Inter-Korean economic cooperation: more myth than reality?
Any future projects will likely need to be tied to concrete action towards denuclearization
The Panmunjom Declaration stated that North and South Korea “agreed to actively implement the projects previously agreed in the 2007 October 4 Declaration, in order to promote balanced economic growth and co-prosperity of the nation.”
Recent events suggest that in spite of the restrictions, the two Koreas are actively pursuing negotiations towards economic cooperation vis-à-vis transportation corridors, particularly following the recent visit of Moon Jae-in to Moscow.
This analysis agrees that the easing of UNSC sanctions are a vital lifeline towards fostering greater inter-Korean economic cooperation, and that recent discussions regarding the cultivation of transportation links
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- 07What the latest U.S. sanctions advisory means for North Korean operations at sea
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