Singapore suspends all trade relations with North Korea

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Singapore has reportedly suspended its trade relations with North Korea in order to curb nuclear weapons programme, a notice confirms on Thursday.

It was reported that the decision came out after united state allegedly imposed North Korea-related sanctions on some firms in Singapore.

The city-state’s customs said in a statement, “Singapore will prohibit all commercially traded goods from, or to, the Democratic People’s Republic of Korea (DPRK)”.

The suspension would begin from November 8.

Oh Ei Sun, a senior fellow at the S Rajaratnam School of International Studies in Singapore said in a statement, “I think it is a matter

of time when most Southeast Asian countries would do the same, so it is especially appropriate that Singapore as the region’s major trading power takes the lead”.

A circular by Singapore Customs on its website reads, “All commercially traded goods… from or to the Democratic People’s Republic of Korea (DPRK), regardless of whether they are imported, exported, transhipped or brought in transit through Singapore”.

Following this, Singapore Customs has reportedly sent the notice to the traders and agents on Tuesday.

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