NEW YORK (

TheStreet

) -- North Korea has agreed to a nuclear moratorium and will suspend its uranium enrichment program, according to the U.S. State Department.

North Korea is allowing International Atomic Energy inspectors to monitor the moratorium, State Department spokeswoman Victoria Nuland said,

The Wall Street Journal

reported.

She added the U.S. is going to meet with representatives from North Korea to discuss food aid of about 240,000 metric tons.

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