• 14:46
  • 04.03.2021
Singapore suspends trade with N.Korea

Singapore suspends trade with N.Korea

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Singapore has suspended trade relations with North Korea, the latest of Pyongyang's major trade partners to cut commercial ties under toughening UN sanctions over its weapons program.
The move comes about two months after the US imposed North Korea-related sanctions on a number of firms and individuals, including two entities based in Singapore.
"Singapore will prohibit all commercially traded goods from, or to, the Democratic People's Republic of Korea (DPRK)," the city-state's customs said in the notice sent to traders and declaring agents last Tuesday, referring to the country by its official name.
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The suspension will take effect from November 8, Fauziah A. Sani, head of trade strategy and security for the director-general of customs, said in the notice.
Singapore is North Korea's seventh largest trading partner. The Philippines, Pyongyang's fifth biggest trading partner, suspended trade with North Korea in September.
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