Changes to North Korea’s Foreign Trade Law point to tightening of state control
Latest revisions amid pandemic lockdown also suggest efforts to diversify trade and protect domestic production
The newest issue of North Korea’s Foreign Trade magazine revealed that the country revised its Foreign Trade Law at the end of March 2020, shortly after implementing a wide-ranging lockdown due to COVID-19.
The Foreign Trade Law lays down the general framework of government control over trade with the outside world, ranging from required paperwork and price setting to conditions for a ban and restriction on trade.
The magazine only published an English translation of the first half of the new law in June of this year, but several changes point to a further tightening
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