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India stiffens restrictions on trade with North Korea

The bilateral trade between India and N Korea declined to $133.43 million in 2016-17 from $198.78 million in the previous fiscal

Press Trust of India  |  New Delhi 

In this May 7, 2016, photo taken and distributed by the North Korean government, North Korean leader Kim Jong Un speaks during the party congress in Pyongyang, North Korea. (Photo: AP/PTI)
North Korean leader Kim Jong Un speaks during the party congress in Pyongyang, North Korea. (Photo: AP/PTI)

India has put in place a stricter regime for trade with in line with the restrictions imposed by the

The Directorate General of Foreign Trade (DGFT) has come out with a notification to widen the prohibition on direct or indirect import and export from/to


"The direct or on direct or indirect supply, sale, transfer or export of specified items to is prohibited," it said.

The items include condensates and natural gas liquids, refined petroleum products and crude oil.

Similarly, direct or indirect procurement or imports of products including seafood, lead ore and textiles are facing restrictions.

The "notification seeks to update the para 2.17 of the foreign trade policy (2015-20, on imports and exports to North Korea, to account for (Security Council) Resolutions...," it added.

The bilateral trade between India and declined to $133.43 million in 2016-17 from $198.78 million in the previous fiscal.

First Published: Fri, October 20 2017. 18:23 IST
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