Office of Foreign Assets Control
Recent OFAC ActionsTo view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. 06/26/2008 Today, the President signed a Proclamation The President also issued an Executive order |
Posted on 06/26/2008 12:30:00 PM PDT by Mr. Mojo
(CNSNews.com) - "We will trust you only to the extent that you fulfill your promises," President Bush warned North Korea on Thursday.
The president announced at the White House that in response to North Korea meeting a key deadline to declare its nuclear activities, the United States will lift some trade sanctions against the communist state and rescind North Korea's designation as a state sponsor of terror.
North Korea handed over a long-awaited declaration of its nuclear programs to Chinese officials on Thursday.
President Bush noted that North Korea has begun disabling its nuclear facility at Yongbyon; and on Thursday, it handed over details and documents on its nuclear programs going back to 1986.
The president emphasized that North Korea's move is a good first step -- but that's all it is. There are more steps it must take.
"We remain deeply concerned about North Korea's human rights abuses, uranium enrichment activities, nuclear testing and proliferation, ballistic missile programs and the threat it continues to pose to South Korea and its neighbors," Bush said.
"To end its isolation...North Korea must dismantle all of its nuclear facilities, give up its separated plutonium, resolve outstanding questions on its highly enriched uranium and proliferation activities, and end these activities in a way that we can fully verify."
Bush thanked everyone involved in the Six-Party Talks -- Japan, China, Russia, South Korea, North Korea and the United States.
"Today's a positive day, it's a positive step forward, there's more work to be done, and we've got the process in place to get it done in a verifiable way."
He also assured Japan that the United States takes the North Korea's abduction of Japanese citizens "very seriously," and that North Korea must address those concerns in a way that satisfies the Japanese.
"It is important for the Japanese people to know that the United States will not abandon our strong ally and friend when it comes to helping resolve that issue."
North Korea was singled out as one of three "axis of evil" states by George W. Bush at the beginning of his presidency, along with Iran and Iraq. Iraq, with U.S. help, is now adjusting to the post-Saddam period, and only Iran remains defiant on its nuclear weapons program.
On Thursday, President Bush said North Korea faces a "moment of opportunity."
"If North Korea continues to make the right choices, it can repair its relationship with the international community, much as Libya has done over the past few years. If North Korea makes the wrong choices, the United States and our partners in the Six-Party Talks will respond accordingly."
President Bush said the goal is a "stable and peaceful" Korean Peninsula.
"Today's developments show that tough multi-lateral diplomacy can yield promising results. Yet the diplomatic process is not an end in itself," he said.
Is CondI Rice remind you of college professor that give star football player passing grade that they didn’t turn in any work this remind me alot of North Korea situation
SEOUL, South Korea — North Korea is expected this week to turn over its long-delayed accounting of its nuclear weapons activities, part of a chain of events leading to a unique photo opportunity: the destruction of the cooling tower at Pyongyang's main reactor.
One item that won't make the declaration, which the White House says is due Thursday, will be North Korea's nuclear bombs. The omission means the world will have to wait for an answer to the question at the heart of the nearly six-year-old standoff: Is the North ready to give up its nuclear weapons?
Looks as if the NK Army will be kept in rice and fish heads for another year.
“North Korea handed over a long-awaited declaration of its nuclear programs to Chinese officials on Thursday.”
Why do I get this feeling that NK and China are ROTFL?
Seems like the N. Koreans used this move before with Clinton, when he sent them fuel oil and breeder reactor parts (for energy production only, of course).
Recent OFAC ActionsTo view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. 06/26/2008 Today, the President signed a Proclamation The President also issued an Executive order |
Why are folks bashing the President about this? It sounds exactly like Reagan's 'trust, but verify', attitude.
Well, she used to be the President of Stanford University.
Well you do got me there Tamar LOL!
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determining that the continuation of the exercise of authorities under the Trading With the Enemy Act (TWEA), 50 U.S.C. App. 1 et seq., with respect to North Korea, as authorized in Proclamation 2914 of December 16, 1950, most recently continued under Presidential Determination 2007-32 of September 13, 2007 (72 FR 53407), and implemented by the Foreign Assets Control Regulations, 31 C.F.R. part 500, and the Transaction Control Regulations, 31 C.F.R. part 505, is no longer in the national interest of the United States. The Proclamation terminates the exercise of these TWEA authorities with respect to North Korea, effective at 12:01 a.m. eastern daylight time on June 27, 2008, and rescinds Presidential Determination 2007-32 with respect to North Korea.