NEW DELHI: The Directorate
General of Foreign Trade (DGFT) has come out with a notification to widen the
prohibition on direct or indirect import and export from/to North Korea.
"The direct or on direct or indirect supply, sale, transfer
or export of specified items to North Korea is prohibited," it said.
The items include condensates and natural gas liquids, refined
petroleum products and crude oil.
Similarly, direct or indirect procurement or imports of products
including seafood, lead ore and textiles are facing restrictions.
The "notification seeks to update the para 2.17 of the
foreign trade policy (2015-20, on imports and exports to North Korea, to
account for UNSC (United Nations Security Council) Resolutions," it added.
The bilateral trade between India and North Korea declined to USD
133.43 million in 2016-17 from USD 198.78 million in the previous fiscal.
Source: Dailyshippingtimes.com
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