South Korea has drawn up an enhanced package of incentives for the international community to entice North Korea back to talks on denuclearization, putting hard figures on previously vague promises of aid.
The carrots would include a 40 billion US dollar aid fund with input from the Asian Development Bank (ADB), World Bank and governments. There would be five free trade zones and 100 exporting companies generating 3 million dollar each.
The international community would help build railways, motorways and telecom networks and train a modern industrial workforce of 300-thousand. Forests would be replanted.
South Koreas nuclear negotiator Wi Sung-lac told Goldman Sachs that Pyongyang would gain security guarantees and restored diplomatic relations if it gave up its nuclear weapons program.
The incentives were first proposed by incoming President Lee Myung-Bak 17 months ago as part of his “Denuclearization, Openness, 3000” policy.
This pledges to raise North Koreas gross domestic income to 3.000 dollars per capita in a decade if it scraps its atomic arsenal, through the proposed international aid fund of 40 billion and other major assistance projects.
Kilde: www.worldbank.org
