Koreas agree economic pact

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The Independent Online
SEOUL (Reuter) - North and South Korea yesterday agreed the final details of a landmark accord on cross-border economic exchanges, laying the framework for post-Cold War trade.

A spokesman for the South- North Dialogue Office in Seoul said the final items in a 70-article agreement were decided at a meeting between officials of the Communist North and capitalist South at the border village of Panmunjom.

'Both Koreas have reached agreement on a supplementary accord on economic and other exchanges and co-operation,' the spokesman said.

The accord includes agreement on direct transport links, mail services and steps to promote trade and economic exchanges between the two ideological foes.