ABC Money
Home

Deadlock over NKorean nuclear talks only 'procedural' - Chinese official


Published :
Thu, 22 Mar 2007 09:52
By : Agencies
Print this Story


AddThis Social Bookmark Button

BEIJING (XFN-ASIA) - Procedural problems in the six-party talks on North Korea's nuclear program are more difficult than expected, but all sides remain committed to Pyongyang's disarmament, a Chinese official said.

'The difficulties for resolving these issues exceed our expectations, so we still need some time,' foreign ministry spokesman Liu Jianchao told journalists.

'These are technical and procedural problems... all parties remain committed to the implementation of the joint statement of February 13.'

Liu was referring to North Korea's agreement to shut down its Yongbyon nuclear power plant and allow in UN nuclear inspectors by April 15 in exchange for 50,000 tons of fuel oil.

The deal outlined initial steps toward the eventual shutdown of North Korea's nuclear program, which is being negotiated in talks that include China, the two Koreas, the US, Japan and Russia.

Liu refused to comment on a decision by North Korean chief delegate Kim Kye-Gwan to depart Beijing this afternoon.

Kim left after a promised 25 mln usd of funds frozen by the US failed to appear in a North Korean bank account at the Bank of China.

The US had earlier said it had worked to unfreeze the funds in a Macau bank.

Liu admitted that part of the problem was that the Bank of China, a state-owned commercial bank, needed time to process the money transfer and overcome legal issues involved.

'From a political perspective, the parties concerned have reached a consensus, but now the issue is technical and procedural,' Liu said.

'All parties have their own reasonable concerns, including the Bank of China, so we have to consider all the concerns in accordance with the law.'

afp




Share on


 You Might Like
Six-way talks on NKorea have failed -John Bolton
Rice dismisses report NKorea helping Iran prepare nuke test
+
China to strengthen controls on nuclear exports
Iran keeping enrichment to low levels - foreign minister

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
9015.10
+62.21 ( 0.69 %)
NASDAQ
1652.38
+24.35 ( 1.48 %)
FTSE 100
4507.51
-131.41 ( -2.83 %)

SYMBOL ( 2009-01-07 )
LAST
CHANGE
3I GROUP ( 11:35am )
362.50
+20.25 ( 5.97 %)
NORTHERN ROCK ( 11:35am )
182.00
+19.04 ( 11.20 %)
HAMMERSON ( 11:35am )
613.00
+16.50 ( 2.75 %)
PERSIMMON PLC ( 11:35am )
279.75
+15.50 ( 5.92 %)
GLAXOSMITHKLINE ( 11:35am )
1282.00
+12.00 ( 0.94 %)

SYMBOL ( 2009-01-06 )
LAST
CHANGE
HEWLETT PACKARD CO ( 4:02pm )
39.31
+2.98 ( 8.04 %)
IBM ( 4:00pm )
89.23
+2.41 ( 2.77 %)
HONEYWELL INTL INC ( 4:00pm )
36.04
+1.56 ( 4.48 %)
DUPONT ( 4:01pm )
27.65
+1.32 ( 4.95 %)
AMERICAN EXPRESS ( 4:01pm )
21.07
+1.12 ( 5.52 %)

SYMBOL ( 2009-01-06 )
LAST
CHANGE
AMEDISYS INC ( 4:00pm )
46.98
+6.65 ( 14.32 %)
ENSTAR GROUP LIMITED ( 4:00pm )
73.59
+6.08 ( 8.89 %)
GOOGLE ( 4:00pm )
334.06
+6.01 ( 1.81 %)
COMM BANCORP INC ( 9:30am )
39.48
+4.47 ( 11.32 %)
ISRAMCO INC ( 1:42pm )
31.25
+4.39 ( 14.49 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.