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General

ZTE to face US export restrictions

Monday 7 March 2016 | 08:56 CET | News
ZTE announced a halt in trading in its shares pending an announcement on the US Commerce Department's proposal to implement export restrictions on the company. According to documents seen by Reuters, the US restrictions are due to alleged violations of export controls on Iran by ZTE. The restrictions will make it difficult for the company to acquire US. products by requiring ZTE's suppliers to apply for an export license before shipping any American-made equipment or parts to ZTE. According to a Commerce Department notice that will be published next week in the US Federal Register, the

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Categories: General
Companies: ZTE Belgium
Countries: United States / World
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Comments

So it is ok that U.S companies sell powerful surveillance systems to dictature countries, but not China. What is this handling telling...
John Smith @ 7/3/2016 - 17:49


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