TRADE BRIEFS

TRADE BRIEFS

US, EU FARM EXPERTS

END GRAIN RULE DISPUTE

BRUSSELS - Farm trade experts from the United States and the European Union have met in Geneva to try to resolve differences over EU grain import regulations, introduced under the Uruguay Round.

An EU spokesman said the dispute centered on the new EU practice of basing import tariffs on Chicago prices, while the United States wanted tariffs to be imposed on a load-by-load basis.

He said that the EU regulations had not had any significant impact on the quantities of U.S. grain imported into the EU.

The result of the Wednesday meeting was an agreement for the EU to provide clarification of its system in writing, with this probably followed up in coming weeks by another meeting in Geneva.

GM CHIEF AIMS TO SPEED

EXPANSION OVERSEAS

FRANKFURT, Germany - Jack Smith, chief executive of General Motors Corp. , said Wednesday he wants to accelerate the carmaker's global expansion and largely plans to use GM's Opel car platforms to mount his assault.

"From where I sit, I really think we need to grow in these developing markets," he told reporters at the Frankfurt International Motor Show. "I'd like to see us moving faster."

Mr. Smith, who previously ran GM's Zurich, Switzerland-based international automotive units, said he also foresees the day when GM's operations outside North America will make make up the majority of the automaker's sales.

North America now makes up 65 percent of GM's sales. "It will happen. I don't know the year," he said.

He declined to identify countries in which operations would be based, but said China, India and Indonesia were among the most attractive.