Cia Andina do Triconos (CATSA), a Bolivian joint venture of the U.S. Dresser Industries and local investors, which and based its investment _____(1)_____ an allocation under the metalworking program, closed its doors after _____(2)____ to penetrate the Andean market after more than two years in operation.
The prospect of _____(3)_____ access to the Andean market, plus protection provided by a 55 percent ad valorem common outer tariff on bits sourced from outside the bloc, made the sales outlook seem _____(4)_____.
However, CATSAs monopoly position in Ancom proved specious. _____(5)_____ the plant went on stream in 1974, the company was never able to export a single drill bit to the Andean market; and its local sales were _____(6)_____ a state-owned petroleum company. This market was clearly _____(7)_____, since the operation had been based on exporting the bulk of the plants 200-unit-per-month capacity to the Andean area.
CATSA could not penetrate the Ancom market for several reasons:
Although Ancom _____(8)_____ a 55-percent common outer tariff on third-country imports, some Ancom countries had previously _____(9)_____ LAFTA (Latin American Free Trade Association) tariff concessions, which take precedence over the Ancom tariffs.
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
6. A) confined to B) confined in C) expanded to D) exported to
7. A) big enough B) sufficient C) too big D) insufficient
8. A) has got B) got C) has imposed D) has imposed on
9. A) admitted B) admitting C) granting D) granted
10. A) learn B) honor C) take D) give
11. A) are put B) are established C) were set up D) had set up
12. A) member government B) members government C) member governments D) members governments
13. A) In case of B) In the case of C) In case D) On case
14. A) party B) member C) person D) partner
15. A) a series of B) a great deal of C) a large amount of D) a great number
KEY:DCDAB ADCDB CCBAA
英语倒装句详解之:倒装句的修辞功能(上)
高中英语语法详解:一般过去时的基本概念
高中英语语法详解:现在完成时用法详解
感叹句详解之感叹句入门篇
高中英语语法详解之定语从句中的介词+关系代词
高中英语语法详解:名词性从句中的同位语从句
感叹句详解之what型感叹句
名词性从句中的易错点总结分析
感叹句详解之how型感叹句
掌握这些规则,再善变的冠词都能搞定
英语倒装句详解之:倒装句的修辞功能(下)
判断关系代词与副词的方法详解
高中语法详解:名词性从句之宾语从句
高中英语语法详解:一般将来时的基本概念讲解
倒装句详解之否定词,介词、分词词组提前倒装
高中语法详解:名词性从句中的连接词了解
高中语法详解:名词性从句中的表语从句
高中英语详解:祈使句的基础学习(下)
表语从句中的注意事项及系动词分类
高中英语语法详解:定语从句篇
高中英语语法详解:定语从句之关系副词
高中英语语法详解:定语从句的分类
高中英语详解:祈使句的基础学习(上)
高中英语语法详解:名词性从句中的易混点分析
高中英语语法详解:那些不需要冠词的奇葩单词们
高中语法详解:名词性从句中的主语从句
高中英语语法详解:现在完成时的基本概念详解
高中英语语法详解:宾语从句分类
倒装句详解之完全倒装
高中英语语法详解之:定语从句中的that or which
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