TRADE BRIEFS

TRADE BRIEFS

BUDGET GLITCHES RESOLVED

IN NAFTA LEGISLATIONThe Clinton administration Tuesday worked out some last-minute budget problems hindering the bill implementing the North American free-trade agreement. The legislation is expected to be introduced in Congress today.

Under Senate budget rules, the administration was forced to propose a 10- year imposition of increased Customs processing fees for passengers. Under House rules, only a five-year increase in the fee was necessary.

The $1.50-a-passenger increase - which will be dedicated to the Customs service - is expected to generate about $1.5 billion over five years. Congressional budget aides were expected to decide Tuesday how much the additional five years of the fee will generate.

The budget exercise in necessary because of congressional rules that require new spending initiatives to be offset with spending cuts or tax increases.

Republican House members who successfully whittled down the original plan for a $5-a-passenger increase are not expected to object to the extra five years of the fee increase.

MEXICAN GRATING FIRM

PURCHASED BY HARSCO

CAMP HILL, Pa. - Harsco Corp. has completed its acquisition of Electroforjados Nacionales, a subsidiary of the Mexican construction company Empresas ICA Sociedad Controladora SA.

The purchase price was not disclosed.

ENSA, located in Queretaro, Mexico, manufactures and sells steel and fiberglass grating products and had sales in 1992 of about $10 million.

Harsco provides products and services for defense and industrial construction applications from more than 175 facilities in the United States and 28 foreign countries.