China’s Dalian eyes trade with North Korea despite sanctions

“A source told Daily NK on Friday that the Standing Committee of the Dalian Municipal People’s Congress, the local legislative body overseeing China’s Liaoning province port city, held a meeting on June 15 and formalized its policy to expand economic cooperation with North Korea.”

“At the meeting, officials discussed plans to use Dalian’s geographic advantages to strengthen its role as a shipping hub for Northeast Asia, streamline customs clearance for land and sea international logistics routes, and build a two-way distribution network for raw materials and agricultural products with North Korea.”

“Observers say the development is notable because a Chinese local government, rather than individual companies, has now formally announced a plan for economic cooperation with North Korea. Any effort to carry out the plan is expected to run into friction with UN Security Council sanctions on North Korea.”

“Whether Dalian’s plan for a two-way raw materials and agricultural distribution network with North Korea becomes reality is expected to serve as an important gauge of where China-North Korea economic cooperation heads next.”

https://www.dailynk.com/english/dalian-china-north-korea-trade-sanctions/

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