ibusinesslines.com
ibusinesslines.com July 18, 2018


North Korea says to take "corresponding measures" if United Nations adopts sanctions

17 July 2017, 04:29 | Justin Tyler

GETTY EPA IMPRESSIVE South Korea released this

South Korea live-fire training exercise in Pohang

But it remains to be seen whether the North will accept the proposal as it's still demanding South Korea repatriate twelve female North Koreans who defected to the South past year.

"Talks and cooperation between the two Koreas to ease tension and bring about peace on the Korean peninsula will be instrumental for pushing forth a mutual, virtuous cycle for inter-Korea relations and North Korea's nuclear problem", the South's Unification Minister Cho Myoung-gyon told a news briefing.

North Korea's multiple missile tests in recent months, culminating with its first-ever successful launch last week of an intercontinental ballistic missile capable of reaching Alaska, has alarmed the global community and presented Trump's first major foreign policy test.

Trump has complained that trade increased between the two despite calling on his Chinese counterpart Xi Jinping to use the nation's unique diplomatic and economic clout over North Korea as leverage.

South Korea on Monday proposed military talks with North Korea this week, the first government-level talks since late 2015, in an effort to halt hostile activities near their joint border and after a series of missile tests by the North in recent weeks.

A Chinese government official said Thursday that China-North Korea trade was worth $2.6 billion in the first half of 2017, up about 10% over the same period past year. Despite that track record, the Trump White House displayed an initial optimism, presenting North Korea as an easily solvable problem with the help of Chinese President Xi Jinping, with whom Trump had a friendly summit back in April.


Tongilgak is a North Korean building at the Panmunjom truce village on the border used for previous inter-Korea talks. Trump tweeted on July 5.

North Korea gets most of its fuel from China, with some coming from Russian Federation. "They've had numerous wars with Korea". "So much for China working with us - but we had to give it a try!"

Sanctions are also the measure with the greatest potential to rankle Beijing, which considers unilateral sanctions a violation of national sovereignty and fears the economic disruption that sanctions might cause.

Most of that was sold by CNPC, which grew to dominate China's energy trade with Pyongyang over the past two decades.

UN Security Council Resolution 2270, approved in March 2016, included a ban on all exports of materials like coal, iron and iron ore from North Korea.

Such purchases are permitted under the sanctions and generate no revenue for nuclear development, said a foreign ministry spokesman, Geng Shuang.



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