EU Achievements

EU Achievements:

(1) Denuclearize DPRK within 5 years - time frame based on signed agreement-

-Following intensive multilateral negotiations between the EU and the DPRK-BC, the DPRK-BC has signed an agreement to join the NPT within the next 5 years. The EU applauds the written intent of the DPRK to join NPT, but nevertheless will monitor the process of denuclearization.

-The EU has collaborated closely with the US and UN on developing a monitoring and safeguard framework for North Korea and is willing to send weapon inspection experts.

(2) Maintain and strengthen economic interests in NE Asia

-Our joint-investment project with the ROK in the special economic zone in North Korea. We have supported Japan’s efforts to free the hostages, by matching their $1BN humanitarian aid packages. Japan and the EU have worked closely and remain strong partners. The EU also participated in the EU-China summit, on political and economic issues.

(3) Establish a FTZ in DPRK

-The EU has decided to expand the current Kaosang Industrial Park (special economic zone) with the investment of $2BN in energy-efficient technology. The $2BN is just a pilot project, for future investment projects.

-The EU and DPRK have made a commitment to educational exchanges between the two regions.

(4) Do not commit any troops to this issue

-No EU troops entered the region

(5) Stabilize relations between US, China, and Russia

-The EU participated in the China-EU summit. The UN drew our attention to the possibility of a Russia-US political dispute. The EU invited the US and Russia to be observers at the China-EU summit in an effort to facilitate. Until the end of the last round Russia allowed the US to base weapons inspectors out of Vladivostok. China and the US have come to an agreement regarding the withdrawal of Chinese military troops along the North Korean border. We have invited the Russian president to the Munich Security Conference and he accepted the offer. The EU will use the opportunity to help improve the relationship between Russia and the US.

(6) Continue humanitarian aid to the DPRK

-The EU has provided $1BN in food and medical supplies to the people of North Korea via the UN World Food Program.

-Over the course of the next 5 years, the EU has committed $7BN in financial aid to develop North Korea’s electrical grid.