Nuclear Issues

In the aftermath of the Hanoi summit, it is important to assess how U.S. President Donald Trump and North Korean leader Kim Jong Un will proceed to avoid a collapse of the denuclearization process as well as how Vietnam can reap long-term benefits for its international profile and tourism industry. It may be the case that the Hanoi summit was a failure, but a necessary one in the context of growing unrealistic expectations from both Washington and Pyongyang. Vietnam still has a lot to do after the summit to continue contributing to North Korea’s reform and denuclearization.

It was finally revealed by Trump via his usual communication channel – Twitter – that Hanoi was the venue for the much-anticipated meeting. It is most likely that the choice of venue was made with consent from Kim; thus the decision also gave clues as to North Korea’s intentions in participating in, and plans for the upcoming Hanoi summit.

Last week, CNN reported that Hanoi, alongside with Bangkok and Hawaii l, has been shortlisted by the United States as possible venue for a second summit between Donald Trump and Kim Jong Un. At the same time, citing an anonymous South Korean diplomat, the Korean Herald put Hanoi, Hawaii, and Singapore instead of Bangkok as top candidates for the follow-up meeting between the leaders of the United States and North Korea after their historic talk in Singapore last year. According to another South Korean newspaper, the Munhwa Ilbo, it was also Hanoi where American and North Korean officials met recently to discuss the planning for this event.

Is North Korea serious about denuclearizing in exchange for a new peace architecture on the Korean Peninsula? Analysts are split on the matter. Many reject the possibility out of hand, insisting that the regime views nuclear weapons as essential to its identity and security for the indefinite future. Others point to North Korea’s security environment as the root cause of its perceived need for nuclear weapons, and suggest that if its hostile environment were to change, the regime might be less committed to remaining a nuclear weapons state.

Not only would sanctioning SWIFT be a major escalation in U.S. sanctions policy, but an entirely reckless decision. Realistically, enforcing sanctions against SWIFT would have significant consequences for both the U.S. and global financial system—upending decades of international norms.

Although it remains to be seen whether or not the Iran nuclear deal is salvageable, there are few incentives left for Iran to implement anti-money laundering reforms. For better or worse, the Financial Action Task Force and the future of the JCPOA have become politically intertwined as a consequence of US unilateral sanctions.

Despite one of the most extensive sanctions regimes in history, including an embargo on missile technologies, North Korea has taken huge steps forward in its ballistic missile programme. Daniel Salisbury explores the limitations of, and challenges of implementing, supply-side approaches to missile nonproliferation. Considering North Korea’s recent progress and efforts to evade sanctions, the article highlights the continuing need to strengthen efforts to counter illicit trade in missile-related technologies.