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Global Economy: North Korea’s Kim Abolishes Missile Sites

GLOBAL ECONOMY – On Wednesday, North Korea has agreed to permanently dismantle its missile sites in the presence of foreign experts. Further, it said that if the United States takes unspecified “reciprocal action,” it is willing to end its main nuclear complex.

South Korean President Moon Jae-in and North Korean leader Kim Jong Un have agreed to make the Korean peninsula into a “land of peace without nuclear weapons and nuclear threats” and take “prompt steps” toward the goal. They both said these during a joint news press conference in Pyongyang.

This year’s summit between South Korean President Moon Jae-in and North Korean leader Kim Jong Un was intended to improve their ties and to rekindle the Pyongyang-Washington’s negotiations on the nuclear program of North Korea.

global economy, Global Economy: North Korea’s Kim Abolishes Missile Sites
PM May said that the United Kingdom and the European Union are near to an orderly Brexit deal

With his two visits with Moon earlier this year and historic meet with US President Donald Trump, Kim pledged to work toward the “complete denuclearization of the Korean peninsula.”

However, there have been discussions about the implementation of vague commitments have since faltered. This is along with the demand of the United States on concrete actions towards North Korea’s denuclearization before arriving at an agreement to the goals of North Korea – marking an official end to the Korean War and easing tough international sanctions.

President Donald Trump said that the pledges are “very exciting.”

“Kim Jong Un has agreed to allow Nuclear inspections, subject to final negotiations, and to permanently dismantle a test site and launch pad in the presence of international experts. In the meantime there will be no Rocket or Nuclear testing,” Trump tweeted.

According to Kim, he will visit Seoul in the near future. This would be the first-ever visit by a North Korean leader. The visit is likely to be held by the end of the year, Moon said.

Global Economy: PM May says Britain, EU close to agreeing on an orderly Brexit deal

On Wednesday, British Prime Minister Theresa May wrote in a German newspaper that the United Kingdom and the European Union are close to agreeing on an orderly Brexit. She has urged the European Commission in transforming its position for the sake of a deal.

“We are near to achieving the orderly withdrawal that is the essential basis for building a close future partnership. To come to a successful conclusion, just as the UK has evolved its position, the EU will need to do the same. Neither side can demand the unacceptable of the other, such as an external customs border between different parts of the United Kingdom,” May wrote.

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