INTERNATIONAL BRIEFS

INTERNATIONAL BRIEFS

Japan Reports Data

On Current AccountJapan posted a current account surplus of US$6.849 Billion in February, Japan's Finance Ministry announced.

The surplus was down $785 million from $7.634 billion a year earlier and up $3.33 billion from $3.515 billion in the previous month, ministry officials said.

The ministry also said, in its revised report, that the trade balance for February was $7.441 billion, up from $4.538 billion a month earlier and down

from $8.284 a year earlier.

China, Malaysia Sign

First Trade Agreement

BEIJING - China and Malaysia signed a trade agreement on Friday, the first between the two countries since they established relations in 1974.

The official news agency Xinhua said the agreement calls for the two countries to grant each other most-favored-nation status with respect to customs duties and other trade-related taxes.

According to Malaysian figures, two-way trade last year totaled US$447 million, with China importing rubber, timber and palm oil, and exporting light industrial products to Malaysia.

Goodyear to Build

Plant in South Korea

AKRON, Ohio - The Goodyear Tire & Rubber Co. said it received permission

from South Korea to build an advanced high-technology plant in that country for the production of premium-quality steel radial auto and light-truck tires.

To be completed in the spring of 1991, the wholly owned facility will produce more than 3 million tires a year.

Seventy-five percent of the new plant's output will be for export to Asian nations, primarily Japan, and 25 percent will be earmarked for Korean-built cars being shipped overseas.

Goodyear currently is supplying U.S.-made tires to auto producers in Japan and South Korea.