TRADE BRIEFS

TRADE BRIEFS

US MAY LOSE STATUS

IN JAPAN'S OPEN BIDDING

TOKYO - Kozo Igarashi, Japanese construction minister, said Japan may halt preferential treatment for U.S. construction companies in bidding for Japan's major public works projects, the Kyodo News Service said.

Mr. Igarashi, appearing Sunday on Japan Broadcasting Corp. television, charged the United States with making inconsistent demands for Japan to introduce an open bidding system and expand preferential treatment for U.S. companies.

If Japan opens bidding for bigger projects to international companies, it is possible that it will stop such preferential treatment, Mr. Igarashi said.

VIETNAMESE PRESIDENT

TO PAY VISIT TO CHINA

BEIJING - Vietnamese President Le Duc Anh will visit Beijing next week, the first visit by a Vietnamese head of state to China since 1959, as the former foes move to patch up their differences.

The official Xinhua news agency said the president would be in China from Nov. 9-15 but gave no further information.

The last Vietnamese president to visit China was Ho Chi Minh in September 1959.

The two sides agreed last month to shun the use of force over border disputes on land and at sea. The pact was the first since they started border talks 19 years ago.

2 ASIAN NATIONS SIGN

BANK SUPERVISION PACT

JAKARTA, Indonesia - Indonesia's central bank, Bank Indonesia, and the Monetary Authority of Hong Kong signed a memorandum of understanding on banking supervision.

The joint cooperation is in line with the guidelines of the Basel, Switzerland, Bank for International Settlements.

The two sides agreed to joint examination of banks under each other's jurisdiction. They also agreed to exchange information and tell each other of banks facing problems.

A news release at the signing said the deal was prompted by the growing involvement of Indonesian banks in Hong Kong.