U.S. to Prohibit Exports of iPods, Harleys and Other "Luxury Goods" to North Korea
The Associated Press has reported that the U.S. has prepared a list of "luxury goods" that will be prohibited from being exported to North Korea under the sanctions imposed under U.N. Security Council Resolution 1718. According to the article, the list of items that will be prohibited from being exported from the U.S. to North Korea includes certain electronic goods, such as iPods and plasma television; cognac; Rolex watches; cigarettes; artwork; expensive cars [the definition of "expensive" is not defined]; Harley Davidson motorcycles; personal watercraft (Jet Skis); music and sports equipment.
U.N. Resolution 1718 did not specify which "luxury goods" would be prohibited from being exported to North Korea. Given the difficulty in defining the term, each U.N. member nation is responsible for coming up with its own definition of prohibited "luxury goods".
It is likely that the Bureau of Industry and Security (BIS) will be responsible for administering the U.N. sanctions on North Korea. The prohibition on the export of luxury goods, as well as the other type of products prohibited under U.N. Resolution 1718, will take effect when published in the Federal Register.
Labels: BIS, Export Controls
|posted by Douglas N. Jacobson| Permalink 
