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More inter-Korean talks set today

May 02,2007
South and North Korea are scheduled to talk about swapping raw materials and natural resources this week, the Unification Ministry said yesterday.
South Korea agreed last month to provide raw materials to the North to help it produce clothing, footwear and soap in June in return for natural resources.
To work out details for the project, the two sides will hold working-level negotiations in the North Korean border city of Kaesong for two days starting today.
Initially, South Korea agreed to offer raw materials to help the North’s struggling light industry sector in 2005. In return, the North was to provide the South with minerals, such as zinc and magnesite, after mines were developed with South Korean investments guaranteed by Pyongyang.
But the economic accord was not implemented as North Korea cancelled the scheduled test runs of the cross-border railways in May 2006. The new test runs are scheduled again for May17.



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