| ID | 081301 |
| Title Proper | U.S. sanctions and treasury department actions against North Korea from 1955 to October 2007 |
| Language | ENG |
| Author | Lee, Karin ; Choi, Julia |
| Publication | 2008. |
| Summary / Abstract (Note) | This paper aims to present a clear discussion of the history of U.S. sanctions against the Democratic People's Republic of Korea (DPRK) in order to place current and future measures in context. A brief review of phases in the U.S. economic policy toward the DPRK is followed by a longer section tracking the major changes in U.S. sanctions against North Korea over the past six decades. The paper concludes with a summary of U.S. sanctions against North Korea from 2000 until June 2007, and a timeline listing major events in U.S.-DPRK relations and the imposition and relaxing of U.S. sanctions.
This paper was written as economic sanctions against North Korea were a prominent bilateral bargaining chip in the multilateral effort to end North Korea's nuclear weapons programs. The February 13, 2007, "Initial Actions for the Implementation of the Joint Statement" declares that the United States will "begin the process" of removing North Korea from the "State Sponsors of Terrorism" list as well as "advance the process" of changing the DPRK's status under the Trading with the Enemy Act and subsequent laws that replaced that Act. News reports following the October 3, 2007, release of the "Second-Phase Actions for the Implementation of the Joint Statement" indicate that the removal from the terrorism list could come by the end of 2007. There is likely to be public debate in the United States about whether North Korean actions have been sufficient to warrant these changes to its status, particularly if it is confirmed that North Korea was aiding Syria in the development of a nuclear weapons program |
| `In' analytical Note | North Korean Review Vol. 4, No.1; Spring 2008: p7-25 |
| Journal Source | North Korean Review Vol. 4, No.1; Spring 2008: p7-25 |
| Key Words | North Korea ; United States ; Sanctions ; Economic Sanction |