Economy

North, South Korean top diplomats talk in Manila

North, South Korean top diplomats talk in Manila

Concern has mounted that North Korea is developing its missile technology quicker than expected, after tests last month of missiles that experts said are capable of striking the USA mainland, perhaps as far inland as Chicago.

"These developments seriously threaten peace, security and stability in the region and the world", said a joint statement".

They urged the North to immediately and fully comply with its obligations under UN Security Council resolutions.

The conference also discussed orientations for their cooperation in the time ahead, compared viewpoints on regional and global issues, and looked into preparations for the 20th ASEAN + 3 Summit in November.

However, Department of Foreign Affairs Spokesperson Rob Bolivar said chances that rejected phrases would be edited into the draft were slim.

Foreign ministers from 27 countries gather here for the 50th ASEAN Foreign Ministers' Meeting (AMM) and Related Meetings from August 2 to 8.

A United Nations Security Council resolution negotiated by the United States and China seeks to cut all North Korean exports of coal, iron, lead and seafood in response to Pyongyang's ballistic missile tests, according to two diplomats familiar with the measure.

Philippine Foreign Secretary Cayetano and ASEAN Secretary-General Minh unveil the painting of the ASEAN founding fathers during the opening ceremony of the 50th ASEAN Regional Forum in Pasay city, metro Manila, Philippines.

The sanctions move played out as foreign ministers from across Asia gathered Sunday for a regional summit in the Philippines, where concerns about North Korea were already dominating the agenda. The South Korean envoy held a rare but brief meeting in Manila with North Korea's top diplomat, who also spoke by phone with Russian Foreign Minister Sergey Lavrov, who had discussed the sanctions with Tillerson a day before.

South Korea's President Moon and US President Donald Trump spoke Sunday evening Washington-time about the situation in North Korea and the fresh round of United Nations sanctions imposed on North Korea.

Officials in Washington say its latest test a week ago showed it may be able to reach most of the country.

Chinese foreign minister Wang Yi on Sunday said that while the sanctions were "necessary" after Pyongyang's missile tests in July, only negotiations would resolve the conflict on the Korean Peninsula.

Beijing claims nearly all of the South China Sea, including a cluster of islands, reefs and atolls further south called the Spratlys; ASEAN members Brunei, Malaysia, the Philippines, Taiwan and Vietnam have overlapping claims on the waters.

It is unclear how a non-legally binding COC is different from the non-binding DOC.

The framework, which is believed to "cement" ASEAN and Chinese commitments to negotiate a binding code to ease tensions in the disputed waters, urges "respect for each other's independence, sovereignty and territorial integrity in accordance with global law, and the principle of non-interference in the internal affairs of other states". China has refused to recognize the ruling, based on a 1982 maritime treaty.