China and the United States have made 'significant progress' in coming up with a United Nations (UN) resolution sanctions against North Korea for its recent rocket launch and missile tests.

Chinese Foreign Minister Wang Yi and US Secretary of State John Kerry have agreed to punish Pyongyang through the UN-backed sanctions that may include economic penalties as the two officials are wrapping up talks that started on Tuesday in Washington.

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The two nations vowed to work closely on the terms of the resolution and agreed to come up with a draft resolution in the coming days.

                                                            Important progress

"I would like to tell you important progress has been made in the consultations and we are looking at the possibility of reaching agreement on a draft resolution and passing it in the near future," Wang said.

Kerry has hailed the the talks as a 'significant progress' as both sides have finally agreed on the terms of punishment they will slap against North Korea.

Reports indicate that China and the US have both agreed that the sanctions against North Korea will not be so severe that it will worsen the security situation in the country.

                                                              Goal

Wang and Kerry agreed that the goal of the UN resolution will be to get North Korean leader Kim Jong-un back to the negotiating table and persuade him to abandon his nuclear program, end the proliferation of nuclear weapons, and urge him to rejoin the international community.

"We have made significant progress, it has been very constructive in the last days, and there is no question that if the resolution is approved, it will go beyond anything that we have previously passed," Kerry said.

Wang said Beijing and Washington were in agreement that North Korea cannot be allowed to develop its nuclear program and must be forced to return to a six-party international talks.

                                                             Unacceptable

"We do not accept the DPRK's nuclear missile programme and we do not recognise the DPRK as a nuclear weapons state," Wang said.

The US, for its part, said it will only come up with a peace deal with Pyongyang to end the hostilities between them since the 1950 Korean War if North Korea agrees to denuclearization over a period of time. 

TagsUN Resolution, Sanctions, Pyongyang, Wang Yi, John Kerry