TRADE BRIEFS

TRADE BRIEFS

EU TRADE BALANCE:

BETTER WITH US, JAPANThe European Union improved its trade balance with both the United States and Japan last year, the European Commission's statistics office said.

Eurostat said the EU's trade surplus with the United States climbed to 1.9 billion European Currency Units ($2.4 billion) in 1994 from 1.4 billion ECUs ($1.8 billion). In 1992 the figure was a deficit of 13 billion ECUs ($16.4 billion).

The 15-nation bloc's trade deficit with Japan edged down, to 22.2 billion ECUs ($28 billion) last year from 24.7 billion ECUs ($31.1 billion) in 1993, Eurostat said.

It said EU imports from the United States rose 11.3 percent in 1994, while exports climbed 11.7 percent.

Germany had the lion's share of exports to the United States with 30 percent of the EU total, while Britain remained the biggest market for U.S. goods at 27 percent of the EU total.

MALAYSIA LAUNCHES

ITS FIRST EX-IM BANK

KUALA LUMPUR, Malaysia - Malaysia launched its first export-import bank last week at a Bank Industri Malaysia-organized news conference officiated by Deputy Prime Minister and Finance Minister Anwar Ibrahim.

Mr. Anwar said the Ex-Im Bank, which is owned by Bank Industri, would help Malaysia penetrate markets beyond traditional ones in the United States, Europe and Japan.

Bank Industri Malaysia is an industrial development bank with the government as a major shareholder.

The government has allocated an initial sum of 150 million ringgit ($60 million) as paid-up capital for the bank. The sum may be doubled to 300 million ringgit within five years.

MEXICO'S EXPORTS UP,

IMPORTS DOWN FOR JULY

MEXICO CITY - Mexico's July exports surged to $6.09 billion, up 28 percent from a year ago, and imports were $5.50 billion, down 13 percent from a year ago, according to the Finance Secretariat.

In the first seven months of the year, Mexico had a trade surplus of $3.67 billion, vs. a deficit of $10.32 billion in the same period in 1994.

ERICSSON TO SUPPLY

EQUIPMENT TO ARGENTINA

STOCKHOLM, Sweden - Swedish telecommunications group Ericsson said late last week it received orders worth 1.5 billion kronor ($206 million) to supply mobile telephone equipment to Argentine operators.

A company statement said the contracts were for supply of D-AMPS/AMPS equipment to Telefonica Comunicaciones Personales SA, Compania de Comunicaciones Personales del Interior and Movistar.

D-AMPS/AMPS uses the Time Division Multiple Access technology upon which Ericsson has so far concentrated.

In July Ericsson lost a major order from the Sprint cable network to a competitor offering the rival Code Division Multiple Access system.

But Ericsson said it would present its own CDMA patent to the industry association CTIA, although it still regarded the technology as insufficiently developed.