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Lets Have a Little Cooperation Please Cia Andina do Triconos , 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 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. | 
