Canberra:  The United States, China, and North Korea have reached an agreement in principle on the formal end of the Korean War.

Visiting Canberra President Moon Jae-in of South Korea stated on Monday that the US, China, and North Korea have reached an agreement in principle on declaring a formal end to the 1950-53 Korean War, and that Seoul will press for it. According to sources, Moon made the statements during a joint press appearance with Australian Prime Minister Scott Morrison following bilateral summit discussions in Canberra.

"The United States, China, and North Korea have all stated their agreement in theory, in concept," Trump added, referring to the cease-fire statement he suggested. "However, we have been unable to initiate discussions because North Korea demands a fundamental renunciation of the US' hostile policy toward the North as a prerequisite." Moon stated that his government will work until the parties reach a deal.

During the conflict, the United States fought alongside South Korea to repel a North Korean assault backed by China. "It can act as motivation to relaunch discussions between the South, North, and the US, in addition to signaling the end of the insecure armistice system that has lasted over 70 years." Moon's early diplomatic outreach to North Korea resulted in a historic US-North Korean summit in Singapore in June 2018, sparking hopes for a breakthrough in efforts to destroy Pyongyang's nuclear weapons programme.

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