Date: a month ago   Category: Economy

Mass media reported the strategy of the DPRK on increase in commodity turnover with Russia — Rambler News Service


Photo: The State strategy of economic development of the DPRK for 2016-2020 is directed to RIA Novosti to economic growth in 8% and strengthening of ties with Russia and other countries to leave from dependence on China. The Japanese newspaper Mainichi with reference to documents of South Korean researchers reports about it. It is noted that strategy is described in the report from 157 pages. According to the edition, it was approved in May, 2016 at a congress of the Workers' Party of Korea, however its concrete contents was not published. In particular, strategy provides a gap with "exclusive devotion" to China and expansion of trade with Russia and other countries of Southeast Asia and the Middle East. As the newspaper notes, the initiative is directed to increase in volume of trade with Russia up to $1 billion by 2020. This indicator more than by 10 times exceeds commodity turnover between North Korea and Russia in 2017 when it made $77.84 million.

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