Wilbur Ross, U.S. Secretary of Commerce, announced that restrictions on the export of U.S. technology to Huawei begin on Friday.
Earlier, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, confirmed that Huawei and its affiliates have been added to the Bureau’s Entity List. The reason given is that "Huawei is engaged in activities that are contrary to U.S. national security or foreign policy interest."
For companies on the Entity List, a license must be issued by BIS for the sale or transfer of U.S. technology. A license may be denied if the sale or transfer would harm U.S. national security or foreign policy interests.
“This action by the Commerce Department’s Bureau of Industry and Security, with the support of the President of the United States, places Huawei, a Chinese owned company that is the largest telecommunications equipment producer in the world, on the Entity List. This will prevent American technology from being used by foreign owned entities in ways that potentially undermine U.S. national security or foreign policy interests,” said Secretary of Commerce Wilbur Ross. “President Trump has directed the Commerce Department to be vigilant in its protection of national security activities. Since the beginning of the Administration, the Department has added 190 persons or organizations to the Entity List, as well as instituted five investigations of the effect of imports on national security under Section 232 of the Trade Act of 1962.”
https://www.commerce.gov/news/press-releases/2019/05/department-commerce-announces-addition-huawei-technologies-co-ltd
On Thursday, Huawei issued a statement condemning the decision by the Bureau of Industry and Security (BIS), saying "This decision is in no one's interest. It will do significant economic harm to the American companies with which Huawei does business, affect tens of thousands of American jobs, and disrupt the current collaboration and mutual trust that exist on the global supply chain."
https://huawei.eu/media-centre/press-releases/media-statement-regarding-decision-bureau-industry-and-security-bis-us
Earlier, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, confirmed that Huawei and its affiliates have been added to the Bureau’s Entity List. The reason given is that "Huawei is engaged in activities that are contrary to U.S. national security or foreign policy interest."
For companies on the Entity List, a license must be issued by BIS for the sale or transfer of U.S. technology. A license may be denied if the sale or transfer would harm U.S. national security or foreign policy interests.
“This action by the Commerce Department’s Bureau of Industry and Security, with the support of the President of the United States, places Huawei, a Chinese owned company that is the largest telecommunications equipment producer in the world, on the Entity List. This will prevent American technology from being used by foreign owned entities in ways that potentially undermine U.S. national security or foreign policy interests,” said Secretary of Commerce Wilbur Ross. “President Trump has directed the Commerce Department to be vigilant in its protection of national security activities. Since the beginning of the Administration, the Department has added 190 persons or organizations to the Entity List, as well as instituted five investigations of the effect of imports on national security under Section 232 of the Trade Act of 1962.”https://www.commerce.gov/news/press-releases/2019/05/department-commerce-announces-addition-huawei-technologies-co-ltd
On Thursday, Huawei issued a statement condemning the decision by the Bureau of Industry and Security (BIS), saying "This decision is in no one's interest. It will do significant economic harm to the American companies with which Huawei does business, affect tens of thousands of American jobs, and disrupt the current collaboration and mutual trust that exist on the global supply chain."
https://huawei.eu/media-centre/press-releases/media-statement-regarding-decision-bureau-industry-and-security-bis-us
