China, DPRK meet for 3rd time to discuss 2 economic zones
Source: Xinhua |
August 15, 2012, Wednesday
|
Print Edition
Print Edition
CHINA and the Democratic People's Republic of Korea held a third meeting in Beijing yesterday on developing two economic zones in the DPRK, China's Ministry of Commerce announced.
Chinese and DPRK officials attended the meeting of the joint steering committee for developing and managing the Rason Economic and Trade Zone and the Hwanggumphyong and Wihwa Islands Economic Zone, according to the ministry.
"Both sides reached the consensus that the cooperation in developing the two economic zones has yielded impressive results and entered the stage of substantial development," the ministry said.
The two sides have jointly compiled related plans that will contribute to progress in establishing mechanisms, training personnel, compiling detailed plans, laws and regulations, facilitating customs clearance, establishing telecom links, cooperating in agriculture fields, as well as building projects, according to the ministry.
The DPRK has amended the law for the Rason Economic and Trade Zone, and passed a law for the Hwanggumphyong and Wihwa Islands Economic Zone.
"The two sides stress that further promoting the cooperation in developing the two economic zones actively will play a significant role in consolidating the traditional friendly and cooperative relations, reinforcing exchanges in other fields, boosting economic growth of both sides and enhancing regional stability and prosperity," the ministry said.
The two sides will continue to follow the principle of "government-guided, enterprise-based, market-oriented, mutually beneficial" cooperation in developing the economic zones.
They signed agreements on subjects, including operations of the committees, economic and technological cooperation, agricultural cooperation, electricity supply for the Rason zone, zone construction and detailed planning.
Chinese and DPRK officials attended the meeting of the joint steering committee for developing and managing the Rason Economic and Trade Zone and the Hwanggumphyong and Wihwa Islands Economic Zone, according to the ministry.
"Both sides reached the consensus that the cooperation in developing the two economic zones has yielded impressive results and entered the stage of substantial development," the ministry said.
The two sides have jointly compiled related plans that will contribute to progress in establishing mechanisms, training personnel, compiling detailed plans, laws and regulations, facilitating customs clearance, establishing telecom links, cooperating in agriculture fields, as well as building projects, according to the ministry.
The DPRK has amended the law for the Rason Economic and Trade Zone, and passed a law for the Hwanggumphyong and Wihwa Islands Economic Zone.
"The two sides stress that further promoting the cooperation in developing the two economic zones actively will play a significant role in consolidating the traditional friendly and cooperative relations, reinforcing exchanges in other fields, boosting economic growth of both sides and enhancing regional stability and prosperity," the ministry said.
The two sides will continue to follow the principle of "government-guided, enterprise-based, market-oriented, mutually beneficial" cooperation in developing the economic zones.
They signed agreements on subjects, including operations of the committees, economic and technological cooperation, agricultural cooperation, electricity supply for the Rason zone, zone construction and detailed planning.
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