China, US continue discussion on North Korea
On Sunday, United States Secretary of State Condoleezza Rice and Chinese Foreign Minister Li Zhaoxing discussed North Korea's nuclear program over the telephone on Sunday, China's Foreign Ministry said. But details of the conversation were not released.
Diplomats from the US and China arrived in Beijing on Sunday to help sort out details of a planned transfer of North Korean bank accounts after the latest round of six-party talks between North Korea, South Korea, China, Japan, Russia and the United States were stalled due to disputes over the freezing of North Korea's $25 million in bank accounts.
Currently in a Macanese bank, the frozen accounts of North Korea were initialy promised by the US and China to be placed into a Bank of China account held by Pyongyang's Foreign Trade Bank. But afterwards the promise transfer did not transpire, and thus, confrontation ensued. Daniel Glaser, the US Treasury Department's top North Korea negotiator arrived in Beijing on Sunday to sort out details of the transfer of funds.
Source: Beijing Reuters
Diplomats from the US and China arrived in Beijing on Sunday to help sort out details of a planned transfer of North Korean bank accounts after the latest round of six-party talks between North Korea, South Korea, China, Japan, Russia and the United States were stalled due to disputes over the freezing of North Korea's $25 million in bank accounts.
Currently in a Macanese bank, the frozen accounts of North Korea were initialy promised by the US and China to be placed into a Bank of China account held by Pyongyang's Foreign Trade Bank. But afterwards the promise transfer did not transpire, and thus, confrontation ensued. Daniel Glaser, the US Treasury Department's top North Korea negotiator arrived in Beijing on Sunday to sort out details of the transfer of funds.
Source: Beijing Reuters
posted by Deanna Tran at 11:10 PM
1 Comments:
The situation regarding North Korea's nuclear program and the threat it imposes regionally and internationally doesn't seem to be making significant strides towards any agreement. This recent failure of the Chinese and the U.S. to transfer funds to North Korea seems to be indicative of a slow process where stakeholders stumble over one thing after another. It doesn't seem that Korea has made any significant concessions towards stopping their nuclear program, but the Chinese and Americans continue to negotiate what seems like an unwinnable debate with a government who has no concern over international reputation or domestic well-being. It is my hope that the North Korean nuclear weapons issue can resurface as a major international news story with the hopes of leveraging some kind of power over the North Koreans to see reasoning in this situation.
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