On 16 December 1998, the agreement was signed to specify the route of the boundary from Fitz Roy to Mount Daudet to replace the proposed polygonal line. The agreement maintains what was signed in the 1881 treaty, high peaks that divide waters and respects the continental watershed, except in some sectors where straight lines are drawn. It also maintains access for Chile to Fitz Roy and for Argentina to Mount Stokes. The territory covered by the agreement is divided into two sectors: •
Section A: from Murallón Hill to Daudet Hill. The boundary line is determined as follows: starting from Murallón Hill, the line follows the watershed that passes through East Torino, North Agassiz (Roma, mistakenly named Bertrand), South Agassiz (Bertrand), Bolados, Onelli Central, Spegazzini North and Spegazzini South. Then the line continues by straight line segments joining, successively, the points marked with the letters A, B, C, D, E, F, F, G, H, I, and J. Between J and K, it follows the watershed, then by straight lines joining points L and M. It continues along the watershed to N, from where it continues along the watershed through the hills Pietrobelli, Gardener, Cacique Casimiro, and point Ñ. Then by a straight line it reaches point O and by another straight line it reaches Teniente Feilberg hill, continues along the watershed up to point P, from where by straight line segments it reaches point Q, Stokes hill, points R, S, T, and Daudet hill, where it ends its route. •
Section B: from the summit of Fitz Roy to Cerro Murallón. From the summit of Fitz Roy, the line will descend along the watershed to a point at coordinates (Point A). From there, it will continue in a straight line to a point located at coordinates (Point B). Then the line will follow the parallel of the site to the west and will be drawn in accordance with the Protocol on Replacement and Placement of Landmarks on the Chilean–Argentine Border of 16 April 1941 and in the Plan of Work and General Provisions governing the Chile–Argentine Joint Boundary Commission. In the area determined between the parallels of South Latitude 49º10'00" and 49º47'30" and the meridians of West Longitude 73º38'00" and 72º59'00", the Chile–Argentina Joint Boundary Commission must draw up a chart at a scale of 1:50,000 in order to demarcate the boundary, in that sector the Additional Specific Protocol on Shared Water Resources of 2 August 1991 will not be applied. This sector corresponds to a rectangular territory that goes from a few kilometers north of the summit of Fitz Roy to Mount Murallón, in which there is an area without boundary demarcation. Within this area, however, the agreement itself demarcated the boundary from Fitz Roy to a few kilometers to the southwest (point B), and, from the same mountain to the north, it was defined by means of the
1994 Laguna del Desierto arbitration award. It was agreed that all waters flowing into and out of the Santa Cruz River shall be considered for all purposes as a water resource belonging to Argentina. Likewise, the waters flowing toward the oceanic fjords shall be considered for all purposes as water resources belonging to Chile, each party committing itself not to alter, in quantity and quality, the exclusive water resources corresponding to the other party.
María Teresa Infante Caffi and
José Miguel Insulza were some of the main promoters of the agreement within Chile. == Pending border definition area ==