The Hanoitimes - The sanctions leave direct impact on North Korean economy shown through a sharp decline in exports last year. What are visions for the denuclearization after second no-deal summit? The failure of the second Trump-Kim summit in Hanoi suggests sanctions remain a big issue between the US and North Korea, foreign media quoted international experts as saying. The UN Security Council votes to adopt a resolution imposing sanctions against North Korea. Photo: Getty Images North Korean nuclear negotiator Kim Yong Chol told Secretary of State Mike Pompeo in May 2018 that Pyongyang’s shift away from weapons was “not a result of sanctions that have been imposed from outside.” But in July 2018, Seoul-based Bank of Korea estimated the North Korean economy had seen its biggest decline in two decades, with the country’s real annual gross domestic product (GDP) falling by 3.5% in 2017 while exports declined 37.2% in 2017 alone. … [Read more...] about How much do US-led sanctions hurt North Korea economy?
North korean economy
U.S. blocks North Korean air traffic revival ahead of Trump-Kim summit - sourcesThe Saigon Times Daily People carry flags in front of statues of North Korea founder Kim Il Sung (L) and late leader Kim Jong Il during a military parade marking the 70th anniversary of North Korea's foundation in Pyongyang, North Korea, September 9, 2018 – PHOTO: REUTERS MONTREAL/SEOUL (REUTERS) - The United States has blocked efforts by a U.N. agency to improve civil aviation in North Korea at a time when Pyongyang is trying to reopen part of its airspace to foreign flights, three sources familiar with the matter told Reuters. The U.S. move is part of a negotiating tactic to maintain sanctions pressure on North Korea, one of the sources said, ahead of a second summit between President Donald Trump and leader Kim Jong Un in Vietnam in late February. Washington is seeking concrete commitments from Pyongyang at the summit to abandon its nuclear and missile programmes. The United … [Read more...] about U.S. blocks North Korean air traffic revival ahead of Trump-Kim summit
The U.S. move is part of a negotiating tactic to maintain sanctions pressure on North Korea, one of the sources said, ahead of a second summit between President Donald Trump and leader Kim Jong Un in Vietnam in late February. Washington is seeking concrete commitments from Pyongyang at the summit to abandon its nuclear and missile programs. The United Nations’ International Civil Aviation Organization (ICAO), with 192 member countries, has been working with Pyongyang to open a new air route that would pass through North and South Korean airspace. Airlines currently take indirect routings to avoid North Korea due to the threat of unannounced missile launches, which have been witnessed by some passengers on commercial flights. If the space was deemed safe, international airlines could save fuel and time on some routes between Asia and Europe and North America, and North Korea could begin reviving its own commercial aviation industry. The cash-strapped country has a population of … [Read more...] about US blocks North Korean air traffic revival ahead of Trump-Kim summit
Vice Chairman Kim Yong Chol, a right-hand man to the North Korean strongman, met the embattled president at the White House for an unusually long 90 minutes as the countries seek a denuclearization accord that could ease decades of hostility, the White House said Friday. White House spokeswoman Sarah Sanders said that Trump -- who has opined that he and Kim Jong Un fell "in love" after last year's landmark first summit -- would again meet the North Korean leader "near the end of February" at a location to be announced later. The latest flurry of diplomacy comes little more than a year after Trump was threatening to wipe North Korea off the map, with Pyongyang's nuclear and missile tests rattling nerves in East Asia. Sanders praised North Korea's efforts to reconcile but ruled out, for now, a key demand of Pyongyang -- a lifting of sanctions. "The United States is going to continue to keep pressure and sanctions on North Korea until we see fully and verified denuclearization," … [Read more...] about Trump, Kim to meet anew in month after North Korean visits White House
By Reuters  January 8, 2019 | 08:30 am GMT+7 U.S. President Donald Trump and North Korean leader Kim Jong Un walk after lunch at the Capella Hotel on Sentosa island in Singapore June 12, 2018. Photo by Reuters/Jonathan Ernst U.S. and North Korean diplomats recently met multiple times in Hanoi and discussed planning a second summit between U.S. president and North Korean leader. U.S. officials discussed the schedule for the second summit between President Donald Trump and leader Kim Jong Un while in contact with North Korean officials in the Vietnamese capital city, fuelling speculation that Vietnam could host the event, the Munhwa Ilbo reported, citing unnamed diplomatic sources in Seoul and Washington. Vietnam has diplomatic relations with both the United States and North Korea, with North Korea maintaining a diplomatic office in Vietnam, and has the symbolic significance of a communist country that has reformed its economy, the newspaper reported. A … [Read more...] about US and North Korean officials met in Hanoi to discuss second Trump-Kim summit: report