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Issue No. 14, April 1997
North Korea-KEDO Discussions Continues
In New York on 18 March, North Korea and the Korean Peninsular
Energy Development Corporation (KEDO) met to discuss financial
matters related to the planned implementation of the 1994 US-North
Korea Framework Agreement, under which KEDO, a US-Japan-South
Korea-led consortium, is to replace North Korea's existing, and
currently suspended, nuclear facilities. According to a KEDO
statement, the purpose of the talks was to draw up "a protocol
concerning actions in the event of non-payment with respect to
financial obligations in connection with the light-water project."
Five protocols relating to the implementation of the Agreement have
already been concluded.
Reports: Fresh discussions on nuclear project in New
York next week, Agence France-Presse International News, 13
March; KEDO and N. Korea start financial protocol talks,
Reuter News Reports, 18 March.
© 1998 The Acronym Institute.
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