BEIJING, Nov. 11 (Xinhuanet) -- The first phase of the fifth-round six-party talks concluded here Friday. Chinese delegation head Wu Dawei read a chairman's statement at the closing ceremony.

The parties agreed to hold the second-phase meeting "at the earliest possible date," according to the chairman's statement.

"The parties reaffirmed that they would fully implement the joint statement in line with the principle of 'commitment for commitment, action for action,' so as to realize the verifiable denuclearization of the Korean Peninsula at an early date and contribute to lasting peace and stability of the Korean Peninsula and Northeast Asia," says the statement.

The first phase of the fifth round of the six-party talks, involving China, the Democratic People's Republic of Korea, the United States, the Republic of Korea, Russia and Japan, started in Beijing on Wednesday.

The statement says the parties conducted "serious, pragmatic and constructive discussions" and put forward proposals on how to implement the joint statement of the fourth round of the six-party talks.

The parties emphasized that they are willing to comprehensively implement the joint statement through confidence building, carry out all commitments in different areas, commence and conclude the process in a timely and coordinated manner and achieve balanced interests and win-win result through cooperation, says the statement.

"The parties agreed to formulate concrete plans, measures and steps to fulfill the joint statement in accordance with the afore-mentioned spirit," it says. Enditem