TRADE BRIEFS

TRADE BRIEFS

CANADIAN AUTO WORKERS

RATIFY CHRYSLER PACT

TORONTO - Members of the Canadian Auto Workers Union ratified a new three-year labor contract with Chrysler Canada.

The deal provides for pay increases of 2 percent, 1.5 percent and 1 percent over the next three years. It also contains job-creation clauses and more flexible overtime provisions.

According to Canadian Press, over 80 percent of the CAW members who voted in the ballot approved the deal. Ballots were cast, however, by only about two-thirds of the 10,500 CAW members at Chrysler.

GEORGIA IMPOSES

STATE OF EMERGENCY

TBILISI, Georgia - A state of emergency was imposed Monday in Georgia to help the authorities fight bandits, organized criminals and armed rebels fatally undermining law and order in the former Soviet republic, Georgian officials said.

Since gaining independence two years ago, Georgia has been threatened by a soaring crime rate that has been no match for a demoralized and poorly equipped police force.

The new regime targets runaway crime and anti-government rebel units, but it also bans public meetings and demonstrations.

UK Revokes, Reissues

Export Licenses to Iraq

LONDON - Britain has revoked all export licenses for companies exporting goods to Iraq that are exempt from a United Nations trade embargo after it discovered that some may have been doctored, the Department of Trade and Industry said Monday.

The department said it will reissue the licenses to conform to new U.N. standards authorizing trade with Iraq.

The United Nations issued trade sanctions against Iraq, limiting all but humanitarian aid, after Iraq invaded Kuwait in August 1990.

U.N. letters of authorization, which are needed for goods not listed strictly as humanitarian aid, will be issued for 120 days and in some cases for six months.

UZBEKISTAN, RUSSIA

OK MONETARY MERGER

MOSCOW - Russia and Uzbekistan signed an agreement to merge the two countries' monetary systems, in line with the framework deal on the new ruble zone signed by Russia, Belarus, Kazakhstan, Uzbekistan, Tajikistan and Armenia on Sept. 7.

The signing of a bilateral agreement with Kazakhstan is expected early this week, before the heads of the Commonwealth of Independent States meet in Moscow on Sept. 24.

The meeting of the heads of state will make it clear whether the remaining commonwealth states wish to join the new ruble zone.

SLOW MARKET MAY HURT

JAPAN'S US PARTS GOALS

TOKYO - Japan would have difficulty boosting U.S. auto parts purchases as promised in bilateral trade talks, as Japanese car production has been decreasing, a Ministry of International Trade and Industry official said Friday.

Japanese automakers have been suffering from the strong yen, which has raised prices of its cars abroad, as well as sluggish consumer demand at home.

Profits at Japanese carmakers are falling, while those for the Big Three U.S. automakers have been rising the past half year, the MITI official said.

Auto parts will once again be a focus of the U.S.-Japan trade framework talks, which convene in Hawaii this week.