China limits oil trade to North Korea and bans textile trade

China limits oil trade to North Korea and bans textile trade

China limits oil trade to North Korea and bans textile trade

It also intends to expand the list of luxury products - much loved by top officials in Pyongyang - banned from export to the North.

Joseph Cheng of the Chinese University of Hong Kong told Al Jazeera that "China wants to demonstrate its support of the world community's position dissuade North Korea from continuing to hold nuclear tests and long-range missile tests".

The Ministry of Commerce said in a statement on its website that China would limit exports of refined petroleum products from October 1, ban exports of condensates and liquefied natural gas and imports of textiles immediately.

According to United Nations customs data, China sent 6,000 barrels a day of oil products to North Korea in 2016.

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Washington had initially sought a full oil embargo, but softened its stance to secure backing from Russian Federation and China, the North's sole ally and main trading partner, responsible for around 90% of its commerce.

"The new sanctions set a cap on crude and refined oil exports to North Korea at 8.5 million barrels per year, which represents a 30 percent reduction, according to USA officials. The Security Council resolution also bans all North Korea textile exports, worth an average of $760 million over the past three years".

China halted iron, iron ore and seafood imports after the previous round of sanctions against North Korea in August.

The ban on textiles - Pyongyang's second-biggest export - is expected to cost the country more than $700m (£530m) a year.

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The EU's latest move comes as US President Donald Trump paved the way for sanctions against foreign companies doing business with North Korea.

But Beijing fears pressuring Kim's regime into collapse, triggering a flood of refugees across its border and eliminating a strategic buffer separating China from the U.S. military in South Korea. Kim responded in a statement, calling Trump a "mentally deranged USA dotard" and said "a frightened dog barks louder".

North Korea's leader Kim Jong Un. In response, the United Nations passed a range of new sanctions against North Korea, including petroleum and textiles restrictions.

Media captionWas your T-shirt made in North Korea?

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North Korean soldiers chat as they stand guard behind national flags of China, front, and North Korea on a boat anchored along the banks of Yalu River, near the North Korean town of Sinuiju, opposite the Chinese border city of Dandong, on June 10, 2013. So we're doing more of the same.

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