China, North Korea to develop economic zones

August 15, 2012 | Filed under: Business | Posted by:

Beijing, Aug 14 (IANS) China will develop two economic zones in North Korea, China’s commerce ministry announced Tuesday.

Both sides met here Tuesday to discuss the setting up of Rason Economic and Trade Zone and Hwanggumphyong and Wihwa Islands Economic Zone, the China Daily reported.

A joint mechanism to train personnel, for compiling plans and regulations, customs clearance and telecom links will be established, according to the ministry.

Both countries have signed agreements on the proposed economic zones.

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