Trump-Kim summit in play as Moon visits White House

US President Donald Trump (L) welcomes South Korean President Moon Jae-in at the White House in Washington, DC, US, June 30, 2017. (Reuters)
Updated 22 May 2018
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Trump-Kim summit in play as Moon visits White House

WASHINGTON: Donald Trump holds a high-stakes meeting with South Korea’s president at the White House Tuesday, talks that could decide whether the US president’s much-vaunted summit with the North’s leader Kim Jong Un goes ahead.
Moon Jae-in jets into Washington on a mission to salvage a rare diplomatic opening between the US and North Korea that is in trouble almost before it begins.
Trump had agreed to meet inscrutable “Supreme Leader” Kim in Singapore on June 12, but the first-ever US-North Korea summit is now in serious doubt, with both sides expressing reservations.
South Korea — worried about Kim’s bellicose weapons testing and Trump’s similarly bellicose warnings about a looming war — was instrumental in convincing the two Cold War foes to sit down and talk.
Moon sent his own national security adviser to the White House in March, carrying an offer of talks and word that North Korea may be willing to abandon nuclear weapons, an enticing prospect.
Trump surprised his guests, his own aides and the world by summarily accepting the meeting, seeing an opportunity to “do a deal” and avoid military confrontation.
Pyongyang is on the verge of marrying nuclear and missile technology allowing it to hit the continental United States with a nuke, a capability Washington sees as wholly unacceptable.
Since then, there has been a landmark series of intra-Korean meetings, two trips to Pyongyang by Mike Pompeo — first as CIA director then as America’s top diplomat — and three American citizens have been released from the North.
But after several Trumpian victory laps, North Korea’s willingness to denuclearize is now in serious doubt.
Earlier this month, North Korea denounced US demands for “unilateral nuclear abandonment” and canceled at the last minute a high-level meeting with the South in protest over joint military drills between Seoul and Washington.
Trump responded by saying the meeting may or may not take place.
Vice President Mike Pence warned in an interview on Monday night that there was “no question” that Trump would be prepared to walk away from the talks with Kim if it looks like they won’t yield results and that the president was not just after a public relations triumph.
Pence said that both the Clinton and Bush administrations “got played” by North Korea when Washington previously tried to get Pyongyang to denuclearize but the current administration would not make the same mistakes.
“It would be a great mistake for Kim Jong Un to think he could play Donald Trump,” he told Fox News.
Trump also surprised many by offering Kim an upfront security guarantee, allowing him to stay in power, and suggested that Kim’s apparent about-face may have been at the behest of Chinese leader Xi Jinping.
“It could very well be that he’s influencing Kim Jong Un,” Trump said, citing a recent meeting between the pair, their second in a month’s time. “We’ll see what happens.”
Analysts saw North Korea’s perceived slow peddling as evidence of what they feared all along, that Pyongyang may have been playing for time — hoping to ease sanctions and “maximum pressure” or of South Korea overtorquing the prospects of a deal.
“The current episode of tension reflects a wide and dangerous expectation gap between the United States and North Korea,” said Eric Gomez of the CATO Institute.
“Denuclearization is not off the table for the North, but it expects the United States to end the so-called ‘hostile policy’ as a precondition for denuclearization.”
It is far from clear what that means concretely, but it could include the forced withdrawal of 30,000 US troops from the Korean peninsula.
With just weeks to go and little clarity on what will be discussed or what happens if talks fail, some Korea watchers predict fireworks during Trump’s talks with Moon.
“It increasingly looks like the Moon administration overstated North Korea’s willingness to deal. Moon will probably get an earful over that,” said Robert Kelly of Pusan National University.
Yonhap news agency quoted a Blue House official as saying Moon would “likely tell President Trump what to expect and what not to expect from Kim.”


Venezuela aims to boost oil output but sanctions stand in the way, VP says

Updated 4 sec ago
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Venezuela aims to boost oil output but sanctions stand in the way, VP says

  • Sanchez called the recent capture of Nicolas Maduro a “dark day” for the country

DUBAI: Venezuela’s Vice President for Economy Calixto Ortega Sanchez said on Wednesday that his country needed vast foreign investment and sanctions relief to tap its huge oil reserves and restart its ailing economy.

“We know that the reference for Venezuela is that (it is) the country with the biggest oil reserves, and we want to stop being known for this, and we want to be known as one of the countries with the highest production levels,” Sanchez said.

Responding to questions by American journalist Tucker Carlson, Sanchez called the recent capture of Nicolas Maduro a “dark day” for the country but said Venezuela was working to reestablish a relationship with the US, which he described as a “natural partner” for the country.

“The Venezuelan people and authorities have shown that they are ready to peacefully move forward and to build opportunities,” he said during a session at the World Government Summit.

Sanchez, who headed Venezuela’s central bank, said the most pertinent issue facing his country is continued US sanctions.

Despite failing to result in regime change, the sanctions had effectively stifled the economy from growing, he added.

He said the Venezuelan government was now working to reform its laws to allow foreign investment and hoped the US would ease sanctions to aid their work.

“The first decisions that interim President Rodriguez took was to go to the National Assembly and ask for reform to the hydrocarbon law … this law will allow international investors to go to Venezuela with favorable conditions, with legal assurance of their investments,” he added.

“The economy is ready for investment. The economy is ready for the private sector; it is ready to build up a better future for the Venezuelan people.”

Sanchez played down inferences by Carlson that his government had been taken over, insisting that the regime still held authority in the country. He said the country had set up two funds to receive money from oil production that would fund better welfare and social conditions for Venezuelans.

“Allow us to have access to our own assets … we don’t have access to our own money,” he added.

“If you allow us to function like a regular country, Venezuela will show extraordinary improvement and growth.”