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Russia and the DPRK will discuss the model of trade and economic cooperation for a qualitative breakthrough

From 30 September, 1 October, the Minister of Foreign Affairs of the Democratic People's Republic of Korea Lee Su Yong will pay an official visit to Russia, the Russian Foreign Ministry reported.

The official representative of the Ministry of Foreign Affairs of Russia, Alexander Lukashevich, said that the Ministers will consider topical issues of bilateral cooperation, including issues of intensifying political dialogue and trade and economic cooperation. They exchange views on the situation on the Korean peninsula and in the Northeast Asia region as a whole.

Among the key items on the negotiation agenda are foreign policy cooperation between Russia and the DPRK, which is a very significant factor in maintaining peace and stability in Northeast Asia. There will be an exchange of views on pressing international issues, including the situation in Ukraine and in the Middle East region, as well as on the situation around the Iranian nuclear program, on the efforts to form a new security architecture in the Asia-Pacific region.

Sergey Lavrov and Lee Soo Young will sum up the results of joint efforts to update the juridical base of bilateral relations. Tasks have been outlined for the early completion of work on a number of joint documents in various fields - from cultural and humanitarian to technical and financial.

Practical aspects of bilateral relations, including in the sphere of economy, will be analyzed. We will talk about how to jointly formulate a model of Russian-Korean trade and economic cooperation that would allow us to make a qualitative leap and, in the foreseeable future, to bring the commodity turnover to the level of 1 billion US dollars.

The parties will discuss the implementation of major investment projects, including the functioning of the intermodal transshipment complex in the port of Rajin, as well as new programs implemented according to the formula "Russian equipment and investments in exchange for Korean mineral raw materials." The achievement of the stated goals is intended to be facilitated by the entry into force of the Agreement on the settlement of the DPRK's debt to Russia on loans granted during the former USSR.

Following the talks, Sergey V. Lavrov and Lee Soo Yong will sign a Plan for inter-MFA exchanges for the 2015-2016 years.

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