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International Conference on SEZ Development Opens in DPRK


Pyongyang, October 16 (KCNA) -- The International Conference on Special Economic Zone (SEZ) Development opened at the Yanggakdo International Hotel in Pyongyang on Wednesday, with economists from the Democratic People's Republic of Korea, Canada and other countries in attendance. In this regard, KCNA met Ri Chol Sok, vice-president of the Korea Economic Development Association. Ri said: The conference takes place at a time when the DPRK is paying deep attention to developing special economic zones in local areas, as the Rason Economic and Trade Zone. The conference deals with present-day situation and prospect of the special economic zones in the DPRK and its laws for SEZs, characteristics of special economic and exports processing zones in China and Vietnam as well as the experiences gained in developing them. It also introduces the roles the zones play in the economic development in each country. The DPRK has constituted a series of laws for ensuring free business activities in the zones. Meanwhile, the country is making efforts to improve economic management methods, while consolidating the socialist economic system. This conference will mark a good occasion in promoting international exchange and cooperation and in developing the economy of the country.