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N.Korea, China Sign New Economic Cooperation Accord

29/07/2010 12:29:34 PM GMT   Comments ()     Add a comment   Print     E-mail to friend

The two Asian traditional allies North Korea and China signed on Thursday a new accord on economic and technical cooperation, state media said.

The accord was signed in Pyongyang between the North's foreign trade minister Ri Ryong-Nam and Chinese ambassador to Pyongyang Liu Hongcai, the official Korean Central News Agency (KCNA) said, without disclosing details.

China is the North's main supplier of energy and food. The two sides have signed a series of agreements on cooperation in economic, technological and other fields.

Reports say China is considering offering the North more economic aid if it agrees to return to six-nation nuclear disarmament talks chaired by Beijing.
The six-nation nuclear disarmament groups China, North Korea, South Korea, Japan, US and Russia.

The new accord comes amid high tensions in the region over the sinking of a South Korean warship near the disputed inter-Korean border with the loss of 46 lives.
North Korea vehemently denies any role in sinking the Cheonan corvette in March.

US and South Korean forces Wednesday wrapped up a four-day naval and air exercise -- the first in a series -- which they said was intended to warn the North against further attacks.

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Source: Al Manar

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