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Sanctions: China’s trade with N’Korea tumbles

Agency Report by Agency Report
January 12, 2018
in Top News
Sanctions: China’s trade with N’Korea tumbles
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As North Korea struggle to cope with economic challenges following sanctions imposed on Pyongyang by United Nation and United States of America over nuclear and missile development, China says its trade with the Kim Jong Un-led country fell 50 per cent in December from a year earlier.

Chinese government had also imposed sanctions on Pyongyang’s nuclear and missile programme.

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The Chinese customs agency said Friday that imports from the North shrank 81.6 per cent to $54 million while exports to the isolated, impoverished country contracted 23.4 per cent to $260 million.

The UN Security Council has steadily tightened prohibitions on buying the North’s goods or supplying it with oil in an effort to discourage leader Kim Jong Un’s government from pursuing nuclear and missile technology.

Tags: Kim Jong Un’snewsNEXT EDITIONnigerian newspapersNorth KoreaUnited States
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