Present at the opening ceremony were Kang Sok Ju, vice-premier of the DPRK, Ri Ryong Nam, minister of Foreign Trade, and others, delegations of different countries and regions and diplomatic envoys of various countries and staff members of foreign embassies here.

A congratulatory speech by O Ryong Chol, vice-minister of Foreign Trade, followed an inaugural speech made by Kim Mun Jong, president of the Korean International Exhibition Corporation.

Speakers welcomed delegations of different countries and regions participating in the fair.

They said that the fair is a prestigious international economic gathering which reflects the desire and wish of mankind to establish a new international economic order based on independence and achieve the common prosperity and development.

He hoped that they would make good achievements through broad contacts and positive trade dealings.

They declared the DPRK would in the future, too, further expand and develop bilateral and multilateral cooperation in the fields of economy and trade with all countries and regions on the principle of equality and mutual benefit.

At the end of the ceremony, the participants looked round products from companies of the DPRK, Netherlands, Germany, Bulgaria, Switzerland, the UK, Austria, Italy, Finland, Poland, Australia, Malaysia, Mongolia, China and Taipei of China.

The fair will last till May 17.