Analysis Changes to North Korea’s Foreign Trade Law point to tightening of state controlLatest revisions amid pandemic lockdown also suggest efforts to diversify trade and protect domestic production ![]() The newest issue of North Korea’s Foreign Trade magazine revealed that the country revised its Foreign Trade Law at the end of March 2020, shortly after implementing a wide-ranging lockdown due to COVID-19. The Foreign Trade Law lays down the general framework of government control over trade with the outside world, ranging from required paperwork and price setting to conditions for a ban and restriction on trade. The magazine only published an English translation of the first half of the new law in June of this year, but several changes point to a further tightening © Korea Risk Group. All rights reserved. |