FORTUNE TELLING: NORTH-SOUTH ECONOMIC TALKS THIS WEEKEND
by Richardson ~ July 8th, 2005. Filed under: Economics, Engagement.From Yonhap News, “Two Koreas to resume suspended economic talks this weekend“:
South and North Korea are to resume economic talks this weekend to discuss ways of further boosting inter-Korean economic cooperation, officials said Friday… The main agenda of the July 9-12 meeting… is to review progress on joint cross-border projects such as transportation links and cooperation in the fisheries sector said… The two sides are also expected to discuss North Korea’s request for 500,000 tons of rice aid…
Separately, a convoy of 80 orange-colored South Korean trucks is scheduled to drive into North Korea across the western sector of the border Saturday to deliver 150,000 tons of fertilizer aid. The overland delivery is scheduled to wrap up by July 20. So far, Seoul has provided 1.75 million tons of free fertilizer to the North. South Korea has said it is ready to offer vast amounts of economic aid to its impoverished communist neighbor if the latter abandons its nuclear arms program…
The consensus among contributors is that North Korea will; a) ask for even more rice (yes, this happened) and fertilizer, b) encourage the South to continue and increase investments in the North, and c) show its gratitude by continuing to not set a date for the Six-Party Talks. Results on Sunday or Monday.
Update (10 July): Well, we were wrong, NK agreed to return to talks the week of the 25th of July:
North Korea said Saturday it will abandon its yearlong boycott of nuclear disarmament talks and resume negotiations this month with the U.S. and four other nations… during the week of July 25.
We will go out on the same limb again to predict that the talks, while perhaps offering a roller-coaster of hope in the press, will not produce. More on this topic in early August…
More updates (11 July):
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From the U.S. Department of State website: “Secretary Rice (July 10): “[T]he one thing that is very clear is that the nuclearization of the Korean Peninsula is a problem for the whole region. That’s why the six-party framework is the right framework.” [full text; also see Secretary Rice’s trip page] ”
And from Yonhap, “White House says N.K. must come to talks ready to make progress.”
Chosun Ilbo: Seoul to Offer N.Korea Int’l Security Guarantees
JoonAng Ilbo: Seoul gears up for coming 6-party round
FYI: On this date in 1994, Kim Il Sung died, reportedly of heart failure.


