| South has insisted on
the necessity of systematic measures to the north
through South and North Minister-level meeting held
by South and North Joint Declaration on 15 June.
As a result, South and North Korea agreed on guarantee
of investment and prevention of double taxation
in order to develop economic cooperation in the
2nd South and North Minister-level meeting.Therefore,
South and North carried out economic cooperation
working-level talks twice and made a compromise
agreement with 4-agreement text of an economic cooperation.
At last, the chief on each side affixed their signature
to it on 16 Dec., 2003 in the 4th South and North
Minister-level meeting. After that, 4-agreement
text of an economic cooperation became effective
formally by exchanging of effectuation notice on
20 Aug., 2003 after various mutual consent and investigation
by experts. |
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| The
2nd South and North Minister-level meeting |
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South
& North Economic Cooperation
Working-level Talks |
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| 4-agreement text of an economic cooperation
is significant as joint rule was made by mutual
consent between south and north for the first time.
South and north economic cooperation will develop
gradually on the foundation of safety by effectuation
of 4-agreement text. As a result, it might have
influence on organization in other field. |
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