Taiwan bans all trade with North Korea

Marco Green
September 26, 2017

Taiwan joins a long list of countries which have urged North Korea to suspend any activity that harms or threatens peace in the Asia Pacific region, and has pledged to abide by UN Security Council Resolution No. 2375 adopted on September 11.

A trader who handles coal from North Korea said his 5,000 tonnes of cargo were allowed through customs last month after being stuck at a Chinese port for six months. The UN Security Council resolution states that exports of crude oil to North Korea can not exceed the amount that was exported for a year prior to the resolution's adoption, but the Chinese government's notice only says that "condensed oil does not include crude oil".

He believes many or all of last month's unexpected imports were cleared under similar circumstances.

Liu Shuxin, a coal analyst with Zhuochuang Commodities based in Shandong province, said as much as 2 million tonnes of coal were left without homes by Beijing's coal embargo.

Ministry spokesman Lu Kang reiterated that China strictly implements U.N. Security Council resolutions imposed on North Korea for its nuclear and missile programmes. Diesel were just 170 tonnes, compared with zero tonnes a year ago.

China's diesel exports to North Korea in August totalled 170 tonnes, compared with zero in August 2016, while petrol shipments fell by more than 96 per cent from the same month of previous year to 180 tonnes.

Fuel prices in the country have surged in recent months, people familiar with the matter say.

Shipments from China's largest coal supplier Australia fell 19 percent in August, while arrivals from Russian Federation jumped to one of the highest levels in recent years amid robust demand for lower-cost foreign material from steel mills and power plants. Imports were down 27 percent on a year ago, according to customs' records.

Other reports by Click Lancashire

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