The president appears to be sincere in his desire to engage North Korea. Kim appears to be serious about taking a different approach than his predecessors internationally. Neither side should let this moment pass without taking a greater effort to reach agreements which could make the peninsula more stable, secure, prosperous, and peaceful.

Doug Bandow is a Senior Fellow at the Cato Institute and a former Special Assistant to President Ronald Reagan. He is the author of Tripwire: Korea and U.S. Foreign Policy in a Changed World and co-author of The Korean Conundrum: America’s Troubled Relations with North and South Korea.

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