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Chinese equipment maker awarded temporary general licence by U.S. authorities, expects to reach permanent solution.
ZTE this week confirmed that it has been given a temporary reprieve from the sanctions that are currently preventing it from buying U.S.-made products for use in its own equipment.
The sanctions were imposed earlier this month by the U.S. Commerce Department after ZTE was accused of breaking export laws by selling its equipment to Iran. They require ZTE’s U.S. suppliers to obtain a licence in order to ship their wares to ZTE, although most are unlikely to obtain such a licence.
On Tuesday the Chinese equipment maker announced that it has been granted a temporary general licence by authorities in the U.S., thereby sidestepping the requirement for the time being.
"This interim relief will enable ZTE to continue serving its major stakeholders as it works with the U.S. authorities to reach a permanent resolution," the vendor said, in a statement.
"ZTE is fully committed to complying with the laws and regulations in the jurisdictions in which it operates, and will be continuing to make further contributions to [the] global telecoms industry," it added.
ZTE said it "fully expects" to fulfil all the commitments required by the Department of Commerce in order to resolve the situation on a permanent basis.
