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  HOME | Business & Economy (Click here for more)

North Korea Pushes for Increased Production to Bypass Sanctions

SEOUL – North Korean newspaper Rodong Sinmun pushed on Monday for improved production in various sectors, including agriculture, livestock and fishery, in response to sanctions imposed by the United Nations.

The mouthpiece of the Workers’ Party of Korea said in an editorial that unlike the United States, which banks on its military assets, North Korea depends on its natural resources.

“The U.S. imperialists say ICBMs, strategic bombers and nuclear submarines are their top three strategic assets. But ours are Gold Mountains, Gold Fields and Gold Seas,” the editorial said.

It also criticized the latest international sanctions against the country saying they were designed to deprive North Korean people of their joy, laughter, dream and future.

After the latest nuclear test by the country on Sept. 3, 2017, the UN Security Council unanimously approved sanctions to cripple North Korea economically, including limits on its imports of petroleum products and banning the export of its textiles.

China, the main trading partner of the isolated Asian country, has apparently tightened the sanctions further, with restrictions on the sale of hydrocarbons and the gradual closing of North Korean businesses on Chinese territory.

US Secretary of State Rex Tillerson had said last week in Beijing that China has shared information with the US that indicates that the latest sanctions have further weakened the North Korean economy.

 

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