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Inter-Korean Meeting Held

Korean Central News Agency of DPRK

    Phaju, April 22 (KCNA Correspondent) -- The third meeting of the North-South Working Panel for the Settlement of Accounts was held in Phaju, south Korea, from April 20 to 22. At the meeting the north and the south discussed issues that may arise in settling accounts in 2004 for implementing the agreement on the settlement of accounts that had already been concluded and adopted an agreement.
    Laid down in the north-south agreement for the settlement of accounts in 2004 are mode of exchange of goods and its period, the matter of discussing and confirming the items of goods, credit limit and interests rate and the issue of concluding contracts between corporations and companies, etc.
    The two sides decided to further discuss and adopt in a short time an agreement on the settlement of accounts between the Foreign Trade Bank of the north side and the Export and Import Bank of the south side.