October, 1994 N. Korea agreement - main points
Actions pledged by North Korea:
Freeze activity at its existing nuclear reactor and at a facility for extracting plutonium from reactor fuel rods.
Eventually dismantle the existing reactor as well as two reactors now under construction.
Cooperate in transferring out of North Korea an existing group of used nuclear fuel rods which the United States says contain enough plutonium to make about four nuclear bombs.
Permit regular inspections of its nuclear program by the International Atomic Energy Agency as called for under terms of the Nuclear Non-Proliferation Treaty.
Allow, at some undetermined date in the future, inspection of two sites suspected of containing undeclared quantities of waste from past nuclear production.
Actions by the United States:
Arrange for the international financing and supply of two modern nuclear reactors to North Korea for electricity production, at an estimated cost of $4 billion.
Supply quantities of heavy oil to North Korea to tide it over during the nuclear energy transition.
Ease economic and trade restrictions on North Korea.
Both countries agree to take steps toward establishing diplomatic liaison offices in each other's capital.