50% decline in oil imports, ban on natural gas import, restrictions on remittance flow, and restricting sale of its exports
But, it depends on how pro actively these are independent – role of China , plus it may push the countries into war
India for the 1st time has Supported the sanctions in a full-fledged manner on NK
Why Confrontation so much now ?
President Trump
Possibility of NK developing Bassistic missile which can hit USA- The red line
Nuclear Deal ?
No, Sir, NK has unfortunately not dealt with the previous deals well and further appeasement may only mean it operating the weapons program in a clandenstine manner
Effects
Warfare that can escalate into a global war given Russian and Chinese proximity to NK
Nuclear Arms Race
Kenneth Waltz – More weapons lead to an insurance against wars – NUCLEAR PEACE
Economic – South Korea – And Indian trade
Measures required
Tougher measures. Tougher sanctions
Ensure that China and other countries enforce these sanctions. India has lent full support to it- President Trump has said if China provides support, then willing to provide concessions to China on trade
Important to ensure that S K and Japan do not become victimised here. Hence, their protection becomes important
We may provide for Low Enriched Uranium
Conclusion – at the end, we may have to live with it. As experts have pointed, Nuclear weapons can help to maitain peace.
History
Buddhism
Indian role in Korean War
India criticised North Korea when it started the aggression and attempted to capture South
India was the CHAIR of the Neutral Nation Repatriation Commission That worked towards consensus building
The existing bilateral relationship is characterised by:
(A) India happens to be one of N Korea’s largest trading partners with bilateral trade standing at $100-million annually.
Space Collaboration – Training to Korean Students
(B) India is increasing providing DPRK ITES (IT enabled Services eg BPO) assistance by way of scientific and computer training
(C) India as one of the leading contributors has been extending humanitarian assistance to DPRK, which has suffered food shortages during the last few years
(D) Cultural exchanges between the two countries has been a regular feature
Benefits
(A) From a geo-strategic perspective, India is likely to use its closer ties with DPRK as a counter weight to the influence of its arch rivals – Pakistan and China, both of whom are known to be close allies of DPRK.
(B) DPRK’s rich reserves of rare earth metals can boast the growth of India’s IT and electronics industry.
(C) Given that India is close to both the Koreas, it could use its good offices to attempt to bring rapprochement between the two – thus cementing its position as an emerging player on the global forum.
Cons
Shares close relations with Pak and China
NUCLEAr from Pak
Indian proximity to Japan
Can’t be trusted– nuclear deal with US in the past
South Korea
Need to learn
President indicted
Heir of largest company under arrest – Corporate Governance lesson
History of ties
Ancient
Buddhism common connect
Koreans believe that the Princess of Ayodhya travellled married to the Korean King in 48 CE
Connection wrt to Colonial brutalities and the pain of separation of countries, and having a nuclear neighbour
Yet, India’s NAM policy meant India treated both the Koreas equally
India finally opened up to S Korea with the emergence of S Korea as an Asian Tiger in the 1980s and the Look East Policy in the 1990s
Narasimha Rao allowed 100% FDI to Korean companies
Since, then Samsung, LG, Hyundai have become household names
