President Donald Trump on Monday announced a trade agreement between the United States and South Korea that he said will be mutually beneficial.
Mr Trump said the signing, which took place on the sidelines of the United Nation's General Assembly, was "a great day" for the US and South Korea. The on-again, off-again talks between North Korea and the United States are officially back on.
Denuclearization talks between the USA and North Korea had stalled since Trump called off Pompeo's scheduled visit to Pyongyang in July, citing what he called a lack of progress in the North Korean denuclearization process.
President Donald Trump and South Korean President Moon Jae-in have signed the first major agreement of Trump's trade agenda.
Secretary of State Mike Pompeo (pahm-PAY'-oh) said Monday on the sidelines of the United Nations General Assembly, "We've been at this the other way an awfully long time and failed".
Trump commented Monday in NY during an appearance with South Korean President Moon Jae-in.
US intelligence agencies have said that North Korea, which has not tested a ballistic missile since agreeing to the summit months ago, continues to work on technical advancements in its nuclear arsenal in secret.
"In addition to this deal, we have many in the works, and they are fair deals", he said.
Efforts to resume economic cooperation are limited by USA -led sanctions linked to the North's banned nuclear weapons program.
"We've imposed very stringent sanctions on Iran, more are coming, and what we expect from Iran is massive changes in their behavior", he said.
Trump on Monday characterised the agreement with South Korea as "a brand new agreement" rather than an incremental change. "This is one year later, a much different time".
However, James Schoff, a former senior adviser for east Asia policy at the Pentagon, now at the Carnegie Endowment for International Peace, said: "Trump's claim that this is a new agreement is not accurate, since only a few portions of the original deal have been reworked (and they used the amendment process in Korus to get it done)". El-Sissi said it's an obligation Trump has made clear. Kim expressed his unwavering trust in Mr. Trump, Moon said in passing along the North Korean leader's message.
President Trump is at the United Nations for his second general assembly meeting with world leaders since taking office and has participated in a counter-narcotics event.
"Today we commit to fighting the drug epidemic together", he added.
However, while appearing to set a positive tone, the commitments fell far short of Washington's demands for a complete inventory of North Korea's weapons programs and irreversible steps towards denuclearisation. The penalties are a result of Trump's decision to withdraw the USA from the 2015 Iran nuclear deal.
North Korean leaders have threatened to turn the South Korean capital into a "sea of fire" in the past.