Seeking solution to US export ban: ZTE

Seeking solution to US export ban: ZTE

Published
Hot News Text
2 min read
SAN FRANCISCO, Sept. 12, 2017 (Xinhua) -- People visit the booth of Chinese telecommunication firm ZTE Corporation during the 2017 Mobile World Congress Americas (MWCA) in San Francisco, the United States on Sept. 12, 2017. 2017 Mobile World Congress Americas is held here from Sept. 12 to Sept. 14. (Xinhua/Wu Xiaoling/IANS)
ZTE Corporation. (Photo: Twitter/@ZTEPress)
ZTE Corporation. (Photo: Twitter/@ZTEPress)
Beijing, April 23 (IANS) Chinese telecom equipment maker ZTE Corporation is taking steps to comply with a US denial order, said the company.
The company is making active communications with relevant parties and is seeking a solution to the issue, Xinhua news agency quoted ZTE on Sunday.
The statement came after the US Department of Commerce activated a denial of export privileges against ZTE for alleged violations of the US Export Administration Regulations.
ZTE attached significant importance to the work on export control compliance.
Compliance is regarded as the foundation to the company's strategy and condition and bottom-line for the company's operations.
ZTE has established the compliance management committee led directly by the chief executive officer and built a team with global coverage composed of senior export control compliance experts, the company said.
Last week, the Chinese giant said it would not accept a ban by the US on the company, terming the decision "extremely unfair".
The Shenzhen-based company said it is determined to take all means permitted by law to safeguard its legitimate rights and interests, while it will continue efforts to solve the issue through dialogue.
China's Ministry of Commerce (MOC) said on Thursday that the US action against ZTE will damage itself. "The action targets China, however, it will ultimately undermine the US itself," said MOC spokesperson Gao Feng.
--IANS
sku/and/bg

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!