| ||||||||||||
| ||||||||||||
| ||||||||||||
| ||||||||||||
Implementation of Easing of Sanctions Against North Korea
Fact sheet released by the Office of the Spokesman
U.S. Department of State, June 19, 2000
On September 17, 1999, in accordance with improvements in the U.S.-D.P.R.K. relationship, the President announced that the United States would ease substantially sanctions in categories that fall under the Trading with the Enemy Act, the Export Administration Regulations, and the Defense Production Act.
In view of North Korea's assurances that it will continue its moratorium on the testing of long-range ballistic missiles, the United States is implementing the sanctions easing on June 19, 2000.
The sanctions easing will allow a wide range of exports and imports of U.S. and D.P.R.K. commercial and consumer goods. Imports from North Korea will be allowed, subject to an approval process. Direct personal and commercial financial transactions will be allowed between U.S. and D.P.R.K. persons. Restrictions on investment will also be eased. Commercial U.S. ships and aircraft carrying U.S. goods will be allowed to call at D.P.R.K. ports.
Regulations effecting the sanctions easing have been issued by the Departments of Treasury, Commerce and Transportation and are published in the June 19, 2000 Federal Register.
This easing of sanctions does not affect our counter-terrorism or nonproliferation controls on North Korea, which prohibit exports of military and sensitive dual-use items and most types of U.S. assistance. Statutory restrictions, such as U.S. missile sanctions, will remain in place. Restrictions on North Korea based on multilateral arrangements also will remain in place.
[end of document]
|| East Asian and Pacific Affairs |
U.S. Department of State | Disclaimers ||
