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ibusinesslines.com October 23, 2017


China says willing to pay the price for new N.Korea sanctions

13 August 2017, 03:09 | Erica Roy

China says willing to pay the price for new N.Korea sanctions

China says willing to pay the price for new N.Korea sanctions

He dismissed the U.N. Security Council sanctions approved Saturday as illegal, appearing to rule out talks the Trump administration, in a diplomatic partnership with China and Russian Federation, is offering North Korea as a way out of its economic and diplomatic pariah status.

According to the Yonhap News Agency, the meeting took place on Sunday on the sidelines of the 50th ASEAN Foreign Ministers' Meeting (AMM) and Related Meetings, which is now underway in Manila.

"The foreign ministers of the three countries shared the view that the North's two ballistic missile launches last month demonstrated significant progress in terms of its nuclear and missile capabilities", the ministry said in a press release.

The UN Security Council unanimously imposed new sanctions on North Korea on Saturday aimed at pressuring Pyongyang to end its nuclear programme.

They also promised to strengthen their communications to better respond to the North's nuclear threats.

"We will under no circumstances put the nukes and ballistic rockets on (the) negotiating table", Pyongyang's top diplomat told ASEAN delegates, among them US Secretary of State Rex Tillerson.

At an annual meeting in Manila, foreign ministers of the 10-member Association of Southeast Asian Nations expressed their collective "grave concerns" about a slew of missile tests carried out by Pyongyang, including two ICBMs launched in July, and a pair of nuclear tests it conducted in 2016. All countries are now banned from importing North Korean coal, iron, lead and seafood products, and from letting in more North Korean laborers who sent remittances back into the country.

Despite that, Pyongyang has continued developing its nuclear and weapons program.


"There is no bigger mistake than the United States believing that its land is safe across the ocean", a statement from the official North Korean state news agency declared.

Stung by the latest round of United Nations sanctions, North Korea is likely on the lookout to expand its illicit trade outlets.

Chinese state media on Monday acknowledged North Korea had to be punished for its missile tests, but criticized the United States for its "arrogance".

In his opening remarks for the Ministerial Meeting, Tillerson said that among the issues that have been discussed between him and the ASEAN officials are "a number of matters of mutual security interest, and a number of economic areas of interest".

The Trump administration has threatened to take military action if North Korea does not abandon its missile tests' however, Secretary of State Rex Tillerson raised the prospect of talks August 7 if Pyongyang halts future tests.

At the same time, Washington has issued blunt warnings the USA will use military force if necessary and North Korea has answered in kind. But it was put off because of reasons on the USA side. China alone is responsible for 90 percent of North Korea's trade, and Russian Federation like China employs North Koreans as contract workers, whose salaries mostly go directly to their government.

North Korea, meanwhile, threatened a "thousands-fold" act of revenge against the United States on Monday for the UN sanctions passed Saturday, the Associated Press reported.

Kang is echoing Tillerson's praise for the sanctions approved Saturday by the U.N. Security Council.



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