China willing to pay the price for new North Korea sanctions

Pauline Gross
August 13, 2017

Kono also pledged Japan will make efforts to combat "growing protectionism", taking a clear stand against trade-restraining moves at a time when U.S. President Donald Trump has touted increasingly reductive trade policy.

"If we consider traditional economic relations between China and North Korea, it is China that will have to pay most of the price for implementation of the latest resolution", Russia Today quoted Chinese Foreign Minister Wang Yi, as saying at the ASEAN Forum in Manila.

The Security Council has already imposed six rounds of sanctions that have failed to halt North Korea's drive to improve its ballistic missile and nuclear weapons capabilities.

"The best signal that North Korea could send that they're prepared to talk would be to stop these missile launches", Tillerson told reporters Monday at the Association of Southeast Asian Nations gathering.

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.

Malaysian Minister of Foreign Affairs Dato' Sri Anifah HJ Aman, during the same meeting, said the U.S. is a vital partner of the ASEAN "with solid relations encompassing wide areas of cooperation".

The latest United Nations resolution bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood.

US Secretary of State Rex Tillerson laid out a narrow path for North Korea to return to dialogue and ultimately see the latest round of sanctions lifted, stressing that Pyongyang must first stop testing its missile for "extended period" before any future negotiations will be considered. "The main elements of this cooperation appear to be the transfer of North Korean liquid-fueled missile technology to Iran, but with very few reports of Iranian solid-fueled technology going the other way", said Dewey.

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Wang said Tillerson's "Four Nos" promise was a positive signal.

"It is very hard to imagine that China would have voted in favor of a resolution that would hit North Korea's economy so badly if Beijing really believed that such a resolution would be fully implemented", North Korean Economy Watch co-editor Benjamin Katzeff Silberstein wrote in a posting on the blog after Saturday's vote. "We warn North Korea not to test or misunderstand the will of the South Korea-U.S. alliance".

Speaking in NY after the Security Council adopted the new resolution Saturday, U.S. Ambassador to the U.N. Nikki Haley stressed that the joint drills would not stop.

Thornton says the USA wants to ensure that with the new sanctions, there's "not this kind of episodic back and forth that we've seen".

One of the secondary sanctions efforts deals with jurisdictions that are non-compliant with United Nations resolutions, Stephan Haggard, visiting fellow at the Peterson Institute of International Economics, said in a Monday note.

U.S. Secretary of State Rex Tillerson says the approval of new United Nations sanctions targeting North Korea over its nuclear and ballistic missile programs is a "very good outcome".

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

Other reports by GizPress

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