Singapore has suspended trade ties with North Korea (AFP)
A circular by Singapore Customs on its website banned "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" with effect from November 8.
DPRK is North Korea's formal name.
The
United States is leading a drive at the UN Security Council to impose
two recent sets of sanctions on North Korea to punish Pyongyang over its
nuclear and missile tests.
Singapore Customs sent the notice to traders and agents on Tuesday.
It
warned violators they can be fined up to Sg$100,000 ($74,000) or three
times the value of the goods traded, or suffer a jail term of up to two
years, or suffer both penalties, for the first offence.
Repeat violators will be subject to stiffer penalties.
The
North carried out its sixth nuclear test -- and most powerful to date
-- on September 3, sparking international outrage and a fresh round of
sanctions.
International powers hope that
economic sanctions will deprive the North of the resources it needs to
pursue its nuclear programme and pressure it into negotiating.
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