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[New Dynastie Tang, Beijing, 12 juillet 2018] The US Commerce Department on Wednesday issued a statement stating that it has signed a new agreement with China's ZTE Corporation after the ZTE paid 400 million yuan. The ban will be lifted. This means that ZTE, which has been on the verge of success, has once again had the opportunity to resume operations.
The US Department of Commerce released the above statement in the form of an email on July 11. According to this statement, after ZTE's intention to pay the US $ 400 million deposits, the ban on banning commercial relations between US suppliers and ZTE will be lifted.
In this statement, the US Department of Commerce also said that the US government had "put in place the most severe sanction" against ZTE, which is enough to prevent the company from doing bad things to the company. ;to come up. The ability of the United States to avoid damage.
Bloomberg quoted an informed source saying that the ZTE filing should be paid within one day.
Earlier, Hong Kong's "South China Morning Post" reported that five sources aware of the situation confirmed that ZTE executives and officials from the Commerce Department had recently come together to finalize the details of the situation. An agreement. ZTE's new CEO, Xu Ziyang, reportedly headed a new ZTE executive director on July 9, talking to officials from the US Department of Commerce's Bureau of Industry and Security in Washington. Other conditions proposed by US Secretary of Commerce Wilbur Ross in the final compliance agreement.
In mid-April this year, the US Department of Commerce announced the activation of a lock-up order against ZTE, banning US companies from selling all products to ZTE. The deadline is seven years and the ban takes effect immediately.
Since the sanctions imposed by the United States, ZTE has done its best to find a way to lift the ban in question. The Chinese government even mentioned ZTE in the first two trade negotiations with the US government .
After a period of consultation and multi-mediation, ZTE and the US Department of Commerce reached a new agreement on advocacy.
On June 7, US Secretary of Commerce Ross, in an interview with the Consumer News and Business Channel (CNBC), confirmed that the US would cancel ZTE's purchase of the ban. spare parts from US suppliers. Under the agreement, ZTE will replace its board of directors and management within 30 days, pay a $ 1 billion fine, and hand over $ 400 million to a third party for temporary custody, while retaining a selected compliance officer in the United States. Team
However, the US Congress is very dissatisfied with the way the Trump administration released ZTE so soon. On June 18, the US Senate voted to overturn the agreement between the Ministry of Commerce and ZTE, which confused the future of ZTE. According to the British Financial Times, the bills mentioned above still have to be pbaded in the House of Representatives. It is therefore likely that the relevant agreements will be revised during the reconciliation process, and it is expected that it will become law later this summer. .
On July 2 of this year, the US Department of Commerce formally announced that, from the date of publication of the announcement until August 1, the United States would lift the Export ban on ZTE under limited conditions.
The outside world believes this means that ZTE has once again ushered in a new twist.
(Full Report of Journalist Wen Xuan / Publisher: Ming Xuan)
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