Homepage / Asia / India looks to enhance ties with North Korea with ministerial visit
Top VC deals: Kroger buys Home Chef, PayPal buys iZettle and Rover raises $155 million Next time you buy a TV at Best Buy, you may be offered health care, too MVP robots won't take football players' jobs, but they may just save their legs The government could save $1 billion by combining its 12,062 data centers — but it's behind plan Elon Musk may actually be making a website to rate journalists for credibility and 'core truth' Bank of America outlines tips investors can use to beat the market Silicon Valley investors explain why they're scared of China YouTube Music is really good, but probably not enough to pull you away from Spotify Trump administration is telling Congress it has an agreement to save China's ZTE: New York Times No recession until late 2020, so keep buying stocks, Credit Suisse says Moody's warns of 'particularly large' wave of junk bond defaults ahead Cryptocurrency stunt to climb Mount Everest reportedly turns deadly Chinese police take down gang of inventive online reputation cleaners Italy's Conte struggles to form team; markets tumble Cramer: Foot Locker's stellar earnings show the 'mall is still not dead' yet Roku shares jump after short-seller reverses call, says he doesn't want to bet against cord-cutting Wyoming's plan to diversify its economy from fossil fuels … to blockchain Facebook, Google face complaints worth $8 billion over alleged breach of new EU data law Apple's self-driving partnership is the next phase of 'Apple as a service,' Gene Munster says Consumers expect smaller gains in income than a year ago, May sentiment survey finds Herbalife shares plunge after Carl Icahn said he is lowering his stake in the company South Africa's ailing state-owned firms set to invest billions in dramatic reform program Why you're suddenly getting lots of emails from sites you haven't visited in years 'Fortnite': This is how a free video game might make $3.5 billion White House official: Trump could take a harder line on trade with China now that the Kim Jong Un summit is off Stocks making the biggest moves premarket: FL, HIBB, BKE, GPS, DECK, ADSK, ROST, AZN & more Apple blocks Steam's plan to extend its video games to iPhones Foot Locker shares are jumping 15% after a blowout earnings report PayPal upgraded by Stifel because of its addition of new financial services Samsonite slides for a 2nd day after a short-seller attack, but some analysts are unfazed US Commerce Secretary Wilbur Ross to visit China for trade talks in early June A specialty retailer up 118% in one year could have more room to run after earnings Gold is back: The rise in geopolitical tensions boosts precious metal prices The 'Meghan Markle Effect' is boosting gold jewelry sales US media websites down in Europe after a huge data law shakeup Tencent's WeChat drops 'sugar daddy' dating website Autodesk forecasts second-quarter profit below estimates Turkey's leadership scrambles to regain investor confidence in its monetary policy Italy's Enel accuses Spain's Iberdrola of 'aggressive' tactics in Brazilian power struggle Sanctioned tycoon Deripaska resigns as director of his firm Rusal The battle for the biggest prize in soccer, worth $370 million, is taking place this weekend One of the biggest names in advertising thinks you're going to get paid for sharing your data European markets seen higher after Trump scraps US-North Korea summit US jury awards Apple $539 million in Samsung patent retrial How Europe’s new privacy law called GDPR is creating big business opportunities Trump can take some lessons from the failed summit with North Korea, says a former US ambassador A Trump-Kim meeting could still take place down the road China's box office recently beat the US, and is now on the cusp of a 'new growth cycle' Steve Cohen's Point72 is bullish on Asia — and they like these sectors The crackdown on cryptocurrencies is a good thing, say traders Read the full statement from South Korean President Moon Jae In here Asian stocks poised to slide after Trump cancels North Korea summit Cramer Remix: Don’t let this buying opportunity pass again Indigo Agriculture CEO wants to change economics for farmers with a 'revolution in agriculture' The phone company founded by Android creator Andy Rubin is reportedly for sale US bill would force tech companies to disclose foreign software probes Nutanix falls on a wider-than-expected quarterly loss Google employees are spending heavily to elect Democrats in California and to flip the House How to send your Twitter feed back 10 years and see early, silly tweets Facebook shows once again that it does not understand or value journalism Whip yourself into shape by using this Apple Watch feature to compete against friends and family Trump and Europe are entering a 'game of chicken' over Iran nuclear deal sanctions New Boeing 777 will have folding wings Facebook and Twitter announce stricter political ad guidelines ahead of midterms Here is the federal labor complaint the United Auto Workers just filed against Tesla Elon Musk has a history of wild ideas — some of them have worked out Netflix passes Disney and is now biggest pure media company in the world by market value Zuckerberg says Facebook has 'always shared' the values of Europe's new data law Best Buy’s big sell-off could soon be a buying opportunity, says market watcher Iran's Supreme Leader just made 5 tough demands for Europe to save the nuclear deal Ray Dalio said last year gold was good protection because of Trump and North Korea 'playing chicken' Classic dividend stocks are tanking, but think before you make the mistake of selling Watch Facebook's Mark Zuckerberg speak at Viva Tech 2018 as concerns over data protection heighten North Korea summit cancellation part of 'downside risks' for the economy, Fed's Bostic says Spain economy minister says he's not concerned about Italian bond market contagion Art Cashin: Stock drop reflects mistaken assumption Trump would do everything to make North Korea summit work Uber ‘moving in the right direction’ and will hopefully keep London license, exec says Labour laws in 104 countries reserve some jobs for men only Dear oil helps some emerging economies and harms others Tailor shops are a thriving pocket of enterprise in Pyongyang Why it makes sense to invest in Treasury bonds Why even bears about the government-bond market can find merit in Treasuries Who will be the main loser from Europe’s new data-privacy law? What is an audit for? As Tesla’s share price falls, it becomes an inviting takeover target How kidnapping insurance keeps a lid on ransom inflation CEO says Crowdstrike's security platform could someday attract Amazon, Google Cisco CEO Chuck Robbins speaks at VivaTech 2018 amid heightened cybersecurity concerns South Korean stocks ETF tumbles after Trump cancels meeting with North Korea's Kim Jong Un Cramer: Trump's investigation into auto imports in the name of national security is a 'stretch' Existing home sales drop 2.5% in April Gold jumps after Trump cancels North Korea summit as global investors seek safety Uber's self-driving SUV saw pedestrian in fatal accident but didn't brake, officials say Trump cancels Singapore nuclear summit with North Korean leader Kim Jong Un JP Morgan: Charts show new market highs are coming soon, led by bank stocks GE doesn't plan to cut dividend again, sources say Best Buy shares tumble 6% after CFO's disappointing outlook Facebook must comply with European privacy laws in 'real life,' EU's digital policy chief say Fed's Kaplan sees another four rate hikes or so before central bank finishes its job Morgan Stanley: Buy Apple shares on the ‘emerging power’ of its services

Asia

India looks to enhance ties with North Korea with ministerial visit

India, bolstered by recent peace signals from North Korea, is moving to strengthen ties with the reclusive regime.

Indian Minister of State for External Affairs VK Singh arrived in Pyongyang with a delegation of officials on Tuesday for a two-day stay, meeting with a host of senior officials such as Foreign Minister Ri Yong Ho and Culture Minister Pak Chun Nam.

It was the first high-level visit by an Indian minister to the rogue state in nearly two decades.

“Now that the environment around North Korea is changing, India may feel like it’s an opportune moment to reach out, perhaps in potential anticipation of the country opening up,” said Harsh Pant, distinguished fellow and head of strategic studies at New Delhi-based think tank Observer Research Foundation.

Despite some hiccups in international efforts to restrict North Korea’s nuclear weapons — Kim Jong Un’s administration on Wednesday threatened to withdraw from a June 12 meeting with President Donald Trump — tensions on the Korean Peninsula have greatly subsided from last year’s regular missile launches.

And now that the White House is reaching out to Kim — Secretary of State Mike Pompeo over the weekend mentioned the potential for private investment in the underdeveloped state — New Delhi likely wants to follow suit.

“The visit may have been spurred by the recent developments in U.S.-North Korea relations,” said Amit Cowshish, a former advisor at the Indian Ministry of Defense and current partner with law firm Dua Associates.

But that isn’t to say India is looking to inject itself into nuclear negotiations.

Rather, “the purpose of the visit seems to be to explore the possibility of resetting mutual relations in the context of India’s Act East policy,” Cowshish stated, referring to Prime Minister Narendra Modi’s foreign policy initiative of warming up to Asian neighbors.

New Delhi may see this visit as a means to position itself out front should North Korea stabilize and join the international community, said Pant.

Before Modi suspended the bulk of bilateral trade with North Korea in 2017 amid international sanctions on the isolated nation, the two enjoyed friendly diplomatic, commercial and economic ties for decades.

“There were even reports in late 2016 and early 2017 that India was the third largest trade partner of North Korea, although these figures did not consider the substantial illicit or undeclared commerce involving China and Russia,” said Dhruva Jaishankar, foreign policy fellow at Brookings India.

India also maintains an embassy in Pyongyang, resisting pressure from Washington last year to sever all links with Kim’s government.

For Asia’s third-largest economy, North Korea is inextricably linked to security and terror concerns around rival Pakistan, Pant explained.

Islamabad has long provided Pyongyang with nuclear technology under the network of Abdul Qadeer Khan, the father of Pakistan’s nuclear program who has admitted to sharing designs with countries such as Libya, Iran and North Korea.

Source: cnbc china
India looks to enhance ties with North Korea with ministerial visit

Comments are closed.