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.