The sixth round negotiation of the six-party talks on the Korean Peninsula
nuclear issue started in Beijing this morning after the Democratic People's
Republic of Korea (DPRK) and the United States reached an understanding on a
frozen fund issue.
The United States agreed to transfer the DPRK-related frozen fund at
Macao-based Banco Delta Asia (BDA) to a Chinese bank in Beijing, said U.S.
Deputy Assistant Treasury Secretary Daniel Glaser Monday morning before the
nuclear talks started.
"We have assurances the funds are going to be transferred to a bank in
Beijing to be used for humanitarian and educational purposes," said Glaser in a
The DPRK has proposed the transfer of the roughly 25 million U.S. dollars
into an account held by DPRK's Foreign Trade Bank at the Bank of China in
Beijing, the statement said.
In September 2005, the U.S. Treasury Department, suspecting the BDA of
helping the DPRK launder money, ordered American financial institutions to
suspend business ties with the Macao-based bank, which subsequently froze the
U.S. dollar accounts held by the DPRK government.
Rejecting the charge, the DPRK demanded the U.S. lift the financial sanctions
before it could return to the six-party talks, which remained stalled for 13
months since the end of 2005.
As part of the nuclear deal reached during the last round talks in Beijing on
Feb. 13, the United States agreed to settle the financial dispute with the DPRK
within 30 days.
The DPRK has pledged, within the framework of the six-party talks, that these
funds will be used solely for the well-being of its people, including for the
humanitarian and educational purposes, according to the statement.
"We believe this resolves the issue of the DPRK-related frozen funds," Glaser
China's chief negotiator Wu Dawei said at the opening ceremony of the nuclear
talks that based on the agreements the concerned parties have reached, this
meeting will focus on three issues.
"The first is to listen to the reports of all working groups; the second is
to discuss the specific steps for the implementation of the initial actions; the
third is to carry out preliminary discussion about the steps or actions that all
parties are prepared to take or should take in the next phase," Wu said.
However, Wu said there are still a lot of difficulties and obstacles on the
As the chair of the meeting, Wu said he sincerely hopes that "all sides will
continue to take part in all the meetings with a flexible, pragmatic and
constructive approach and make positive contribution to the progress of the
completion of all agenda items of this meeting."
"The Chinese delegation will work closely with all other delegations to work
for new progress and achievements of this meeting," he said.