European Stars And Stripes (Newspaper) - April 21, 1985, Darmstadt, Hesse                                April 1985 the stars and stripes Page 19 Tokyo frustrated by demands of open Market to goods business news those sneaky japanese now there usin6 our by Michael Ross Tokyo up japanese officials and businessmen Are growing increasingly frustrated by demands that they do More to open up their markets to foreign goods to reduce their billion Trade sur plus with the United in recent the frustration has turned to anger As harsh criticism of mixed with threats of a Trade emanate from the american Side has been acting not one senior japanese Trade official irrational actions will prompt the same kind of reaction from the other we Hope this wont we Hope the american Side will act More rationally in the american businessmen in Tokyo also report their japanese counterparts Are complaining with increasing bitterness about unreasonable they Are starting to resent the pres they Are coming out and saying they Are saying Treyve had says the head of one american corporation in Trade friction Between Washington and Tokyo is a perennial As regular and predictable As the Cherry blossoms that Bloom in Tokyo every but this the problem has grown More serious of pharmaceuticals and forestry prod negotiators entered the so called Moss Market opening sector Selec Tives talks with a sense of urgency be cause of new regulations that went into effect april when japans giant Tele phone and tobacco monopolies were converted to private the two industries together represent an estimated billion a year Market and companies were hoping to Cap Ture a sizable share of it in much the same Cal year a move expected to add at least another billion to the Trade Defi Cit the Senate finance committee was Quick to retaliate with a Bill that would oblige president Reagan to Cut Back Japa Nese the move shocked and angered Japa Nese who Felt Japan was being penalized for a problem for which the United states is chiefly to in their the main reason for the Trade deficit is the overvalued which makes exports to Japan More expensive and japanese exports to the Way As japanese companies invaded the telecommunications Market upon the f i i ui1u to Lvi breakup of the american Telephone and United states correspondingly Telegraph a year 6 3 v although tobacco was not a focus of the Moss the telecommunications Issue was seen As a test of japans intentions to open its markets to overseas com but so the american Side feels the results have been mixed at while they concede Japan has made a number of officials say Japan is re n r Ductant to dismantle All of the adm Nistra Tokyo a preliminary figures Tive barriers that prevent companies show Japan fade surplus for fiscal from having the same Access to its markets 1984 reached a record finance ministry officials japans Trade surplus hits record of billion that japanese firms have in the United what Treyve Given us so far int said one Veteran Trade be what we want is equal we dont have it the slow Pace of the Moss talks reinforced fears that Japan was until by several on the there is mounting alarm at the size of the Trade deficit billion in 1984 and because the deficit with Japan accounts for nearly one Ling to give american companies a real third of slice of its telecommunications pie and fun eled the growing protectionist mood in when Japan announced april 1 that it was increasing Auto exports to the United states by 24 percent Over the coming Fis to reduce that the United states pressured Japan in january to agree to talks aimed at securing equal a Cess for foreign firms in four key sectors High tech Tele Communia japans Trade deficit with some countries brought the Overall total Down to Bil lion dollars although the preliminary Fig ures showed Japan had a surplus in trading with the United states and a surplus in trading with the european exports to the european Community stood at Bil while imports totalled the preliminary report a ministry who declined to be said the surplus with the United states climbed 61 percent to Bil lion on a customs clearance basis for the year ending March the total for the previous year was japans exports to the United states in fiscal 1984 totalled a record and imports were a record he the official said the figures were provisional and resulted from a simple subtraction Between exports and the ministry later this month will announce definitive figures after various adjustments for currency taxes and other Var he said Japan suffered a considerable deficit from developing nations for the Pur Chase of Oil and other raw materials but gained from industrialized countries through sales of manufactured digest 200 chinese to participate in credit card Experiment peking a a few Hundred specially selected chinese will get a taste of credit card shopping under an Experiment in the Southern special economic zone of Zhu it is the latest capitalist innovation introduced in this Reform minded communist Bank of China officials in peking confirmed Hong Kong reports that the Banks Chuhai Branch plans to Issue about 200 credit cards to chinese business managers and executives in the the officials said the credit cards will be for use in Chuhai at 20 including restaurants and unlike Western credit the establishments will directly Bill the car users Bank which must maintain a minimum balance of about officials american airlines resumes German flights after 35 years Frankfurt a american whose Pas Senger and cargo service helped the allies break the soviet blockade of Berlin in resumed regular flights to Germany recently after a 35year two dc10 airliners from Dallas fort Worth and Chi Cago airports touched Down at Frankfurt International Airport in mid morning and the passengers were greeted by a brass band and the cheers of assembled chamber of Commerce and City officials at the arrival officials then Tore a huge White and Blue plastic Sheet in two As a ribbon cutting More than 100 former employees of american airlines who served in Germany in the 1940s then gathered in a reunion lunch Eon at a nearby in addition to the daily chicagoan Dallas fort Worth Frankfurt american airlines also began nonstop service to Paris on three years after establishing a route to wheelin Pittsburgh reported bankrupt Pittsburgh a wheelin Pittsburgh steel directors have voted to file for Protection from creditors under chapter 11 of the Federal bankruptcy according to a source connected to a failed Effort to win concessions from wheelin Pittsburgh probably could continue operating while a bankruptcy court Shields it from creditors and directs the development of a plan to return the corporation to about jobs and the pensions of Blu Collar retirees hang in the the company reportedly owes company director Peter vice presidents Robert Good and Manfred Rose and company spokesman Ken declined to confirm or deny the report of the directors Allen a director and leading reported the boards decision to United steelworkers of America negotiator Paul Rusen in a Telephone Call Accord ing to the who spoke Only on condition of Anonym Rusen also declined the source said the company tried to win further con Cessions from the which already granted Concession Worth million and said it would agree to a two year contract yielding an additional million in labor Cost but in the absence of any concessions from its the company failed to persuade Union negotiators to drop total labor costs below per the source a recent wave of cheap imported steel and depressed prices worldwide sapped Wheeling Pittsburgh ability to pay Loans it took to modernize its nine plants in West Pennsylvania and analysts said a chapter 11 filing would not necessarily mean the end of work at the com Pany could continue to operate while the court protects it from its the wonderful track record of company chairman Dennis Carney regarding his Success in keeping his com Pany operating As Long As he has suggests to me that the interlude of court Protection May be very constructive said John a steel analyst for Oppen Heimer a new York investment a chapter 11 filing would give wheelin Pittsburgh time to try to figure out How to become said Jane an analyst for Standard poors Yam must be Etc says Washington a every textile or Wool product sold in the United states must Bear a conspicuous Label informing customers of its country of under regulations announced by the Federal Trade the new required by will take effect 30 Days after they Are published shortly in the Federal Regis from then garments or yarn or their packages must Bear labels such As made in made in made in Hong Kong to identify the country where the manufacturer obtained its the regulations implement amendments approved by Congress last september to two earlier statutes that Are intended to protect producers and purchasers against mis branding or false advertising of the contents of Wool and textile these goods already must Bear labels stating the percentage of each fiber in a product and the identity of the the new rules require labels disclosing the country of origin of materials used in the manufacturing the Etc said a garment manufacturer must use labels identifying the country where he obtained his cloth or and a yarn manufacturer must identify the source of his products made entirely in the United states must Bear labels Reading made in the or equivalent in Labelling imported manufacturers must use the name of the country where the customs service deter mines the product was