North Korea Seeks to Expand More Overseas Markets
North Korea is seeking inroads into wider overseas markets through programs to bolster its exports, the (North) Korean Central Broadcasting Station said on Jan. 28.
Source : Yonhap
North Korea is seeking inroads into wider overseas markets through programs to bolster its exports, the (North) Korean Central Broadcasting Station said on Jan. 28.
"The officials and workers engaged in foreign trade are exerting all-out efforts to expand our overseas markets to meet the needs of a changed situation," the radio said in a special program to mark Foreign Trade Day. "They will strive to keep shipment schedules and improve the quality of export goods."
As part of their efforts to bolster trade, it went on, the officials and workers have developed new export goods made of each province's special products and have built more local factories to churn out the goods.
Pyongyang appears to have coined the phrase, "export-oriented principle," as a substitute for the term, "foreign trade-first policy," which had been out of the Communist regime's key programs during the 1994-96 "stop-gap" period for economic development. But the phrase was not found in this year's joint editorial on Jan. 1, which valued highly ideology, the military and the sector of science and technology as Pyongyang's top policy line for the year.
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