Joint Press Release of the 4th Working-level Meeting for Inter-Korean Economic - Pyeongyang ( December 20, 2003 )
ROK Ministry of Unification
2004-01-13
Joint Press Release of the 4th Working-level Consultation for the Inter-Korean Economic Cooperation System
Two Koreas held their 4th working-level consultations for the Inter-Korean Economic Cooperation System in Pyeongyang on December 17-20, 2003.
They discussed issues concerning "institutional guarantees" that would help enhance inter-Korean economic cooperation, in accordance with the basic spirit of the June 15, 2000 South-North Joint Declaration. They agreed as follows:
1. The South and the North discussed matters concerning the passage to and from Gaeseong and Mt. Geumgang; the two sides will continue consultation over the topic through working-level contacts as early as possible.
2. The South and the North agreed to build communication lines connecting Seoul, Gaeseong and Pyeongyang as part of measures to enhance economic cooperation and expand their direct trade.
The two sides will continue consultation to determine how to proceed with the project, including details about connection methods and other procedures, at subsequent working-level contacts.
3. The South and the North agreed to exchange economic cooperation-related statutes and regulations for review, and the exchange will take place through the exchange of documents. The two sides will also continue consultation on matters concerning industrial property rights.
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