relative file path for layout
Skip to main content  Skip to search  Skip to main menu
Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city
MY COLOUR

Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref. : EIC 111/2

5 December 2017

Dear Sirs,

Commercial Information Circular No. 1104/2017

US : Sanctions with Respect to the Democratic People's Republic of Korea

The White House of the United States issued on 21 September 2017 a Presidential Executive Order ("Order") on imposing additional sanctions with respect to the Democratic People's Republic of Korea (i.e. North Korea).

DETAILS

2.The Order imposes strong financial sanctions on, among others, persons ("person" means an individual or entity) involved in:

  • at least one significant importation from or exportation to North Korea of any goods, services, or technology;
  • operation in the construction, energy, financial services, fishing, information technology, manufacturing, medical, mining, textiles, or transportation industries in North Korea;
  • ownership, control, or operation of any port in North Korea, including any seaport, airport, or land port of entry;
  • materially assisting, sponsoring, or providing financial, material, or technological support for, or goods or services to or in support of, any person whose property and interests in property are blocked pursuant to the subject Order.

3.The details of the Order are available at https://www.whitehouse.gov/the-press-office/2017/09/21/presidential-executive-order-imposing-additional-sanctions-respect-north and https://www.whitehouse.gov/the-press-office/2017/09/21/fact-sheet-president-donald-j-trump-increases-pressure-cut-funding-north.

4.For further information on the United States' sanctions against North Korea, please refer to https://www.treasury.gov/resource-center/sanctions/Programs/Pages/nkorea.aspx. You are advised to consider the effect of the United States' sanctions on your organisations' activities, and seek legal advice where necessary.

ENQUIRIES

5.For enquiries concerning this circular, please contact the undersigned at telephone number 3403 6099.

Yours faithfully,

(Jasper LAM)
for Director-General of Trade and Industry

Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.