Q+A- What does U.S. terrorism list mean for North Korea?

(Reuters) - The United States said at the weekend it would remove North Korea from its terrorism blacklist after agreeing to nuclear verification checks with Pyongyang to salvage a floundering disarmament-for-aid deal.

Here are some facts about the list and its implications:

* What is the list

In 1979, the United State prepared a list of countries it said were providing either direct or indirect support to terrorist groups.

* What it implies?

Under the Trading With the Enemy Act, the designation on the terrorism list bars the country from receiving U.S. exports, controls sales of items with military and civilian uses, limits U.S. aid and requires Washington to vote against loans from international financial institutions.

Apart from North Korea, the list includes Iran, Cuba, Syria and Sudan.

* What does North Korea receive once removed?

North Korea will be able to better tap into international finance and see the removal of some trade sanctions.