US extends ZTE sanctions reprieve to February 2017 - Mobile World Live

US extends ZTE sanctions reprieve to February 2017

18 NOV 2016

ZTE won a further three month reprieve on US export restrictions imposed by the country’s commerce department in March, over allegations of trade breaches.

The US hit China’s ZTE with trade restrictions earlier in the year after the company allegedly breached exports rules to Iran, but was granted temporary relief from the controls up until November.

In a statement, ZTE said it had been granted an extension of its Temporary General Licence from the US commerce department for another 90 days, up to 27 February 2017, as it reiterated its commitment to work with the US government.

“We are working toward resolving the investigation, which include both removal from the Entity List as well as conclusion of the investigation,” it said.

The reprieve until February comes after ZTE said last week it had appointed Matthew Bell as its new chief export compliance officer, based in the US.

If the ban is eventually imposed, US firms will not be able to do business with ZTE, cutting off a huge chunk of the Chinese firms’ supply chain.

Author

Kavit Majithia

Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >>

Read more

Related

Tags