Monday, 20 November, 2017

China Says Imports From North Korea Fall as Sanctions Enforced

China Says Imports From North Korea Fall as Sanctions Enforced China Says Imports From North Korea Fall as Sanctions Enforced
Kayla Schwartz | 16 July, 2017, 03:48

Since taking office in January, Trump has vowed to press Beijing, North Korea's only major ally and largest trade partner, to do more to curb the reclusive regime's weapons programs.

The UN and the US have attempted to use sanctions for the past decade in an attempt to stem North Korea's nuclear weapons development, but the latest July 4 test, which demonstrated a significant advance in its capabilities, have forced worldwide bodies to reconsider their response going forward.

Imports fell 13.2 percent to $880 million in the six months to June 30 from the same period a year earlier, the customs bureau said Thursday.

Frustrated that China has not done more to rein in North Korea, the Trump administration could impose new sanctions on small Chinese banks and other firms doing business with Pyongyang within weeks, two senior US officials said. "UN Security Council sanctions are not a total ban on shipments".

But foreign ministry spokesman Geng Shuang said United Nations resolution 2321 allows imports of iron and iron ore if the income is for the livelihood of civilians.

Will Smith CONFIRMED as the Genie with THIS Brit star as Jasmine
Aladdin , which is now in pre-production, does not have a release date but more information is expected to be released soon. That's not least that they need to find someone to play the villain, Jafar, as well as various other roles.

US President Donald Trump claimed in a tweet this month that China-North Korea trade in the first quarter "grew nearly 40 percent".

The fresh and potential sanctions could target "low-hanging fruit", or smaller institutions rather than any of China's bigger banks, but the breadth of and when the sanctions are put in place will be contingent on talks between the US and China Wednesday, administration sources told Reuters.

Late last month, the U.S. Treasury Department announced sanctions against two Chinese citizens and a shipping company, with the two individuals each conducting business with the North Korean government, according to Foreign Policy.

Trump acknowledged as much at a July 12 press availability held aboard Air Force One on the way to France to celebrate Bastille Day.

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