Friday, June 27, 2008
North Korea will remain under wide-ranging sanctions even with the United States lifting restrictions under the Trading With the Enemy Act and removing the country from its terrorism list. "Any change in this situation will be a long-term process that depends on North Korea changing its behavior and bringing its domestic anti-money-laundering and counterterrorist financing regime into compliance with international standards," said Treasury Department spokesman John Rankin.
- For human rights violations, North Korea is prohibited from receiving development assistance and official cultural exchanges.
- For proliferation activities, Pyongyang is banned from obtaining U.S. credit, receiving "dual-use" equipment and technology that could be used to develop weapons, exporting to the United States, and obtaining landing rights.
- As a communist state, North Korea is banned from non-humanitarian foreign aid.
- Due to its nuclear detonation, the North is subject to bans on import and export of items ranging from weapons parts to luxury goods.
- Other sanctions prohibit direct loans, credits and insurance and withhold the U.S. proportionate share for international programs for North Korea.