TRADE BRIEFS

TRADE BRIEFS

JAPAN TO OFFER TO LIFT

TARIFFS ON 1,000 ITEMSJapan will offer to completely remove tariffs on imports of approximately 1,000 manufactured goods, Kozo Watanabe, Japanese minister of international trade and industry, said Tuesday.

Mr. Watanabe told reporters after a regular cabinet meeting that the offer will be made to the General Agreement on Tariffs and Trade, the international body that governs trade throughout much of the world, by March 1. He said the items for which Japan will offer to remove tariffs include industrial machinery and transport machinery.

The minister also said the new offer represents an average 15 percent increase in the rate of tariff reduction from an offer Japan made in March 1990. He said the new offer brings the average tariff reduction to approximately 50 percent.

COMMERCE IMPOSES FINE

OF $444,000 ON KOBE

WASHINGTON - The Commerce Department has imposed a $444,000 civil penalty on Kobe Argentina S.A., an Argentine subsidiary of Baker Hughes, Houston.

The Argentine firm, the Commerce Department alleged, in 1987-88 shipped 37 unauthorized re-exports of oil field equipment, including U.S. parts and components to Libya, in violation of a U.S. embargo.

At the same time, Commerce charged, the firm provided restricted information to foreign entities regarding its relations with Israel.

Kobe neither admitted nor denied the charges, but agreed to pay the fine, Commerce said.

GROUP ALLEGES DUMPING

OF SWISS CHEESE

WASHINGTON - The Farmers Union Milk Marketing Cooperative, Madison, Wis., will ask the government to probe Switzerland's cheese exports to the United States for possible dumping.

The Swiss government, said Stewart Huber, the cooperative president, appears to be subsidizing the dumping of the cheese into the United States through "a back-door rebate policy."

He said the Swiss government is engaging in "blatant deception . . . in a classic case of cheese dumping in the U.S. market" by providing $1 a pound rebates to supermarket chains in the New York City area.

Finland, Norway, Denmark and France may be engaging in "similar back-door subsidies of Swiss-type cheese," he said.