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Singapore suspends trade ties with North Korea

Singapore suspends trade ties with North KoreaSingapore, Nov 17 (IANS) Singapore has suspended all trade ties with North Korea as the UN and the US seek tougher measures against Pyongyang, an official notice said on Friday.

Singapore Customs said commercially traded goods from or to North Korea had been banned from November 8, reports the BBC.

Offenders may be fined or jailed for up to two years.

 

It comes as UN sanctions were imposed after North Korea's sixth nuclear test.

Singapore was the North's eighth biggest trading partner in 2016, but that only made up 0.2 per cent of the Communist regime's trade.

The latest round of UN sanctions targeted several firms and individuals, including two businesses in Singapore.

In January 2016, a Singapore firm was fined $125,700 for facilitating a shipment of arms from Cuba to North Korea after a court found the Chinpo Shipping Co was in breach of the UN sanctions on North Korea.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Singapore suspends trade ties with North Korea

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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