N. Korea invites Russian investors to jointly develop Rason

North Korean consul in Nakhodka Sim Guk-ryon invited Russian investors to jointly develop the North Korean district of Rason at a meeting with the parliament speaker of Primorye Viktor Gorchakov, the press service of Primorye's Legislative Assembly says.

"My country has adopted new rules of investment. We are inviting Russian firms to take part in the development of Rason. Modern highways have been built there," the diplomat said.

Gorchakov said Primorye is interested in joint farming projects.

"It is really high time to revive economic cooperation. The construction of a gas pipeline to the south of Primorye implies the formation of advanced infrastructure on our borders. In this case efforts to upgrade railway communications will also be intensified," he said.

The North Korean consul added that "there are understandings on two flights a week between Vladivostok and Pyongyang." He did not specify what carriers had reached such an understanding or when the flights would begin.

The North Korean consul voiced hope for the further strengthening of contacts with Russia. He said that in 2013 North Korea will be emphasizing the development of light industry and farming "for a crucial turn in improving the living standards of the population."

"In my opinion, there is great potential to develop economic ties between our countries. There are a number of industries in which we can advance effectively," he said.

The press service of the Primorye parliament recalls that in the economy, Primorye and North Korea closely cooperate in construction. Processing sea products and shipbuilding will become new directions.

The Rason district of North Korea borders on China's Jilin province and Russia's Primorye Territory.

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