SALES DRIVE IN JAPAN
TOKYO - Photo film giant Eastman Kodak Co. will step up its drive to win market share in Japan by selling film at almost 50 percent below normal Japanese market prices, a Japanese wholesaler said Wednesday.
Kodak is locked in a battle for market share against Japan's Fuji Photo Film Co., which has about 70 percent of the Japanese market. In a recent complaint to the U.S. government, Kodak accused Fuji of unfairly stifling competition in Japan.
Nihon Ryutsu Sangyo Co., a wholesaler based in the western Japanese city of Osaka, said it would sell cut-price film supplied by Kodak Japan, a subsidiary of Eastman Kodak of Rochester, N.Y.
TURKEY, RUSSIA DISCUSS
UNREPORTED TRADE FLOW
ISTANBUL, Turkey - Turkey has begun discussions with Russia to regulate and record unreported trade flows, which have surged to around $5 billion annually, Turkish officials said Tuesday.
The officials said Ankara is concerned that poor-quality goods now entering Russia from Turkey will endanger long-term business opportunities in the Russian market.
The officials said they had met with their Russian counterparts last week and said talks would continue over the next few months.
Russian officials said they may impose taxes on unrecorded so-called suitcase trade items to deter the entry of inferior goods, Turkish press reports stated.
Gaining control over the unrecorded trade between Russia and Turkey could narrow Turkey's widening trade deficit. Turkey's visible trade deficit stood at $5.5 billion at the end of June.
TAIWAN PRESIDENT SEEKS
SECOND TERM IN OFFICE
TAIPEI, Taiwan - President Lee Teng-hui announced on Wednesday his intention to run for a second term in Taiwan's first direct presidential elections, drawing swift condemnation from stalwarts even within his ruling party.
"After long and careful consideration I have decided to run," Mr. Lee told a congress of the ruling Nationalist Party. The elections are due in March 1996.
But despite earlier entreaties from Mr. Lee and several congress delegates for unity, Nationalist Party vice-chairman Hau Pei-tsun voiced his immediate opposition to Mr. Lee's bid - raising the specter of a split in party ranks.
ANKARA HOPEFUL ON TURKS
FACING SAUDI EXECUTION
ANKARA, Turkey - Ankara said Wednesday some 70 Turks faced execution in Saudi Arabia but expressed optimism they would be saved from the fate of four Turks beheaded this month for smuggling a banned sex-drug.
"Developments are hopeful," said Prime Minister Tansu Ciller. "The judicial process is still not over.
"I am hoping that our friendly relations with Saudi Arabia and Saudi Arabia's king will not be hurt," the semi-official Anatolian news agency quoted her as saying.
Foreign Ministry spokesman Omer Akbel said there were 70 Turks in Saudi jails who were on death row or faced death sentences under Saudi Arabia's strict Islamic sharia law.
The beheading this month of four Turks caused a furor in Turkey and strained ties between the two countries. The quartet were convinced of smuggling Captagon, touted as an aphrodisiac.