US Gives ZTE Another Reprieve On Exports
Nov 18, 2016, 8:19 AM by Eric M. Zeman
ZTE can continue to export U.S. goods for another three months due to an extension offered by the U.S. Department of Commerce. The Commerce Department alleged in March that ZTE violated trade sanctions in place against Iran by using shell companies to hide its exporting activities. The government initially banned ZTE from exporting any U.S. goods, parts, or components, but quickly offered a reprieve while ZTE worked with the government to resolve the issue. The initial reprieve gave ZTE until the end of June, but was then extended to the end of August, and now runs through Feb. 27, 2017. The ban would have disrupted ZTE's global supply chain had it been put into full effect.
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