International Trade Law News /title <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> <html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en" lang="en"> <head> <title>International Trade Law News

« Home | Arab States Step Up Boycott Activity Against Israe... » | European Union Issues 2007 Version of Harmonized T... » | Emergency Committee for American Trade Issues Trad... » | U.S. Chamber of Commerce Issues GSP Report » | Antidumping and Countervailing Duty Investigations... » | CBP Closes Registration for 2006 Trade Symposium » | ITC Announces Affirmative Preliminary Injury Deter... » | November NCITD Meeting to Feature BIS, OFAC and IT... » | Commerce Department Announces New Program for Impo... » | Director of Defense Trade Controls Licensing Issue... » 

November 05, 2006 

U.N. Sanctions Committee Issues List of Prohibited Exports to North Korea

The U.N. Security Council's Sanctions Committee (UNSC) has distributed to member countries a list of equipment and technology that will be prohibited from being exported to North Korea under the sanctions imposed under U.N. Resolution 1718.

Many of the items on the sanctions list were selected based on restrictions under the Nuclear Suppliers Group, the Missile Technology Control regime and the Australia Group.

In addition, the UNSC has distributed another list that prohibits a number of industrial products from being exported to North Korea, such as high-strength steel and bearings, a variety of compound metals, high-performance computers and global positioning systems.

The UNSC's list did not specify which "luxury goods" would be prohibited from being exported to North Korea. Given the difficulty in identifying such goods, each member nation will be responsible for coming up with its own definition of prohibited "luxury goods". It has been reported that Switzerland has decided to prohibit the sale to North Korea of watches, caviar, wine, tobacco, luxury clothes, carpets, fur overcoats, electronic appliances and cars.

While many of these items are already prohibited from being exported to North Korea without a license (U.S. law currently permits the export of EAR99 products to North Korea), the U.S. Government is expected to modify the list of permissible exports to North Korea in the near future.

Labels:

Editor

Subscribe

Enter your e-mail address below to be notified of updates to International Trade Law News (privacy assured).

Powered by FeedBlitz (See Preview)

Search Trade Law News

International Trade Jobs

More Jobs/Post Jobs Below

Archives

Site Feeds and Bookmarks

Import/Export Links