China-North Korea merchandise trade and tourism industry relationship in stage 2017-2019 under the impact of International sanctions

By Nguyen Hoa Kim Thai
DOI: 10.37550/tdmu.EJS/2021.04.261

Since 2017, the United Nations has strengthened the economic sanctions on North Korea. Many countries have stopped trading with North Korea, causing the economic certain difficulties. China has become a trade and tourism partner that accounting for almost all of the country's foreign currency earning. That had gone on until the beginning of 2020 when North Korea locked its borders to avoid the Covid-19 epidemic. North Korea is essentially famous for having published a quite relatively little information about themselves and being nicknamed “The Hermit Kingdom” due theirs policies. Therefore, the article will analyze mirror data from countries, then compare it with the actual situation of North Korea to assess the reliability of the data. Moreover, providing information on transport routes that is major contributor to China-North Korea. Thereby, drawing comments on China-North Korea merchandise trade and tourism industry relationship in that stage and proving North Korean economic adaptation under International sanctions. The author also suggests polices to reach the North Korean development of self-reliance economics.