Tuesday, August 14, 2012

China and N. Korea signed agreement on SEZs


China and N. Korea signed agreement on SEZs
China signed agreements with North Korea to increase their joint development of economic zone. They were signed as part of a high-level meeting between the two sides presided over by China's commerce minister Chen Deming and Jang Song-Thaek, a top North Korean official who is the uncle of leader Kim Jong-Un.
They agreed to develop two Special Economic Zones in North Korea. One is in Rason, on North Korea’s east coast and the other is in Hwanggumphyong on the border with China. North Korea and China are jointly developing the former on two islands in the estuary of the Yalu river that marks their border. They also signed agreements on agricultural co-operation and electricity supply.

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