Trump and Kim Jong Un (North Korea) signed the agreement.
On June 12, for the first time in history, the summit of the leaders of the United States and North Korea (North Korea) took place. Recall that formally, the United States and North Korea are at war (only a truce was signed after the war in Korea).
The document says:
"President Trump pledged to provide security guarantees for the DPRK, and Chairman Kim Jong Un reaffirmed his firm and unwavering commitment to the plan for the full denuclearization of the Korean peninsula."
The agreement says:
1. The United States and the DPRK pledged to establish new American-North Korean relations in accordance with the desire for peace and prosperity for the peoples of the two countries.
2. The United States and the DPRK will work together to build a lasting and stable peace on the Korean peninsula.
3. The confirmation of the Panmunjom Declaration of 27 April 2018, in which the DPRK undertakes to conduct a full denuclearization of the Korean peninsula.
4. The United States and North Korea have undertaken to return the remains of prisoners of war, including the immediate repatriation of those already identified.
Bottom line: This is essentially not an agreement, but a declaration of intent. It is necessary to look after the continuation of the plot. Everyone understands that the leader of North Korea can at any time give up his obligations.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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