N. Korea's increase in trade with India catches Professor Haggard off guard, says Forbes
Forbes: "Look Who's Helping North Korea"
07/23/2010
Megha Bahree,
Forbes
Whenever the U.S. tries to box-in North Korea, China almost invariably refuses to play along. Beijing blocks or soft- pedals Washington-backed sanctions after Kim Jong-il's military dictatorship torpedoes a South Korean warship or tests another nuclear device. But it turns out that North Korea has another unexpected ally and surprisingly significant trading partner--India.
Last year India exported roughly $1 billion to North Korea, up from an average of barely $100 million in the middle of the past decade, reports the Confederation of Indian Industry, a trade organization--most of that in refined petroleum products. The trade group says that North Korea's exports to India were a minuscule $57 million, including silver and auto parts. (South Korean trade figures suggest India's exports are much lower.)
Read the full article here.
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This is a follow-up story to "Axis of Oil" by Forbes, where Haggard was also quoted.
Stephan Haggard is the Lawrence and Sallye Krause Professor of Korea-Pacific Studies and Director of the Korea-Pacific Program (KPP). Professor Haggard can provide commentary on current developments in the Asia-Pacific, including particularly Korea, and on the politics of economic reform and globalization.
