Agreed Framework between the United States of America and the...

Terms of the pact and consequent agreements included the shutdown of the pilot Yongbyon nuclear reactor, abandoning the construction of two larger nuclear power plants, and the canning and sealing, under IAEA monitoring, of spent fuel that could have been reprocessed to create plutonium for a nuclear weapon. In exchange two light water reactors would be constructed in North Korea by 2003 at a cost of $4 billion, primarily supplied by South Korea.

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Although the agreement has largely broken down, as of 2005 North Korea has not restarted work on the two production size nuclear power plants that were frozen under the agreement. These plants could potentially produce enough weapons-grade plutonium to produce several nuclear weapons per year. The Agreed Framework was successful in freezing North Korean plutonium production in Yongbyon plutonium complex for eight years From 1994 to December, 2002.

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However the new accord would require North Korea to dismantle all nuclear facilities, not just specific plants as in the Agreed Framework. [34]. This has been followed up by the February 13, 2007 agreement which has largely adopted this Sep 19 statement. Its implementation has been successful so far, with only a slight delay being recorded due to an issue of funds being unfrozen by the US actually reaching North Korea.

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