European Business Association (EBA), Pyongyang

[dtp5150]

why would anyone do business with north korea. the government keep its citizens living in a repressed bubble. it is morally and ethically wrong to do business with north korea.

[alexkvaskov]

@dtp5150 Yeah just like all the repressive regimes western nations propped up and made deals with.

West Germany, a capitalist, liberal democracy was the largest trade partner of the USSR. All of western Europe made deals with the Soviet Union on the sale and transport of oil and gas, despite all the hate and mud their own media agencies poured on the USSR.

[MrBusinessguy]

On flickr.com I've just seen this: "The Chamber of Commerce of the Democratic People's Republic of Korea and the European Business Association in Pyongyang to boost business cooperation between North Korean and European companies"

[truthtellerization]

Brainwashed and brainwashing Western media who love to talk about brainwashed North Koreans make everybody believe that it's impossible to do business in North Korea. The existence of the European Business Association has become a serious challenge to them. European business people actually doing legitimate business in North Korea know of course better than journalists who have never been there.

[4K4K1K0]

»make everybody believe that it's impossible to do business in North Korea.«

I wonder what makes you think that. Business-oriented media is reporting on investments in 'stricter' countries every now and then.

[MrBusinessguy]

A de facto European Chamber of Commerce in North Korea gives confidence to both European and non-European foreign investors and businesses interested in North Korea. No doubt more foreign companies would dare to do business with North Korea if there were no politically motivated and arbitrary wholesale embargoes and sanctions that cause harm to any legitimate business. I have a high respect for foreign businesses who are already there and no respect for the wiseacres just criticizing them.

[4K4K1K0]

»and no respect for the wiseacres just criticizing them.«

Well, the idea is that 'supporting a bad country is bad'.

[MrBusinessguy]

Well, wiseacres know of course which countries are 'good' and which are 'bad'. Nixon normalized the relations of the 'good' United States with then Mao Zedong's 'very bad' China while he and his successors continued economic war on small and 'bad' North Korea. North Korean enterprises are refused even simple bank transfers for legitimate business transactions forcing them to use 'underground' channels which becomes a self-fulfilling prophecy for the hypocrites.

[PyongyangPainters]

The foundation of the European Business Association in Pyongyang was a historical milestone and was meant not only to catch up with a very strong presence of Chinese enterprises in numerous business fields in North Korea but also to build bridges between North Korean and European enterprises and to facilitate trade and investment between them.