TRADE BRIEFS

TRADE BRIEFS

EL SALVADOR, REBELS

REACH ACCORD ON PEACEEl Salvador's government and rebel negotiators Tuesday cleared up the final obstacles in peace talks, paving the way for ending a 12-year-old civil war that has cost 75,000 lives.

In anticipation of a final peace settlement to be signed in Mexico Thursday, the Security Council planned to adopt a resolution late Tuesday endorsing 1,000 U.N. Peacekeepers for the Central American nation.

Both the Salvadoran government and commanders of the rebel Farabundi

Marti National Liberation Front, or FMLN, engaged in marathon negotiations at U.N. headquarters for the last three weeks, completing the accord in the early hours of Tuesday morning.

The parties issued a short statement saying they had reached agreement on ''all issues that were pending."

KLEPSCH NAMED CHIEF

OF EUROPEAN PARLIAMENT

STRASBOURG, France - Egon Klepsch, a 61-year-old Christian Democrat from Germany, was elected the sixth president of the European Parliament by a vote of 253 to 193 Tuesday.

Mr. Klepsch beat Jean Defraigne, a Belgian liberal, and Roberto Barzanti, an Italian communist, who received 105 and 72 votes, respectively.

A third candidate, Karel Dillen, a right-wing Belgian, received 16 votes.

The new president, who will serve a 2 1/2-year term, succeeds Enrique Baron of Spain.

SOUTH KOREA'S HYUNDAI

FACES LABOR STRIFE

SEOUL, South Korea - Workers at South Korea's largest car manufacturer voted overwhelmingly Tuesday for industrial action and may strike, a Hyundai Motor Co. spokesman said.

Company officials said Hyundai management was considering whether to suspend business entirely for the time being.

Labor problems have been serious for more than five months and finally peaked when the union demanded better working conditions and special bonuses.

Of more than 33,000 workers at the five Hyundai car plants in the southeastern city of Ulsan, 30,400 are union members and about 25,670 voted in favor of industrial action.

DISPUTE WON'T DELAY

EURO DISNEY OPENING

PARIS - Euro Disney said Tuesday that claims by 16 builders for US$160 million (850 million francs) in cost overruns would not jeopardize the theme park's target opening date of April 12.

"If the 16 walked off the site, we could still complete the project," said Andrew Hibbert, Euro Disney general counsel.

Newspapers reported that the building companies had made a joint demand to be paid for work not included in their original contracts.

Euro Disney shares fell sharply in early trade on fears that the cost claims could delay the theme park's opening. But the stock rebounded and at lunchtime in Paris was down 93 U.S. cents (0.50 francs) at US$27.22 (145.8 francs).

CHINESE FACTORY TO SELL

MASSAGE DEVICES IN US

ZHENZHOU, China - About 100,000 leg and foot massage devices produced by a factory in central China's Henan province will be shipped to the United States in 1992, company officials said.

An agreement between the Xinxiang household electric appliances factory and In-fral Co. of the United States calls for joint production and sales of the devices.

HOLIDAY INN TO OPEN

IN XINJIANG PROVINCE

URUMQI, China - The Xinjiang Holiday Inn, run by the international Holiday Inn group, will open in Urumqi, capital of northwestern Xinjiang, in May 1992, officials said.

The 25-story hotel, the group's 13th in China, is in the city center, three miles from the railway station and 12 miles from the airport. It has 320,000 square feet floor of space and 383 bedrooms.

EXPORT FAIR IN CHINA

GARNERS $175 MILLION

XIAMEN, China - The sales volume at the first export fair held here of goods produced by foreign-funded enterprises reached US$175 million by Jan. 11, the fourth day, organizers said.

Main commodities traded in the period were light industrial products (US$80 million); motor, machinery and instrument products (US$20 million), and nonferrous metals and electronic products (each more than US$10 million).