But the agreement does impose some restrictions on the combined company.
According to the press release, the agreement imposes caps on emissions of pollutants from 16 plants located in five states.
The agreement imposes only restrictions that are needed to stabilize the peso and the economy.
But a Western diplomat, who spoke on condition of anonymity, said the agreement did not impose a deadline.
The agreement should accordingly impose all necessary obligations in this behalf (Clause 24).
The agreement would also impose restrictions on the scope of its tax practice.
This agreement, they said, distorted the flow of trade and imposed a handicap on American steelmakers.
Though either side can pull out of the deal under certain conditions, their agreement imposes substantial termination fees.
That agreement also would have imposed a 20 cut in fishing time, but based on last year's days at sea, not the five-year average.
One agreement that fell apart would have imposed, for the first time, state sales taxes on services like management consulting and public relations.