N. Korea opens annual trade fair amid sanctions

North Korea inaugurated its yearly trade fair in Pyongyang on Monday, according to state media reports. This event comes amid ongoing international sanctions, suggesting an effort to generate foreign revenue, reported KCNA. Under the theme of "Common development and prosperity," the 18th Pyongyang Autumn International Trade Fair welcomed over 130 companies from North Korea, China, Mongolia, Bangladesh, and Thailand.

These exhibitors showcased more than 10,000 products ranging from electronics and machinery to medicines, building materials, and foodstuffs, as per the report. External Economic Relations Minister Yun Jong-ho, along with other officials and exhibitors, attended the opening ceremony. In his speech, Yun pledged to expand external economic relations with various countries and regions worldwide, emphasizing the principle of complete equality and reciprocity.

Each spring and fall, North Korea organizes trade fairs to attract foreign investment and bolster trade despite international sanctions.