"The Secretary-General urges all concerned parties to seize this momentous opportunity and reiterates his readiness to fully support the ongoing process", the statement added.
President Donald Trump with North Korea leader Kim Jong Un on Tuesday during their first meetings at the Capella hotel on Sentosa island in Singapore. The U.S. has previously ruled out a halt in military exercises on the Korean peninsula as part of its military alliance with Seoul.
The freshly-inked agreement does lack detail, said Tina Park, a North Korea expert.
South Korean President Moon Jae-in meanwhile hailed the outcome of the Singapore Summit, saying the "historic event" had ended the last Cold War conflict.
"The North Koreans did not come with anything new", Hayden said on CNN.
Australia has imposed sanctions on North Korea - covering travel, goods and services, banking and scientific co-operation - since 2006 in response to the regime's weapons programs.
The camera then pans to the rotund Kim who seemed startled and a little embarrassed as his translator repeats Trump's comments back to him. Leaning into its movie trailer aesthetic, the video begins with the phrase, "Destiny Pictures Presents", and includes voiceover lines like "featuring President Donald Trump and Chairman Kim Jong Un...in a meeting to remake history".
"What North Korea has gained, however, is tangible and lasting". Today, the NBA Hall of Famer is making headlines for a freakish, emotionally-charged interview on CNN in which the man formerly known as "The Worm" weeped with joy while discussing the highly-publicized Trump-Kim Summit.
"We in Australia, the Australian government is now assessing what we could offer in terms of expertise to assist in that verification process", Ms Bishop said.
"It's going great. We had a really fantastic meeting", Trump said after the lunch. But those words are hugely subject to interpretation, including what guarantees Trump might offer and what sort of time frame Kim sees for "denuclearization".
Later, after the joint signing, Kim said that "the world will see a major change".
With respect to an eventual peace treaty, Trump said that China will be included in those talks, and both China and South Korea should be signatories to any peace treaty between the two Koreas.