(1888PressRelease)
April 22, 2007 - Building an independent national economy is a consistent policy pursued by the DPRK government in economic construction.
From the beginning of its foundation, the government has carried out the policy of giving priority to the growth of heavy industry while simultaneously developing light industry and agriculture, defining the building of a self-sufficient national economy as its basic orientation for economic development.
Thanks to its correct policy, our country has laid powerful material and technical foundations for the economy without a slightest vacillation under the global economic fluctuation.
It is a firm stand of the DPRK government in the present stage to raise the national economy up to the world standard in the nearest future, relying on the sound economic foundations already laid.
Entering the new century, the modernization of the national economy and the construction of up-to-date factories and enterprises are making a good headway.
The existing large-size power plants have expanded their generating capacity and lots of new ones are under construction.
In the key industries, factories and enterprises have been refurnished with ultra-modern facilities like flexible manufacturing systems and shown a steady growth in production.
In the field of iron industry, the steel giants like the Hwanghae Iron and Steel Complex equipped with a 100-ton electric furnace have introduced new type of steel-making process, thus guaranteeing the rapid increase in production, relying on iron ore and coal abundantly deposited in the country.
In the railway sector, the introduction of IT has led to scientific and flexible management of railways, ranging from transport planning to composition and running of locomotives, passenger and cargo trains.
The updating of the Pyongyang Textile Mill, Songyo Knitting Mill, Sinuiju Cosmetics Factory and many other light industrial factories has been propelled and the construction of new factories with up-to-date facilities completed.
The government of the DPRK is achieving a progressive development in trade relations with foreign countries on a sound basis of the independent national economy.
The establishment of the firm economic foundations enables each country to maintain the principles of independence, equality, mutual benefit and creditable reputation in external economic relations, make foreign trade multilateral and diversified and improve the export structure constantly.
The solid groundwork of an independent national economy laid in our country gives a fresh impetus to foreign trade, specifically the export trade.
The mammoth ferrous metallurgical centers are in a position to produce and export various kinds and sizes of hot- and cold-rolled steel and second-stage metal products in large quantities.
The Huichon Machine Tool Factory, Kusong Machine Tool Factory and other machine tool producers are channeling their efforts into the manufacture of updated universal center lathes, boring machines, milling machines, drilling machines, grinding machines and CNC machine tools.
Magnesia clinker is a principal export item in great demand on the global market.
High-quality magnesia clinker is manufactured at the up-to-date magnesia clinker production centers to meet the growing overseas demand for it.
The export of electrolytic lead and zinc shows an increasing tendency year by year.
The Munphyong Smeltery, one of lead and zinc producers, has introduced new technology for processing fused nonferrous metals, thus reducing the cycle of production and improving the quality of products.
The production and export of cement, tools, musical instruments and luxury goods are also enjoying a systematic increase.
In the field of light industry, traditional silk and its products including velvet are winning popularity on the world market.
The production processes of the Pakchon Silk Mill and Nyongbyon Silk Mill with modern facilities have been updated to increase the export of silk fabrics every year.
Technology trade is also booming based on the solid foundations in the scientific research centers. The development and export of various electronic products and software are on the rapid increase, focusing the interest of foreign customers.
Supported by the strong brainpower fit for IT era and abundant resources, the independent national economy of the DPRK will be an excellent propellant for further development of trade relations.
