Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

N.Korea-China trade by rail to resume on Monday as border closures end - traders

WorldJan 16, 2022 04:05AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A North Korea flag flutters next to concertina wire at the North Korean embassy in Kuala Lumpur, Malaysia March 9, 2017. REUTERS/Edgar Su/File Photo

By Yew Lun Tian and Josh Smith

BEIJING/SEOUL (Reuters) -Chinese brokers said they expect the resumption of regular trade with North Korea as soon as Monday, after a North Korean train pulled into a Chinese border town on Sunday in the first such crossing since anti-coronavirus border lockdowns began in 2020.

"My business partner in North Korea told me on Friday that the land border will reopen to cargo freight on Jan. 17," a Chinese commodities trader in the border town of Dandong told Reuters.

"By Saturday the whole import-export community here has heard about this and people have began snapping up carriages to move their cargo over," he said.

North Korea has not officially reported any COVID-19 cases since the pandemic began in early 2020, and has imposed strict anti-virus measures, including border closures and domestic travel curbs.

Another Chinese trader said she can arrange for cargo to be loaded onto a train in Dandong which is scheduled to cross over to North Korea on Monday.

On Sunday she posted three photos of freight carriages taken inside a railway station on social media, and said that the first batch of cargo for the resumption of rail link between Dandong and North Korea was being loaded.

Both traders refused to be named, citing the sensitivity of the matter.

China has not officially announced the reopening of border. Previous reports of imminent border reopening citing traders and logistics had not materialised.

The Chinese foreign ministry did not immediately respond to a request on Sunday for confirmation of the border's reopening.

Citing multiple unnamed sources, South Korea's Yonhap news agency earlier on Sunday reported the arrival of what it said was a North Korean freight train in Dandong, saying it marked the formal reopening of North Korea's land border with China.

It was unclear whether the train was carrying any cargo into China, but was likely to return to North Korea on Monday with a load of "emergency materials", the sources told Yonhap, without elaborating.

Japan's Kyodo news agency also reported the train's arrival, citing an informed source.

While Chinese data show some limited trade https://www.reuters.com/markets/asia/chinas-nov-exports-north-korea-fall-previous-month-customs-data-2021-12-20 has continued, most shipments appear to be using North Korean seaports, not trains across its land borders.

Officials in Seoul said late last year they were watching closely for a resumption in cross-border rail traffic as a signal that restrictions might be loosening.

After nearly two years of border closures, some humanitarian aid https://www.reuters.com/world/asia-pacific/trickle-humanitarian-aid-enters-north-korea-border-closure-drags-2022-01-13 is trickling into North Korea, though shipments of key supplies including food remain blocked, according to United Nations organisations.

Several shipments of nutrition and medical aid have entered the country after up to three months of quarantine at Nampo sea port, but there had been no confirmation of major shipments being transported by train.

N.Korea-China trade by rail to resume on Monday as border closures end - traders
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Crim Jamer
Crim Jamer Jan 16, 2022 3:22AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Maybe Kim's Maybach needed some parts for maintenance.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email