Arab Today, arab today china hits out at us restrictions on telecom giant zte
Last Updated : GMT 05:16:10
Arab Today, arab today
Arab Today, arab today

China hits out at US restrictions on telecom giant ZTE

Arab Today, arab today

Arab Today, arab today China hits out at US restrictions on telecom giant ZTE

The US Commerce Department said ZTE Corp.
Beijing - AFP

 China on Tuesday criticised a move by Washington to slap restrictions on one of the country's biggest telecommunications equipment companies, ZTE, for violating US trade sanctions on Iran.

The US Commerce Department said ZTE Corp. and related companies set up a scheme to circumvent sanctions and "illicitly export" controlled items to Iran, violating United States laws.

ZTE, China's second-biggest telecom equipment maker, must now apply for permission on exports from the US to the company, it said. Such limits could hamper ZTE's ability to purchase technology hardware and software in the US.

"China expresses strong dissatisfaction and firm opposition to this," China's ministry of commerce said in a statement, quoting an unnamed official.

"The US move will severely affect the Chinese company's normal business activities," it said, but added the government hoped to negotiate over the issue.
Founded in 1985, ZTE offers both telecom equipment and services, with customers in more than 160 countries, according to the company.

On the sidelines of China's annual meeting of lawmakers, foreign minister Wang Yi told reporters: "This is not the correct way to handle economic and trade disputes. It will hurt people without benefitting oneself."

The case dates back to 2012 when the US Department of Commerce first began investigating the transfers of US technology to Iran, according to media reports.

The US government agency said on Monday that ZTE used a series of shell companies to illicitly reexport controlled items to sanctioned countries.  

In a separate statement Tuesday, ZTE said it hopes to resolve the matter.

"ZTE Corporation is committed to abiding by international industry conventions and the laws and regulations of the countries it is present in," it said.

The statement added ZTE "is committed to seeking a plan to resolve the matter as soon as possible."

Washington in January eased several restrictions on doing business with Iran, following an international agreement over the country's nuclear programme.

But sanctions tied to accusations that Tehran supports terrorism remain in effect, still largely blocking US companies from business with Iran.

Shares of ZTE were suspended for a second day on the Hong Kong and Shenzhen stock exchanges, where they trade.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china hits out at us restrictions on telecom giant zte Arab Today, arab today china hits out at us restrictions on telecom giant zte

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday