The Joint Declaration signed between North Korea leader Kim Jong-Il and South Korean President Kim Dae-Jung during the 13-15 June 2000 summit in Pyongyang is a truly historic document. It will, and should, require a complete reassessment of what is and is not possible regarding North-South reconciliation and eventual reunification. It exceeded the expectations of even the most optimistic forecasts and has satisfactorily addressed the top priority issue of both sides going into the summit. It does not, however, guarantee peace on the Peninsula; it merely opens the door to that possibility.