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Progress made in development of DPRK economic zones

(Xinhua)

16:57, August 16, 2012

BEIJING, Aug. 16 (Xinhua) -- The development of two economic zones in the Democratic People's Republic of Korea (DPRK) is producing positive results and will enter a stage of investment, China's Ministry of Commerce (MOC) said Thursday.

A joint steering committee for developing and managing the Rason Economic and Trade Zone and the Hwanggumphyong and Wihwa Islands Economic Zone in DPRK held its third meeting in Beijing on Tuesday.

The MOC spokesman Shen Danyang said that China's Jilin and Liaoning provinces and the DPRK's city of Rason has had positive results in compiling detailed plans, setting up managing committees and attracting enterprises to invest in the economic zones.

"Cooperation in some projects have seen preliminary achievements," Shen said.

A road linking the Quanhe port in Jilin Province and Rajin port in DPRK's Rason has been renovated and is now in use. The transportation of cross-border goods through the Rajin port has also started.

Self-driving tours of Chinese citizens to the DPRK are running smoothly, and a pilot area for high-efficiency agriculture has seen positive results, Shen said.

"Construction of the two economic zones has entered the stage of introducing enterprises to invest in the zones," he said.

After the meeting on Tuesday, the MOC said China and DPRK will continue to follow the principle of "government-guided, enterprise-based, market-oriented, mutually beneficial" cooperation in developing the economic zones.

The meeting was jointly presided over by Chinese Minister of Commerce Chen Deming and Jang Song Taek, chief of the central administrative department of the Korean Workers' Party.

The Rason Economic and Trade Zone is in northeastern DPRK's city of Rason, which is adjacent to Yanbian Prefecture in northeast China's Jilin Province.

The Hwanggumphyong and Wihwa Islands Economic Zone is near the estuary of the Yalu River, a border river that runs between the two countries.

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