Date
21 May 2018
ZTE says it is in ‘active communications with relevant parties and seeking a solution to the US export denial order.’ Photo: Bloomberg
ZTE says it is in ‘active communications with relevant parties and seeking a solution to the US export denial order.’ Photo: Bloomberg

ZTE seeks resolution of US export ban

ZTE Corp said on Sunday that it is seeking a resolution to the ban imposed by the United States on sale of components and software to the company.

ZTE “has learnt from its past experiences on export control compliance and attaches significant importance to the work on export control compliance,” the Chinese telecom equipment and smartphone maker said in a statement to the Hong Kong stock exchange.

The company “is making active communications with relevant parties and seeking a solution to the US export denial order,” it added in the statement, Reuters reports.

US authorities last week banned American companies from sales to ZTE for seven years, saying the Chinese company had broken a settlement agreement in relation to illegal sale of goods to Iran.

ZTE said on Sunday it had set up a compliance management committee led by its chief executive officer.

It also said that it had invested in export control compliance, provided compliance training to staff and cooperated with the work of independent compliance monitors.

The US Commerce Department has granted a request from ZTE to submit more evidence after the agency imposed the ban, a senior US Commerce official said on Saturday.

Earlier, on Friday, ZTE said the US ban was unfair and that the move threatens the firm’s survival. The Shenzhen-based company vowed to safeguard its interests through all legal means.

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RC

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