Wednesday , October 23 2019

US says Huawei still ‘blacklisted’


The US said it would grant licenses allowing companies to export goods to Huawei Technologies Co but won’t remove the Chinese technology giant from an export blacklist, as talks between the world’s two biggest economies resumed.
The Department of Commerce will “issue licenses where there is no threat to US national security,” though Huawei will continue to face export controls, Commerce Secretary Wilbur Ross said.
The move clarifies President Donald Trump’s remarks that he would allow US companies to resume supplying some of their products to Huawei, after meeting his Chinese counterpart Xi Jinping in Osaka, Japan.
Top negotiators from both countries talked by phone for the first time since the two leaders agreed to a tentative truce.
“Within those confines we will try to make sure that we don’t just transfer revenue from the US to foreign firms,” said Ross. “Huawei itself remains on the Entity List, and the announcement does not change the scope of items requiring licenses from the Commerce Department, nor the presumption of denial.”
Like Trump and other high-level US officials, Ross did not specify a time frame or elaborate on what constitutes a national security threat. The Entity List is often reserved for rogue regimes and their associated companies as a way to prevent US-origin items from flowing to them.
Even before Trump’s Osaka announcement, a number of American suppliers including Micron Technology and Intel had already resumed selling certain products to Huawei after concluding there are legal ways to bypass the ban.

About Admin

Check Also

NBF 9-month profit rises 10.7% to AED511.6mn

Fujairah / WAM The National Bank of Fujairah (NBF), announced a net profit of AED511.6 ...

Leave a Reply

Your email address will not be published. Required fields are marked *