US Commerce clears backlog by approving Huawei licensing deals
The US Commerce Department has approved the first export licence applications involving Huawei, since the Chinese telecom was blacklisted in May, reports American Shipper
The US Commerce Department has approved the first export licence applications involving Huawei, since the Chinese telecom was blacklisted in May, reports American Shipper.
The US Commerce Department is clearing a backlog of licence applications related to Shenzhen's Huawei Technologies by announcing the approvals.
'The licences that were approved related to consumer products that were deemed no controversial and to have no potential security threat,' reported the Washington Post.
Commerce Secretary Wilbur Ross has stated publicly in recent weeks that there are about 290 pending licence applications related to Huawei.
The department first added Huawei Technologies and 68 of its overseas affiliates and subsidies to the Entity List on May 16, citing national security concerns with the company's technology and close ties to the Chinese government. Another 46 Huawei overseas affiliates were added to the list on August 19.
The Entity List imposes significant restrictions on US goods and technology exports to Huawei and requires a US company or organisation to obtain an export licence from the Commerce Department's Bureau of Industry and Security (BIS).