Home / Knowledge / News / Textiles / US wants UN sanctions on N Korean oil, textile exports
US wants UN sanctions on N Korean oil, textile exports
08
Sep '17
US ambassador to the United Nations Nikki Haley has said she wants the 15-member UN Security Council (UNSC) to vote on September 11 on a draft resolution to impose new sanctions on North Korea that includes an oil embargo and a ban on the country’s textile exports and the hiring of North Korean labourers abroad. The country recently tested a nuclear bomb.

The United States wants the UNSC to impose the embargo and subject North Korean President Kim Jong Un to an asset freeze and travel ban, a news agency reported. However, Russia insists the North Korean nuclear crisis is impossible to solve with sanctions and pressure alone.

Meanwhile, US treasury secretary Steven Mnuchin has said that if the UNSC did not act, he has an executive order prepared to send to President Donald Trump that would ‘authorize’ him to stop conducting trade and put sanctions on any entity that maintains trade ties with North Korea.

It is estimated that between 60,000 and 100,000 North Koreans work abroad. Textiles were North Korea’s second-biggest export after coal and other minerals in 2016, worth around $752 million, according to the Korea Trade-Investment Promotion Agency (KOTRA). Nearly 80 per cent of the textile exports went to China.

The draft resolution reportedly will allow states to intercept and inspect on the high seas vessels blacklisted by the UNSC. Around two dozen vessels are listed at present. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

'Knitting machines can be used for various applications'

Textiles | On 21st Aug 2018

'Knitting machines can be used for various applications'

Flat knitting machines have the potential of being used for a number...

Revise trade laws, tariffs: US envoy to India

Textiles | On 21st Aug 2018

Revise trade laws, tariffs: US envoy to India

Urging India to rethink trade barriers, tariffs and regulations, US...

Indian team finds way to cut water use in textile industry

Textiles | On 21st Aug 2018

Indian team finds way to cut water use in textile industry

Researchers at the department of chemistry in Calicut University in...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search