US to lift sanctions on North Korea if it meets demands, says Pompeo

WION Web Team
USAUpdated: May 14, 2018, 06:28 AM IST

File photo of US Secretary of State Mike Pompeo. Photograph:(Reuters)

United States Secretary of State Mike Pompeo said on Sunday that Washington has agreed to lift the sanctions imposed on North Korea if it agrees to completely eliminate its nuclear program. 

This move would create economic prosperity that "will rival" South Korea.  

Speaking on several Sunday morning talk shows, Pompeo said the United States would not be willing to invest taxpayer dollars to help the country but was willing to "lift sanctions" to pave the way for private American investment in North Korea’s energy, agriculture, and infrastructure sectors.

Pompeo's comments come ahead of a planned June 12 meeting in Singapore between North Korean Leader Kim Jong Un and President Donald Trump, the first such meeting between a sitting US president and a North Korean leader.

“What Chairman Kim will get from America is our finest – our entrepreneurs, our risk takers, our capital providers...They will get private capital that comes in. North Korea is desperately in need of energy...for their people. They are in great need of agricultural equipment and technology,” he said on CBS's “Face the Nation.”

“We can create conditions for real economic prosperity for the North Korean people that will rival that of the South,” he added.

On Friday, North Korea said that it is taking measures to dismantle its nuclear test site. The test tunnels would be blown up, blocking their entries, the statement said.

All observation facilities and research institutes would be removed along with guards and researchers, it said, detailing the process of closing the site. 

US President Donald Trump thanked North Korea Saturday for promising to dismantle its nuclear test site. 

Last month, Pompeo became the first known U.S. official to meet with Kim, where he helped lay the ground work for the upcoming meeting with Trump.

He returned again to North Korea last week for a second meeting, after which Kim agreed to the historic release of three American prisoners.