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N., S. Korea agree to hold 2nd economic talks in Oct.

SEOUL, Sept. 26 Kyodo

Working-level officials from North and South Korea agreed Tuesday to hold a second round of economic talks on Oct. 18 in Pyongyang, aiming at concluding a double taxation avoidance pact and an investment guarantee agreement, according to a joint statement.

The two sides met Monday and Tuesday in Seoul for talks on economic cooperation, the first such meeting between the two Koreas in 15 years.

After the talks, the two sides issued a joint statement saying they also agreed to continue to discuss a system to settle commercial disputes and an open account system, which is commonly used for payment arrangements with socialist countries.

South Korean Assistant Minister for Finance and Economy Lee Keun Kyung and Jong Un Op, chairman of North Korea's National Economic Federation, headed their countries' respective delegations.

The talks were agreed upon at the second inter-Korean ministerial meeting in late August in Pyongyang.
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Publication:Asian Political News
Date:Oct 2, 2000
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