India Amends Foreign Trade Policy to Ban Certain Imports/Exports with North Korea, Following UNSC Resolutions.
The amendment to Paragraph 2.17 of the Foreign Trade Policy 2015-2020 introduces prohibitions on the direct or indirect import and export of specific items to and from the Democratic People's Republic of Korea (DPRK) in compliance with United Nations Security Council (UNSC) resolutions. The restrictions include military equipment, luxury goods, aviation fuel, and various minerals and textiles. These measures aim to prevent contributions to DPRK's nuclear and ballistic missile programs. The notification aligns with UNSC Resolutions 1718, 1874, 2087, 2094, 2270, 2231, 2356, 2371, and 2375 concerning DPRK. Stakeholders are advised to address any issues to the relevant customs authorities.
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