Expert Commentary

The future of the Korean Peninsula by Everett Rosenfeld
Mon, 18 Jun 2018 12:55:42 GMT
Source: Dukascopy Bank SA
 

The economist of CNBC Everett Rosenfeld about the historical meeting of Kim Jong-un and Donald Trump on the future of the Korean Peninsula.

On June 12, 2018 the historical meeting between the two leaders was held in Singapore. Kim John-un and Donald Trump were discussing the future of the Korean Peninsula and has agreed to "establish new US–DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity".

Everett Rosenfeld has summed up the main points of the meeting as follows: "Convinced that the establishment of new U.S.-DPRK relations will contribute to the peace and prosperity of the Korean Peninsula and of the world, and recognizing that mutual confidence building can promote the denuclearization of the Korean Peninsula, President Trump and Chairman Kim Jong Un state the following:  

1. The United States and the DPRK commit to establish new U.S.-DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity.  

2. The United States and the DPRK will join their efforts to build a lasting and stable peace regime on the Korean Peninsula. 

3. Reaffirming the April 27, 2018 Panmunjom Declaration, the DPRK commits to work toward complete denuclearization of the Korean Peninsula. 

4. The United States and the DPRK commit to recovering POW/MIA remains, including the immediate repatriation of those already identified."

The significant importance of the first in a history U.S.-DPRK summit is to overcome the decades of conflict between the two countries and open up perspectives for the future development and negotiation.


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