ASEAN, Japan, China, South Korea agree to bolster financial cooperation

Remigio Civitarese
Agosto 13, 2017

President Donald Trump is demanding full and speedy implementation of the new penalties.

South Korean Foreign Minister Kang Kyung-wha met with US Secretary of State Rex Tillerson and Japanese Foreign Minister Taro Kono in Manila on the sidelines of meetings hosted by the Association of Southeast Asian Nations.

North Korean's top diplomat says "under no circumstances" will it put its nuclear weapons or ballistic missiles on the negotiating table.

The new Security Council resolution, UNSCR 2371, tightens existing sanctions by imposing a full ban North Korea's export of coal, iron, seafood and other items to other countries; expands the list of individuals and entities subject to an asset freeze; and prohibits countries from increasing the number of North Korean laborers they employ - laborers whose earnings, the US says, boost revenues for the regime's illicit activities.

Apart from the North Korea issue, the ministers touched on the regional terrorist threat, climate change and diplomatic wrangling on overlapping claims in the South China Sea during Saturday's two-and-a-half hour closed-door meeting, Bolivar said.

During the meeting, the North Korean foreign minister accused his south Korean counterpart of lack of "sincerity" referring to Seoul's recent offer, the media outlet said. The White House praised China's move to join a unanimous U.N. Security Council resolution slapping new sanctions that could cut off about one-third of the North's roughly $3 billion in annual exports.

MANILA, Philippines (AP) — The Latest on developments on efforts to ratchet up pressure on North Korea over its nuclear program.

Tillerson reportedly said that through dialogue, North Korea would ultimately "feel secure and prosper economically".

Ri tried to make the most of it, holding meetings with the top diplomats from China and Russian Federation, two countries that voted in favor of the latest United Nations sanctions. But he says it won't be a matter of a mere 30-day pause leading to the USA being willing to talk.

"We support initiatives to improve inter-Korean relations towards establishing permanent peace in the Korean Peninsula", their statement said.

"ASEAN wants North Korea to know ASEAN is concerned, but also wants to engage North Korea", he said, adding he hoped "this dialogue will deescalate tension".

At the same time, Washington has issued blunt warnings the US will use military force if necessary and North Korea has answered in kind.

Niki Haley, the USA ambassador to the United Nations, stated that the Security Council had lived up to its role by backing the sanctions.

"And I think also it sends a strong message to two parties that we think can have some influence on how the North Koreans come to grips with the reality of what they're facing, that being China and Russian Federation", he added. Those capabilities are already a threat to neighbors and US allies South Korea and Japan.

"Owing to China's traditional economic ties with North Korea, it will mainly be China paying the price for implementing the resolution", the statement cited Wang as saying. Tillerson says he and the South Korean diplomat plan to discuss the sanctions during their meeting, along with next steps to pressure the North.

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