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International trade blog

Import duties in North Korea

An illustration featuring elements of global trade such as a plane, shipping containers, a globe, coins, a truck, and a laptop with currency symbols.

Import taxes in North Korea are enforced as part of the nation’s centralized trade policies, which are designed to reduce and manage reliance on imported commodities. Since state firms directly oversee a large portion of the nation’s commerce, these levies are only applicable to a limited range of items. Luxury and non-essential products are subject […]