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II. Match synonyms:

1. to establish ( )

a) assurance

2. confidence ( )

b) rule

3. prominent ( )

c) wealth

4. principle ( )

d) important

5. consensus ( )

e) scheme

6. annual ( )

f) to cover

7. to shroud ( )

g) unwilling

8. capital ( )

h) yearly

9. reluctant ( )

i) to form

10. blueprint ( )

j) agreement

III. Decipher the words in brackets and fill in the blanks:

  1. Some economists and officials argued that ( larlabite ) ________ agreements (nemiedrum) _______ efforts toward a globally binding free trade pact.

  2. The leaders of the Asia Pacific Economic Cooperation ( pingruog ) ________ met to again push for trade ( lizaontiberlial ) ________ among its members.

  3. These bilateral free trade agreements allowed countries to ( tiaetgone ) ________ the free flow of goods and services faster than by working out pacts with ( elpitlum ) __________ partners.

  4. One idea that received fresh ( kcabing ) _________ from the United States is the Trans- Pacific Partnership, a super FTA that would (etenalimi) _________ tariffs without conditions.

  5. Many countries are ( regae ) ________ to link up with East Asia because it is seen as the next ( htorgw ) _______ center of the world.

IV. Match elements from the two columns to form new words:

1. econom-

-ture

2. interdepend-

-ic

3. regional-

-duct

4. prim-

-prise

5. percep-

-ness

6. har-

-al

7. struc-

-ence

8. out-

-ate

9. compli-

-ism

10. enter-

-ly

11. pro-

-ary

12. Europe-

-an

13. month-

-tion

14. government-

-sider

15. oper-

-ance

V. Match elements from the two columns to form correct noun phrases, translate them into Ukrainian and make up sentences:

1. regional

a) policy

2. trade

b) principles

3. limited

c) hostility

4. core

d) building

5. free

e) activity

6. governance

f) financing

7. longstanding

g) interaction

8. community

h) agreement

9. constructive

i) trade

10. flexible

j) cooperation

VI. Fill in the blanks with the following words: pathway, partnership, nations, flows, target, liberalization, highlighted, endorse, limits, set.

  1. The leaders of twenty-one _________ took part in the meeting of the Asia Pacific Economic Cooperation Forum, with talks focusing on ways to establish a free trade area in the region.

  2. It followed a G20 summit, which _________ disagreements among members over trade imbalances.

  3. The economic crisis had shown the ________ of depending on U.S. consumers and Asian exporters to drive growth.

  4. Trade and investment _________ continues to be the core objective, requiring to strengthen and deepen regional economic integration.

  5. No specific target is _______ for achieving a comprehensive free trade agreement.

  6. Citing uncertainty amid recovery from the global financing crisis, APEC members _________ G20 calls for strong, sustainable and balanced growth and a commitment to fight trade protectionism.

  7. APEC is well on track toward achieving many goals, with increased trade and investment _________ and economic growth, but more work needs to be done.

  8. APEC leaders meeting in Indonesia in 1994 pledged that industrialized countries would achieve free and open trade and investment, with a target of 2020 for developing economies.

  9. A White House statement said, they agreed to conclude an agreement as swiftly as possible, calling it the most advanced ________ to integrating Asia- Pacific economies.

  10. On the final day of the APEC summit, the U.S. President met leaders of eight other countries negotiating a new Trans- Pacific _________ (Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam).