The easing of United States trade sanctions against North Korea went into effect June 19, but, according to the wording of the new sanctions, permission will still be needed to import items, including stamps, from North Korea.
The Office of Foreign Assets Control, the arm of the U.S. Department of the Treasury responsible for implementing and enforcing economic and trade sanctions, produced a fact sheet with a broad summary of the new regulations.
The section titled “Buying from North Korea,” reads: “Pursuant to Sections 73 and 74 of the Arms Export Control Act, goods of North Korean origin may not be imported into the United States either directly or through third countries, without prior notification to and approval of the Office of Foreign Assets Control.
“Importers must provide OFAC with written information as to whether the products to be imported were produced by (a) a foreign person designated by the Secretary of State as having engaged in missile technology proliferation activities; (b) an activity of the North Korean Government relating to the developement or production of any missile equipment or technology; or(c) an activity of the North Korean Government affecting the development or production of electronics, space systems or equipment, and military aircraft.
“In addition to the information just described, importers seeking an approval letter from OFAC must provide their name, address, telephone, fax, and e-mail addresses; a description of the product to be imported, including quantity and cost; the name and address of the producer of the product; the name of the location where the product was produced; and the name and address of the North Korean exporter.
“Requests for import review must be submitted by mail to North Korea Unit, Office of Foreign Assets Control, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Annex, Washington, DC 20220. After reviewing the information, OFAC will issue a letter indicating the results of the review to the person seeking to import the product.”
President Bill Clinton announced the easing of sanctions against North Korea Sept. 17, 1999, but they did not officially go into effect until June 19.
The original sanctions against North Korea date back to the Trading with the Enemy Act of 1950.