Subscribe free to our newsletters via your
. Space Industry and Business News .




SUPERPOWERS
N. Korea's China trade nearly triples in four years
by Staff Writers
Seoul (AFP) Dec 27, 2012


North Korea's trade with China has nearly tripled since 2007, data published by South Korea showed Thursday, underlining the isolated state's deepening dependence on its only major ally.

Bilateral trade jumped from $1.97 billion in 2007 to $5.6 billion last year, Statistics Korea said, with North Korean exports accounting for $2.44 billion against imports from China of $3.16 billion.

Statistics Korea releases the annual data based on figures from trade and economic organisations at home and abroad. The North does not report economic data.

Trade with China as of last year accounted for 70.1 percent of the North's entire trade of $8.0 billion, up from 41.7 percent in 2007.

During the same period, trade with South Korea -- the North's second-biggest partner -- fell from $1.79 billion to $1.71 billion.

Cross-border relations have been on ice since outgoing President Lee Myung-Bak, known for his hawkish stance towards the communist North, took office in 2008.

Lee suspended humanitarian aid to the North in 2010 and tied any resumption to progress on resolving the issue of Pyongyang's nuclear programme.

Inter-Korea commerce, which accounted for 38 percent of the North's total trade in 2007, was down to 21 percent last year.

Apparently fearful of the consequences of North Korea collapsing, China has pumped in fuel and aid to its neighbour for years.

The nuclear-armed North is subject to international sanctions imposed after its nuclear tests in 2006 and 2009, and those may be tightened or expanded following it's successful long-range rocket launch earlier this month.

Pyongyang said the launch was a purely scientific mission, but most of the world condemned it as a disguised ballistic missile test that violated existing UN resolutions.

.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SUPERPOWERS
Lithuania seeks trial in absentia for Soviet commandos
Vilnius (AFP) Dec 27, 2012
Lithuanian prosecutors said Thursday they would seek to try in absentia two Russian former commandos accused of war crimes in the Baltic state in 1991, as Moscow has refused to hand them over. The prosecution service said it had wrapped up a probe into Boleslav Makutynovich and Vladimir Razvodov, ex-members of the Soviet Union's OMON - a force blamed for killing at least 21 people. "Our ... read more


SUPERPOWERS
US readers turn increasingly to digital books: study

LG seeks ban on Samsung tablet sales in Korea

2012: Consumer tech takes center stage

Molecular levers may make materials better

SUPERPOWERS
China opens its version of GPS to public

Raytheon's US Navy satellite terminals reach Full Rate Production milestone

General Dynamics' 30,000th Combat Search and Rescue Radio Goes to Work for USAF

Europe launches major British military satellite

SUPERPOWERS
Ariane 5 ECA orbits Skynet 5D and Mexsat Bicentenario satellites

Payload integration complete for final 2012 Ariane 5 mission

Arctic town eyes future as Europe's gateway to space

ISRO planning 10 space missions in 2013

SUPERPOWERS
China's Beidou system starts service in Asian-Pacific

Cellphone, GPS data suggest new strategy for alleviating traffic tie-ups

KAIST announced a major breakthrough in indoor positioning research

Third Boeing GPS IIF Begins Operation After Early Handover to USAF

SUPERPOWERS
Taiwan's China Airlines to buy six Boeing planes

Bird strike prevention radar system takes off

Boeing's Final Design for Wedgetail AEW and C Airborne Mission Segment Accepted by Australia

$4.07B Oman Eurofighter deal bolsters BAE

SUPERPOWERS
Marvell hit with billion-dollar verdict in patent case

Physicists take photonic topological insulators to the next level

China shows electronic circuit advance

Taiwan's UMC to buy majority stake in Chinese firm

SUPERPOWERS
Satellites eye Great Lakes invasive plant

Turkey Steps up Collaboration with Astrium Services For SPOT 6 And SPOT 7 Data

Eighth Landsat Satellite Arrives At Launch Site

Eighth Landsat Satellite Arrives at Launch Site

SUPERPOWERS
Small, Portable Sensors Allow Users to Monitor Exposure to Pollution on Their Smart Phones

Ozone levels have sizeable impact on worker productivity

US tightens restrictions on soot

Onion soaks up heavy metal




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement