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LETTER OF INTENT ON COOPERATION
The Federation of Korean Industries (FKI) hereby expresses its intent to cooperate
with the TumenNET, a regional initiative to protect transboundary biodiversity
and international water resources in Northeast Asia and to promote green investment
in the region.
DEFINITION
TumenNET is an initiative by the Democratic People's Republic of Korea, Mongolia,
the People's Republic of China, the Republic of Korea, the Russian Federation,
the Global Environment Facility (GEF) and the United Nations Development Program
(UNDP). TumenNET is a partnership program that involves government, private
business, the community and the academic & research sector.
Green investment or green business is defined broadly as a private or public
sector activity that has environmental net benefits and which aims, directly
or indirectly, to protect the environment, reduce environmental risk or minimise
pollution and the unsustainable use of resources. Green investment or green
business is socially responsible and involves those parts of civic society that
are affected by its impact. It employs best practice environmental management
principles.
For the purposes of this agreement the term Northeast Asia shall be defined
in its broadest possible sense, including, but not limited to, those parts of
Northeast Asia that are presently the focus of TumenNET activities.
ACTIVITIES
Jointly implemented activities between FKI and TumenNET will be decided in
consultations with one another.
Possible joint activities for the year include :
Cooperation in seeking and developing business partnerships or sponsorships
for project assessment, pre-feasibility and/or feasibility study in DPRK and
other TumenNET countries.
OTHER PROVISIONS
The Federation of Korean Industries reserves the right to review its cooperation
with TumenNET after a period of 24 months from the date of signature of this
letter of intent.
Gunther MAU Tae-Seung Chung
Chief Technical Adviser Deputy Secretary General
TumenNET Project Coordination Unit The Federation of Korean Industries
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Signature |
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Date : Nov. 29. 2001
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