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China halts North Korean coal imports
AFP-JIJI
BEIJING – China announced Saturday that it was suspending coal imports from North Korea for three weeks, in line with the latest United Nations sanctions against the hermit state.
“After the adoption of U.N. Security Council resolution 2321 … China is suspending North Korean coal imports,” the government said in a statement.
The three-week suspension starts Sunday and ends on Dec. 31, according to the statement.
The Security Council passed the resolution on the international sanctions against Pyongyang on November 30 in the wake of the North’s Sept. 9 nuclear test.
It limits North Korea’s coal exports next year to 7.5 million tons or just over $400 million, down 62 percent on 2015.
The cap represents a fraction of the North’s current annual exports to China, the isolated country’s sole ally and its main provider of trade and aid.
China imported 1.8 million tons of coal worth $101 million from North Korea in October alone, according to the most recent figures available on the Chinese Customs website. The volume was up nearly 40 percent year-on-year.
Under previous sanctions, the Security Council authorized the purchase of coal from North Korea provided revenues were not used to finance Pyongyang’s nuclear program.
However, the U.N. did not specify any assessment criteria, which allowed Beijing to increase its imports considerably while saying it was acting in good faith.
Between March and October, 24.8 million tons of coal was imported, three times the annual limit now allowed by the U.N.
Although Beijing has traditionally protected Pyongyang diplomatically, believing that Kim Jong Un’s regime is preferable to its collapse, it has grown frustrated by its neighbor’s defiance.
http://www.japantimes.co.jp/news/2016/12/10/world/china-halts-north-korean-coal-imports/#.WExIyVwQ7IU
AFP-JIJI
- Dec 10, 2016
BEIJING – China announced Saturday that it was suspending coal imports from North Korea for three weeks, in line with the latest United Nations sanctions against the hermit state.
“After the adoption of U.N. Security Council resolution 2321 … China is suspending North Korean coal imports,” the government said in a statement.
The three-week suspension starts Sunday and ends on Dec. 31, according to the statement.
The Security Council passed the resolution on the international sanctions against Pyongyang on November 30 in the wake of the North’s Sept. 9 nuclear test.
It limits North Korea’s coal exports next year to 7.5 million tons or just over $400 million, down 62 percent on 2015.
The cap represents a fraction of the North’s current annual exports to China, the isolated country’s sole ally and its main provider of trade and aid.
China imported 1.8 million tons of coal worth $101 million from North Korea in October alone, according to the most recent figures available on the Chinese Customs website. The volume was up nearly 40 percent year-on-year.
Under previous sanctions, the Security Council authorized the purchase of coal from North Korea provided revenues were not used to finance Pyongyang’s nuclear program.
However, the U.N. did not specify any assessment criteria, which allowed Beijing to increase its imports considerably while saying it was acting in good faith.
Between March and October, 24.8 million tons of coal was imported, three times the annual limit now allowed by the U.N.
Although Beijing has traditionally protected Pyongyang diplomatically, believing that Kim Jong Un’s regime is preferable to its collapse, it has grown frustrated by its neighbor’s defiance.
http://www.japantimes.co.jp/news/2016/12/10/world/china-halts-north-korean-coal-imports/#.WExIyVwQ7IU
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