US' Pompeo heading to North Korea on Thursday for denuclearization talks - Reuters

Joshua Gibson FXStreet

As reported by Reuters, US Secretary of State Mike Pompeo will be traveling to North Korea on Thursday to discuss denuclearization on the Korean peninsula.

Key quotes

"It will be Pompeo’s first visit to North Korea since an unprecedented June 12 summit between President Donald Trump and Kim in which the North Korean leader agreed to “work toward denuclearization of the Korean Peninsula.”

The joint summit statement, however, gave no details on how or when Pyongyang might give up nuclear and missile programs that threaten the United States. U.S. officials have since been working to flesh out the details.

“To continue the ongoing and important work of denuclearization on the Korean Peninsula, Secretary Pompeo will be leaving for North Korea on July 5th to meet with the North Korean leader and his team,” White House spokeswoman Sarah Sanders told a news briefing. Sanders said the United States was “continuing to make progress” in talks with North Korea. “We had good meetings yesterday and ... the secretary of state will be there later this week to continue those discussions,” she said.

Sanders said she would not confirm or deny recent media reporting of intelligence assessments that have cast doubt on North Korea’s willingness to give up a nuclear weapons program. She endorsed comments on Sunday by White House national security adviser John Bolton who said he believed the bulk of North Korea’s weapons programs could be dismantled within a year “if they have the strategic decision already made to do that.” "

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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