Daily Management Review

US companies allowed to work with Huawei for 90 more days


11/19/2019


The U.S. Department of Commerce has extended 90-day authorization for US companies to partner with Chinese telecommunications company Huawei Technologies. This was reported by the press service of the department.



Kārlis Dambrāns
Kārlis Dambrāns
This will allow operators to continue to serve customers in some of the most remote areas of the United States, said Wilbur Ross, whose words are quoted in a press release. He promised that his department would continue to carefully monitor the export of advanced technologies so that US innovations would not fall at the disposal of those who pose a threat to the country's national security.

The extension of the permit will not significantly affect Huawei's business, and the US attitude towards the company remains unfair, CNBC quoted the company’s representative as saying. He added that the company believes that adding Huawei to the blacklist harmed the United States and its American partners more than the company.

Huawei chairman Liang Hua told CNBC that the company can supply its products to customers without relying on US components.

The Ministry of Commerce put Huawei on the black list, accusing the company of activities that pose a threat to national security and US foreign policy. In particular, the company was suspected of trying to prevent the investigation of its possible violations in the United States and financial assistance to Iran. Since then, American business has been prohibited from cooperating with Huawei without special permissions. The situation around the company has become one of the topics of trade negotiations between Beijing and Washington.

source: cnbc.com






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