China Gives DPRK Businesses Operating On Its Soil 120 days To Shut Down

by Bamidele Ogunberu Posted on September 28th, 2017

China’s Ministry of Commerce and the National General Administration for Industry and Commerce announced today, thursday, september 28th, that China has ordered North Korea, DPRK enterprises operating on its soil to close within 120 days in line with the latest sanctions adopted by the United Nations Security Council on September 11.

The decision was taken on September 12, but just announced.

According to Resolution 2375 of the United Nations Security Council, UNSC, which was unanimously adopted by the 15-member bloc, “states shall prohibit, by their nationals or in their territories, the opening, maintenance, and operation of all joint ventures or cooperative entities, new and existing, with DPRK entities or individuals, whether or not acting for or on behalf of the government of the DPRK.”


Photo: Missile happy DPRK Leader Kim Jong Un

China Bans Textile Trade, Limits Refined Oil Trade To North Korea

Beijing, China. Sept 23:  In a statement posted to its website late on Friday night, China’s commerce ministry said the world’s second largest economy will limit exports of refined petroleum products to North Korea, DPRK, starting on Oct 1, confirming Beijing’s participation in new UN sanctions intended to rein in its neighbour.

The commerce ministry reiterated the terms of the latest resolution, writing that UN member states would not export more than 500,000 barrels of refined petroleum products to the North in the final three months of 2017, and 2 million annually starting next year.

“Chinese government authorities will issue a notice based on the export situation when approaching the upper limit, and from that date implement a prohibition on exports of refined oil products to North Korea for the year,” it said.

It added that China has issued a “comprehensive ban on imported textiles” from North Korea, reiterating another clause of the new sanctions that prohibits trade in both fabric and clothing.

The United Nations Security Council, including permanent member Beijing, approved tough sanctions against Pyongyang last week in response to its sixth and most powerful nuclear test.

Washington had initially sought a full oil embargo, but softened its stance to secure backing from Russia and China – the North’s sole ally and main trading partner, responsible for around 90 per cent of its commerce.

China supplies materials to the North, where they are made into clothing in factories using cheap labour, and often re-exported to China.

The announcement follows days of increasingly bellicose rhetoric between US President Donald Trump and Kim Jong Un’s regime, which has raised international alarm.

The US has accused Beijing of not doing enough to pressure Pyongyang into abandoning its nuclear programme.

China halted iron, iron ore and seafood imports after the previous round of sanctions against North Korea, DPRK in August.

But Beijing fears pressuring Kim’s regime into collapse, which will trigger a flood of refugees across its border and eliminate a strategic buffer separating China from the US military in South Korea.


Photo: A petrol (gasoline) truck delivers fuel to a service station in Shenyang, northeast China

Beijing has condemned the North’s missile tests, but hopes to resolve the nuclear situation through diplomatic means, pleading for a resumption of long-dormant six-nation talks.

It has pushed a tit-for-tat proposal in which North Korea suspends its arms programmes in return for a halt to US military drills in the region – which has been ignored.

The majority of North Korea’s oil likely comes from China, but the exact tally of oil exports remains unknown, as Beijing has not published such data since 2014.

According to UN customs data, China sent 6,000 barrels a day of oil products to North Korea in 2016.

Author

Bamidele Ogunberu

Bamidele Ogunberu

A prolific writer, Bamidele has worked in generalist and public relations capacities for an energy company before making the cross over into journalism and has never looked back
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