Thailand will abide by UN Security Council sanctions against Democratic People's Republic of Korea (DPRK), but does not believe they will affect trade between the two countries, a senior official said Monday.
"Thailand is ready to support and comply with the UN resolution to sanction DPRK," foreign ministry spokesman Kitti Wasinond told AFP.
The fresh sanctions, passed Saturday in response to North Korea's declared nuclear test, include inspection of cargo to and from DPRKand an embargo on luxury goods.
"I believe it will hardly affect Thailand because most of our products are consumer products such as rubber and computer parts," Kitti said.
"We are waiting for the definition of luxury products," he added.
Thailand's commerce ministry website lists jewelry as being traded between Thailand and DPRK, but Kitti said he did not believe it was a significant amount.
However, he accepted that the kingdom may be affected by any new rules governing the inspection of cargo.
Kitti said the ministry would consider the details before seeking the cabinet's approval to comply with the UN Security Council resolution imposing sanctions for DPRK's nuclear test declaration.
Diplomatic ties between Bangkok and Pyongyang were established in 1975, and between 100 to 200 DPRK's business people live in Thailand.
Thailand imported DPRK's goods worth 4.9 billion baht (133 million dollars) in 2004, and exported goods worth 8.3 billion baht (222 million dollars) to the reclusive Stalinist state.
The kingdom on Sunday welcomed the sanctions, and urged Pyongyang to show "constructive action" in solving the nuclear crisis.
Billionaire philanthropist George Soros on Monday pointed the finger at US President George W. Bush for the North Korea crisis, saying his hard line had led to the state's nuclear test.
Soros, a Hungarian-born US financier said he supported former South Korean president Kim Dae-Jung's "sunshine" policy of trying to engage Pyongyang.
He called on Washington to ease North Korean fears that it would be attacked.
"If you have security guarantees, the regime would have to soften," Soros said.