Ancom members simply did not _____(10)_____ the spirit of the metalworking agreement. After the installation of the CATSA facility, plants producing tricone bits _____(11)_____ in Peru and Venezuela. Under the metalworking program, participating _____(12)_____ were committed to prohibiting new foreign investment in allocations of other Ancom countries. But on the question of new investment by local industry, the obligation was only not to encourage it, with no requirement to prevent it. _____(13)_____ Venezuela, it has no commitment to limit local production or to honor the outer tariff, because it was not yet a member of Ancom when the metalworking agreement was signed and was thus not a _____(14)_____ to the pact.
Also, according to Bolivia, Colombia and Ecuador employed _____(15)_____ obstacles to avoid applying the common outer tariff.
The withdrawal of Chile from Ancom cost Bolivia a lucrative potential market too.
1. A) in
B) to
C) under
D) on
2. A) fail B) to fail C) failing D) succeeding
3. A) no duty B) no-duty C) duty-bound D) duty-free
4. A) good B) well C) bad D) badly
5. A) So B) Although C) But D) Therefore