According to Singapore Customs, commercially traded goods from or to North Korea were banned from November 8. Offenders may be fined or jailed for up to two years.
The move comes as UN sanctions were imposed after North Korea’s sixth nuclear test.
Singapore was North Korea’s eighth biggest trading partner in 2016, but that only made up 0.2% of the North’s trade.
The vast majority of North Korea’s trade is conducted with China, Pyongyang’s biggest economic supporter.
The latest round of UN sanctions targeted several companies and individuals, including two businesses in Singapore.
In January 2016, a Singapore company was fined $125,700 for facilitating a shipment of arms from Cuba to North Korea. A court found the Chinpo Shipping Company was in breach of the UN sanctions on North Korea.
Tension in the Korean peninsula reached unprecedented levels earlier this year after North Korea’s repeated missile tests, including two long range missiles that flew over Japan, and its sixth and biggest nuclear test.
The US and the UN are hoping that sanctions will starve North Korea of the means to pursue its aggressive program of nuclear weapons development.
Singapore still retains diplomatic ties and North Korea maintains an embassy in its financial district.
Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…
Millions of voters across the US chose to return Donald Trump to the White House…
Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…
Stocks around the world are rising as Donald Trump appears to be on the cusp…
Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…
Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…