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The Ministry of Commerce and the General Administration of Customs announced that the restrictions on the suspension of imports of North Korean origin coal will be implemented from February 19, 2017, and will be valid until December 31, 2017.

According to the Ministry of Commerce and the General Administration of Customs on February 18, the Ministry of Commerce’s General Administration of Customs Announced No. 12 of 2017, to implement UN Security Council Resolution 2321, in accordance with the Foreign Trade Law of the People’s Republic of China and the Ministry of Commerce and Customs. The General Administration of the People's Republic of China announced in the 81st of 2016 that China will suspend the import of North Korean origin coal this year, including coal that has been declared by the customs but has not yet been released. The Ministry of Commerce and the General Administration of Customs announced that the restrictions on the suspension of imports of North Korean origin coal will be implemented from February 19, 2017, and will be valid until December 31, 2017.

This restriction was made in accordance with UN Security Council Resolution 2321 adopted on November 30, 2016. UN Security Council Resolution 2321 stipulates that since January 1, 2017, the total amount of coal exported by North Korea to all UN member states per year cannot exceed $ 407.10 million or the total amount does not exceed 7.5 million metric tons (lower Subject to it).

The UN Security Council Committee established pursuant to Resolution 1718 will publish on a monthly basis the amount of coal exported by North Korea to all UN member states on its website; it will notify Member States when 95% of the total or total amount is reached. Immediately stop the import of coal from North Korea that year.

According to the Ministry of Commerce and the General Administration of Customs on December 23, 2016, the Ministry of Commerce’s General Administration of Customs Announcement No. 81 of 2016, the amount of coal exported to all UN member states in North Korea reached the total amount or total amount. At 95% of the time, the competent authorities of the Chinese government will issue an announcement in accordance with the notice of the United Nations. Since the date of the announcement, all imports of coal from North Korea (including goods that have been shipped and have arrived at the Chinese port) are prohibited.

According to UN Security Council Resolution 2321, all Member States prohibit articles imported from North Korea from including copper, nickel, silver, zinc and statues. They also prohibit member states from exporting helicopters and vessels to North Korea unless the 1718 Committee is on a case-by-case basis. Prior approval.

Source: Caixin Net