative hurdle, and awaits only the signatures of some of the participating companies. Under the program, the government will acquire a 51% interest in the U.S.'s Braden Copper Co. and a 25% interest in two other new mining ventures, including one that will expand operations at Chuquicamata, which is already the world's largest open-pit copper mine. Ultimately, Chile hopes to double production by 1970 to 1,200,000 tons a year and bring in an additional $300 million in foreign exchange...
...next few weeks. Once enacted, the program will provide land for 100,000 peasants by imposing new acreage limits on large estates and permitting the government to pay off the owners of the expropriated land in 30 years instead of the present 15. While awaiting his new program, Frei has already expropriated or reached agreement with owners of 240 large estates, 85 of which are now in government hands for redistribution...
...Edge. What held up Frei's program was his nettlesome opposition in the Senate, where Chile's Socialist-Communist Frente de Action Popular
Host was Colombia's newly inaugurated President Carlos Lleras Restrepo, who, with Frei, was joined by Venezuela's President Raúl Leoni, Ecuador's former President Galo Plaza Lasso, who substituted for Ecuador's Interim President Clemente Yerovi Indaburu, and Peru's former Premier Fernando Schwalb, who was filling in for President Fernando Belaúnde Terry. Among the balls, banquets and other ceremonial gatherings, the five met to discuss mutual economic and industrial development and the problems of the ailing Latin American Free Trade Association (LAFTA). A LAFTA ministerial meeting is scheduled...