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?
Sanctions against north korea
The Hanoitimes - On this occasion, Vietnam has promoted the image of a peace-loving country with many achievements during the economic reform and global integration processes, local media reported. North Korea stages late-night press meeting in Hanoi, explaining no-deal summit Hanoi’s hospitality highlighted in US – North Korea summit Defining moments in US – North Korea leaders' meeting at Hanoi’s historic hotel Foreign reporters rush to cover US – North Korea summit in Hanoi Meeting with Vietnamese leaders, Trump says thanks for hosting US-N.Korea summit By hosting the summit, Vietnam has played an active role facilitating peace and stability in the Korean Peninsula, which is also an opportunity for Vietnam to advance its relations with the US and North Korea to a new level, according to Prime Minister Nguyen Xuan Phuc. Prime Minister Nguyen Xuan Phuc. Source: VGP. In spite of a short time after the official notice, … [Read more...] about Vietnam advances relations with US and North Korea after Hanoi summit: PM
Pham Tien Van, former Vietnamese Counselor in North Korea, and former Vietnamese Ambassador to South Korea, said Vietnam can promote export of consumer goods and food to North Korea if North Korea improves relations with the U.S. and opens its market. Pyongyang, in return, could export minerals to Hanoi and the two sides can also start barter exchanges, he told VnExpress. Vietnamese private enterprises can participate in infrastructure construction projects, real estate construction and tourism services, contribute capital to consumer goods factories, generating employment in North Korea. The two countries also have the prospect of developing tourism by establishing a train line running from Vietnam to China and North Korea, or even a direct flight route, he said. Speaking about the official visit to Vietnam by Kim Jong-un, Van said believes the North Korean leader will boost relations with Vietnam, and changes will take place in bilateral political and economic cooperation. … [Read more...] about Kim Jong-un visit to boost Vietnam-North Korea trade and investment ties – VnExpress International
Buoyed by the role the 2018 Pyeongchang Winter Olympics played in easing tensions last year, South Korean and North Korean officials are due to meet on Friday with the International Olympic Committee (IOC) in Switzerland to discuss what would be the first ever bid by two countries. To make Olympic history, experts say the long-shot bid would need to overcome international sanctions against North Korea, decades of mistrust between Seoul and Pyongyang, and wide political and economic differences between two countries still officially at war. The Switzerland meeting comes ahead of a second summit between North Korean leader Kim Jong Un and U.S. President Donald Trump in Vietnam, which will be key to the future of reclusive North Korea’s relations with the world. Since the Olympic bid was announced after a summit between Kim and South Korean President Moon Jae-in in Pyongyang in September, South Korean officials have been pushing forward with plans despite the obstacles. On Monday … [Read more...] about Diplomatic gold? Joint North Korea-South Korea Olympic bid faces long odds
North Korea on Wednesday (May 2) denied hacking the database of a UN committee tasked with monitoring sanctions against Pyongyang, and called on Washington to focus on peace efforts ahead of a planned summit between the countries' leaders. South Korean soldiers dismantle loudspeakers that were set up for propaganda broadcasts near the demilitarized zone separating the two Koreas in Paju on May 1, 2018, as hopes grow for a peace settlement AFP/KIM HONG-JI In a statement, the North Korean mission at the UN said Pyongyang "has never recognised the illegal and unlawful Security Council's 'sanctions resolutions'" and "is not interested in what the Sanctions Committee does", adding the idea that it had carried out a hacking operation was "nonsense". "The US and hostile forces should squarely recognize the trend of the times and make efforts to do the work helpful to detente and (the) peace process on the Korean peninsula rather than manipulating plots with that hacking … [Read more...] about North Korea denies it hacked UN sanctions commitee database