North Korean Economy Suffered Sharpest Drop In 2 Decades, South Says

Sanctions-hit N Korea economy shrank sharply in 2017 Seoul
Inter-Korean trade collapsed 99.7 per cent on-year after the South shut down the joint Kaesong industrial complex in the North. AFP
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23 July, 2018

 The United States on Friday welcomed the U.N. Security Council's united support for the fully verified denuclearization of North Korea and pressed China and Russian Federation to strictly enforce U.N. sanctions to get Pyongyang to give up its nuclear weapons.

Pompeo said in the first five months of this year, there were at least 89 ship-to-ship transfers of oil - an evasive practice where sanctioned products are exchanged in worldwide waters by ships that often hide or obscure their identity.

Haley credits these sanctions, cooperation with the worldwide community - which expelled diplomats - and thwarted clandestine communication with the North with the success of their mission.

"If our goal still is the complete, verifiable and irreversible dismantlement of the North Korean nuclear program, we're not succeeding", said Sue Mi Terry of the Center for Strategic and International Studies, speaking to a security conference in Aspen, Colorado. She needs to study basics more! Pompeo asked. "We need to see Chairman Kim do what he promised the world he would do".

North Korean state media placed more pressure on South Korea to implement its inter-Korean summit agreements to work towards the "historic task" of ending the Korean War, reported South Korean news outlet Yonhap on Monday (Jul 23).

The meeting was the first between Pompeo and the Security Council since US President Donald Trump's meeting in Singapore with North Korea's Kim.

I doubt that any sensible, objective observer expected North Korea to denuclearize in response to President Trump's meeting with Kim Jong Un.

After meeting some of the women earlier this month, Tomas Ojea Quintana, the United Nations' independent investigator on human rights in North Korea, told reporters in Seoul that they told him they did not know they were heading to South Korea when they departed China.

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Late past year, China, North Korea's main economic lifeline, bolstered sanctions against Pyongyang under U.N. resolutions, decreasing the trade volume of the two nations.

He also mentioned other sanctions breaches, including smuggling of coal by sea and overland borders and guest workers overseas.

Trump bragged about his administration's achievements, declaring: "The sanctions [on North Korea] are remaining".

"I don't see any sign that North Koreans have committed to denuclearization", she said. Pompeo's speech - and Haley's comments - echoed each other on North Korea.

"President Trump remains upbeat about the prospects of denuclearization of North Korea (DPRK)".

"Some of them, they were taken to the Republic of Korea without knowing that they were coming here", Quintana said, referring to South Korea by its formal name.

"The scope and scale of that is agreed to". "Maximum pressure" will be hard to maintain in the absence of some new North Korean provocation. Some experts, he added, "warn that complete and verified denuclearisation could take 15 years".

A missile-engine testing facility that Trump said would be destroyed remains intact, and United States intelligence officials say Pyongyang is working to hide key aspects of its nuclear programme.


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