On November 06, 2019, the Swiss Government adopted selective adjustments to the Swiss sanctions against the Democratic People’s Republic of Korea, thereby implementing the exceptions to the export ban agreed by the UN SC Sanctions Committee. The amendment will come into force on 1 December 2019.
The Indian Director General of Foreign Trade, Mr Alok Vardhan Chaturvedi, has called upon industry to introduce internal compliance programs (ICP) for export controls.
India’s entry into new multilateral export control regimes has presented a number of new opportunities for business, however, Mr Chaturvedi highlighted the responsibilities that are incumbent on Indian industry, which include the adoption and implementation of appropriate ICP.
His comments came at the launch of the Federation of Indian Chambers of Commerce and Industry (FICCI) ICP module for Indian industry, proposed as an industry template. Mr Chaturvedi also suggested the evolution of an institutional structure, with an active “To Do” list that is subject to regular monitoring.
FICCI has previously confirmed in a statement that the adoption of ICP introduces checks and balances which are necessary for industry to request exemption or bulk licenses. This in turn will facilitate the expansion of India’s export market, which the recently released draft Defense Production Policy envisages reaching US$ 50 billion by 2032.
On 25 April 2018, the Swiss Federal Council announced that it once again tightened sanctions against the Democratic People’s Republic of Korea (North Korea) thereby implementing UN Security Council Resolution 2397 (2017). The new provisions entered into force at 6 pm on 25 April. The announcement said:
Following the North Korean ballistic missile tests of 28 November 2017, which violated all previous Security Council resolutions, the UN Security Council adopted Resolution 2397 (2017) on 22 December 2017, thereby once again significantly strengthening measures against North Korea. The resolution introduces additional measures on trade in goods, further maritime measures and bans on providing work authorisation for North Korean nationals.
As a new measure, North Korean nationals earning income must have their residence permits revoked. Permits which cannot withdrawn due to national or international legal norms are exempt. This measure tightens the existing ban on issuing work authorisations.
The existing trade restrictions have been extended. North Korea’s imports of refined petroleum products have been reduced to a maximum of 500,000 barrels a year. Crude oil imports are limited to 4 million barrels a year. Compliance with these limits will be monitored by the UN. The supply, sale, export, transit and shipment of industrial machinery, metals and any vehicles is now prohibited. The procurement, purchase, import, transit and shipment of wood, food of plant origin, agricultural products, machinery, electrical equipment and vessels from North Korea is also now prohibited. Compliance with the bans in goods transport will continue to be strictly monitored; all shipments to and from North Korea will be subject to physical inspections by customs authorities.
In terms of vessel-related measures, the provision of certain additional insurance and classification services will be prohibited. In addition, the Federal Council can remove ships from the Swiss register if they have been involved in prohibited activities.
The UN Security Council had already imposed sanctions against North Korea due to the state’s nuclear programme. The Federal Council adopted the Ordinance on Measures against the Democratic People’s Republic of Korea on 25 October 2006, which has since been tightened on a number of occasions. In so doing Switzerland is implementing UN Security Council Resolutions 1718 (2006), 1874 (2009), 2087 (2013), 2094 (2013), 2270 (2016), 2321 (2016), 2371 (2017) and 2375 (2017).
If you have any questions, please contact Philippe Reich.
On 28 March, 2018, the Federal Council adopted restrictive measures, namely an arms and repressive goods embargo and financial and travel sanctions, against Venezuela (Ordinance on Measures against Venezuela). It bans the sale, supply, export and transit to Venezuela of arms and goods which can be used for internal repression. A similar ban also applies to equipment, technology and software that can be used to monitor and intercept internet and telephone communications. Furthermore, assets have been frozen and entry and transit bans have been issued for listed natural persons, companies and organisations. These measures are currently directed against seven Venezuelan ministers and high-ranking officials. Assets frozen under the measures must be reported to SECO without delay. By adopting the Ordinance, Switzerland is aligning itself with the EU sanctions against Venezuela. The measures enter into force at 6pm CET on 28 March.