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February 13 Agreement Implemented after BDA Fund Release

February 13 Agreement Implemented after BDA Fund Release

Posted April. 14, 2007 07:56,   


North Korea’s foreign ministry said that Pyongyang would implement the February 13 agreement reached in the six-party talks if it confirms its frozen funds in Macau’s Banco Delta Asia (BDA) are being released.

This is Pyongyang’s first official response and it comes three days after the U.S. announced Macau’s intention to entirely release the frozen $25 million.

A DPRK spokesperson said in an interview with the country’s official media, “Our financial institution will determine the authenticity of the U.S. announcement. We have an unwavering commitment to implementing the February 13 agreement, and if the release is confirmed, we will take action.”

North Korea is expected to start shutting down its nuclear facilities after confirming the transfer of BDA funds. An invitation to IAEA inspectors for verification will then be extended.

In response, Chun Young-woo, South Korea`s top envoy to the six-nation talks on North Korean nuclear disarmament, said he would wait and see on North Korea’s actions.

On the same day, U.S. Assistant Secretary of State Christopher Hill left Seoul for Beijing. As to the possibility of the North shutting down its nuclear facilities beginning April 14 as stated in the February 13 agreement, he told reporters upon arrival, “It depends on North Korea. I don’t expect anything.”

Questioned of a potential meeting with North Korean nuclear envoy Kim Kye Kwan during his weekend in Beijing, Hill said, “Kim will contact me if he wants to meet me.”

Korea and the U.S. are pushing for a meeting of chief negotiators from the two Koreas, the U.S., and China in the Chinese capital.