TOKYO - Japan and the European Union raised the quota for Japanese car exports to the EU by 53,000, or 4.8 percent, to 1,167,000 for 1998. The 1997 quota was 1,114,000.
The quota, or 'monitoring framework,' is based on projected EU-wide 1998 sales of 14.7 million, up 2.0 percent from 1997, said Hisashi Sekine, an official in the automobile division of Japan's Ministry of International Trade and Industry. The quota was set at a Japan-EU monitoring meeting held in Tokyo 23-25 March. Japan's actual exports to the EU in 1997 were 1,031,000, up 28 percent from 1996.
Japan's quota for exports to the UK was cut slightly for 1998, to 186,000 from 188,000 in 1997. However, the quota for exports to France rose 17.9 percent to 111,100.
The EU-Japan agreement calls for setting quotas for Britain, France, Italy, Spain, Portugal and the EU as a whole. There are no individual quotas for exports to the other EU member states.