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Trade Forum Held

Pyongyang, May 5 (KCNA) — A trade forum was held on May 4 and 5 at Yanggakdo International Hotel here under the co-sponsorship of the DPRK Ministry of Foreign Trade and the UN Development Programme.

Kim Myong Chol, general director of the Bureau of Cooperation for International Organizations, in an inaugural speech, said that the current forum would help improve foreign trade, enhance trading effect, understand methods of international standard trade and grasp the trend of trade development in Asia and other parts of the world.

Abu Selim, UNDP resident representative a.i., in his speech noted that the forum offers a significant occasion in exchanging experience gained by trade experts of Korea, international organizations and different countries in practice. It is important to establish cooperative relations for developing trade and external economy, he said, adding:

The UNDP will organize more dialogues and forums to strengthen cooperation and continue to cooperate with the international community at large including the DPRK.
A congratulatory letter to the forum from the UNDP office was read out there.

Vice-Minister of Foreign Trade Ri Myong San, speaking next, expressed thanks to the UNDP for having rendered positive cooperation to develop the trade in the DPRK, noting that the DPRK government has pursued an invariable policy to develop trade and economic relations with all other countries which are friendly towards the DPRK in the idea of independence, peace and friendship.

He stressed that the DPRK would as ever boost foreign trade, raise the quality of highly demanded second and third processing products to the world’s level by harnessing rich raw material resources, explore foreign markets and introduce advanced science and technology in a bid to steadily develop trading and economic relations with other countries of the world.

Then followed discussions.

Introduced at the forum were the trade policy and judicial system in the DPRK and its trading environment and conditions, the trend of international trade development and experience gained by different countries in trade. The forum discussed the issue of improving trading procedure and mode, co-relation between trade and investment and other technical matters.

Present there were representatives of the UNDP and other international bodies, and trade experts of Malaysia, Singapore, Germany, the United Kingdom and Australia, UNDP Resident Representative a.i. Abu Selim and economic and commercial councilors of embassies here.

Image credit: https://www.flickr.com/photos/comradeanatolii/7163546964/

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