In Line With UN, India Imposes Fresh Restrictions on Trade With North Korea
PTI
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Bilateral trade between India and North Korea declined to $133.43 million in 2016-17 from $198.78 million in the previous fiscal.
North Korean leader Kim Jong Un salutes during a visit to the Ministry of the People's Armed Forces on the occasion of the new year, in this undated photo released by North Korea's Korean Central News Agency (KCNA) on January 10, 2016. Credit: Reuters/KCNA
New Delhi: India today imposed fresh restrictions on trade with North Korea in line with the restrictions imposed by the United Nations, the Directorate General of Foreign Trade (DGFT) said.
As per a notification of the DGFT in the commerce ministry, "supply, sale, transfer or export" of crude oil will be subjected to the restrictions imposed by the UN Security Council (UNSC).
The trade restrictions on helicopters has now also been extended to new or used vessels.
North Korea is facing sanctions from the UN and the US for pursuing its nuclear programme.
Certain curbs have also been imposed on export of industrial machinery, iron, steel and other metals, the notification said.
New restrictions have been imposed on import of food and agricultural products, electrical equipment and stone, among others from North Korea.
In October last year, the DGFT had imposed restrictions on trade in condensates and natural gas liquids, refined petroleum products.
Bilateral trade between India and North Korea declined to $133.43 million in 2016-17 from $198.78 million in the previous fiscal.
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