PRAGUE, CZECHOSLOVAKIA - Taiwanese electronics maker Foxconn is negotiating for the purchase of a plant in central Bohemia, according to industry sources.

According to reports, the company established its subsidiary Foxconn Technology in January, in order to work on a purchase. The company already has plants in Pardubice, eastern Bohemia, and Kutna Hora, central Bohemia.

Jim Chang, company president, said that the company is interested in buying a plant because of strong demand for computers and other electronics, adding that since it would not have time to build a plant, the company was looking to buy one already in operation.

Reports suggest that one possible purchase could be TV maker Changhong in Nymburk, central Bohemia, which began operations last year. Changhong did not comment on a possible sale.

Foxconn is one of the world's largest producers of electronic products, and the third largest Czech exporter, employing more than 300,000 in its plants around the world.

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GENEVA — The World Trade Organization ruled in favor of the United States and the European Union and against China in an auto parts tariff dispute. This is the first time the WTO has ruled against China in a trade dispute. 

The WTO panel acknowledged the U.S., Canadian and EU claims related to auto components tariffs. They agreed the tariffs discriminated against foreign automakers assembling cars in China, and therefore was contrary to WTO rules.

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