Troy Stangarone Quoted in SCMP
October 9, 2013
KEI's Troy Stangarone was interviewed for the South China Morning Post article titled "How did Hong Kong become North Korea’s No 2 trading partner?”
When the agreement was announced, Hong Kong was North Korea’s No 13 trading partner. A year later, in 2012, it had jumped to No 2.
“There have been previous reports that Beijing has encouraged firms in Hong Kong to develop its joint industrial venture with North Korea on Hwanggumpyong Island,” noted Troy Stangarone, the senior director of the Washington-based Korea Economic Institute.
“Significant work on the complex only began last year, so some of the increase we are seeing [in Hong Kong-North Korea trade] could be tied to this development,” added Stangarone.