The Asianist

From the Korea Times:

North Korea has pledged to drop its nuclear weapons development program and return to the nuclear non-proliferation treaty (NPT).

In a joint statement issued here Monday, North Korea promised to give up all nuclear weapons and present nuclear programs and to return to the NPT as soon as possible, while accepting inspections by the International Atomic Energy Agency.

While it does sound like a significant breakthrough, one wonders two things:

1. What verification measures will be in place?

2. What kind of concessions were made to the North, particularly by the United States?

UPDATE: Here are some answer to the two questions (via the Lost Nomad):

The China-drafted statement calls for North Korea to rejoin the Nuclear Non-proliferation Treaty and allow U.N. inspections of its nuclear programs as it disarms, according to sources close to the talks.

The North, in return, will be given security guarantees plus fuel oil and electricity aid, the sources said, requesting anonymity.

The statement includes references on North Korea's demand for power-generating light-water reactors as part of its right to "peaceful nuclear activities," they said.

I am wondering, how is this different from the flawed 1994 Agreed Framework?