Tillerson says USA won't set preconditions for North Korea talks
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It also prohibits all new joint ventures with North Korea, bans new investment in the current joint companies and adds nine North Korean officials and four entities including North Korea's main foreign exchange bank to the United Nations sanctions blacklist.
The U.S. -drafted resolution, negotiated with North Korea's neighbor and ally China, is aimed at increasing economic pressure on Pyongyang to return to negotiations on its nuclear and missile programs - a point stressed by all 15 council members in speeches after the vote.
Recently, US envoy to the UN Nikki Haley said that any new resolution by the UN Security Council "that does not significantly increase the worldwide pressure on North Korea is of no value".
Discussions are also under way for a US$3 billion railway project to connect Manila to Bicol, one of the poorest areas in the country's south.
"This was a strong day in the UN, it was a strong day for the United States and it was a strong day for the global community". The South China Sea has always been the most divisive issue within ASEAN, with China's influence looming large. "He will continue working with allies and partners to increase diplomatic and economic pressure on North Korea to end its threatening and destabilizing behavior". As NPR's Elise Hu reports, this is the latest rebuke against North Korea's two recent ballistic missile tests.
"These sanctions will cut deep, and in doing so will give the North Korean leadership a taste of the deprivations they have chosen to inflict on the North Korean people", Haley said. He also requested that China restrict crude oil exports to North Korea.
China, which relies on low-priced labor from North Korea, has been reluctant to restrict its acceptance of North Korean workers.
North Korea's economy has managed to stay afloat largely because China, its main trade partner, and Russian Federation and some African nations haven't fully enforced existing U.N. sanctions.
Wang said the two had an intensive conversation during which China urged North Korea to maintain calm.
"We have agreed upon and approved the COC framework and this is an important outcome of our joint effort", Wang told reporters on Sunday in a press briefing on the second day of the Asean Foreign Ministers Meeting.
"The US administration took this childish measure of issuing a travel ban to our country while finding fault with the exercise of legitimate right of the sovereign state", the statement added, noting that "there is no country in the world that will ignore the foreigners who committed hostile acts within its territory".
Markets were calm Sunday as tensions continue to flare between the United States and North Korea and the investigation into President Trump's campaign's potential collusion with Russian Federation hits a new stage.
Would Tillerson interact with his North Korean counterpart, even informally, if they crossed paths in Manila?
Mr Tillerson said this week that such talks would have to be predicated on the North giving up its nuclear weapons aspirations and that those conditions have not yet been met by North Korea's government.
North Korea has embassies and some businesses in several South-east Asian countries, some of which trade goods with Pyongyang. China, North Korea's biggest customer by far, signed on.
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