President Trump Announces New Sanctions Against North Korea CSPAN September 23, 2017 11:58am-12:10pm EDT
feeling, i invite the head of state and governments from around the world to come. the steps you take together will become a march for peace. allok forward to seeing you next year. thank you. [applause] >> on behalf of the general assembly, i wish to thank his the president of the republic of korea, for the statement just made. now i request representatives to remain seated while we greet the head of state.
today, i'm announcing a new executive order signed that significantly expands our authorities to target individuals, companies, financial institutions that finance and facilitate trade with north korea. address toed in my the united nations general assembly, north korea's nuclear weapons and missile development is a grave threat to peace and security in our world, and it is unacceptable that others financially support this regime.'s rogue the brutal north korean regime does not respect its own citizens, or the sovereignty of other nations.
will cutxecutive order off sources of revenue that funded north korea's efforts to develop the deadliest weapons known to humankind. the order enhances the treasury department's authorities to target any individual or entity that conducts significant trade in goods, services, or technology with north korea. that,ry proud to tell you as you may have just heard moments ago, china, their central-bank as told there other to immediately stop doing business with north korea. this just happened. to everything else, what we will do is identify new industries, including textiles,
fishing, information, technology, and manufacturing that the treasury department can target with strong sanctions. secretary mnuchin is representing the treasury department. to prevent sanctions. the order includes orders or disrupt critical north korean shipping and trade networks. for much too long, north korea has been allowed to abuse in the international financial system to facilitate funding for its nuclear weapons and missile programs. united states has had representatives working on this problem for over 25 years, they have done nothing. that's why we are in the problem that we are today. in addition to other countries not doing what they should have done. tolerance for this disgraceful practice must end now. a new order will give the treasury department the discretion to sanction any
foreign bank that knowingly conducts or facilitates significant transactions tied to trade with north korea. i want to thank president xi of china for the very bold move he made today. that was a somewhat unexpected move, and we appreciate it. new authority in this area applies to any activity that occurs, following my signature on the executive order which i have just signed,. foreign banks will face a clear choice, do business with the united states or facilitate trade with the lawless regime in north korea. they want to have so much. trade. this -- they won't have too much trade. the order targets only one country and that country is, north korea. the regime can no longer count on others to facilitate its
trade and banking activities. many countries are working with us to increase economic and diplomatic pressure on north korea. i continue to call on all of those responsible nations to enforce and implement u.n. sanctions and opposed their own measures, like the ones i'm announcing today. that this is a complete denuclearization of north korea that we seek. we cannot have this as a world body any longer. in a few minutes, prime minister abi, president mont and i are going to discuss what more we can do. we have had a very close relationship, i think our relationship to become closer because of this. i know it's going to be a great
meeting, our alliance with south korea and japan have never been stronger than it is today. we share a commitment to creating a world where strong and independent nations honor their people, respect their sovereignty, respect the sovereignty also of other nations, and promote peace. thank you very much, i'd like to ask startup president noon to say a few words. >> they are saying the provocation coming from north korea, the japanese people must have gone through a huge shock. i believe the standard concerns the japanese people because of this publication. thelike to express compassion for the japanese people in regard. the three leaders have met at
the g20 summit meeting in july in germany, they issued a joint statement. it set a firm foundation for close coordination among the three countries. we are coordinated closely with the community. , theressure on north korea un's general assembly the three leaders have come together and have all made speeches. we met with leaders of the major countries and we were able to enhance understanding about these sanctions. i think this is the outcome that made.f us have president trump just talked about the executive order. the u.s. is going to be
them.enting sanctions on there is a major announcement made by china to take actions. i'm very confident that such a move will contribute to complete denuclearization's of north korea. korea waso say that -- will close the united states on this matter. i facilitate hope that there leadershipisplay of in coordinating a response to this north korean issue. i look forward to engaging in in-depth discussions on solutions to the problems. >> in the last three weeks, two
times north korea launched ballistic missiles. they conductedn, six nuclear tests. the scale of the tests were beyond the scale of hiroshima bombs, more than 10 times the scale of the nuclear test. this is intolerable, outrageous act. through donald trump's this summitwe have meeting between japan, u.s., and korea. we are unity and solidarity strength that can be presented to north korea. ais meeting is indeed quite significance. i'd like to thank the leadership. recently, u.n. sanctions was adopted unanimously, including a very strict sanctions. i'd like to thank the efforts
of the u.n. ambassador. the further efforts are needed. in this context, donald just referred to signing of the executive order. we are going into the new stage of that pressure from the viewpoint of exercising stronger pressure. i welcome the new sanction measures from the united states, i'd like to offer my heartfelt support for that. bearing in mind those measures, we will have the collaboration so that we will move toward the abandoning of nuclear weapons and programs by north korea. we would like to lead into the next action. thank you very everybody. we als