In a move to normalize trade relations between it Huawei and USA, the US Department of Commerce will begin to issues special licenses to companies wishing to maintain their business ties with the Chinese tech giant.
Η This news was confirmed by the head of the trade department of the department, Wilbur Ross, at the annual conference on export control and security.
Late last month at G20 summit, the American president Donald Trump confirmed that the US companies will continue to sell parts to Huawei, as they do not pose a threat to national security. It later became clear that US companies will be able to sell widely available parts that are sold in other markets, while the most sensitive equipment will remain excluded from the US market.
The Secretary of Commerce Ross stated that the new licenses will continue to apply the restrictions on the availability of previously issued components. In addition, he reiterated that the Department of Commerce will issue licenses only after assessing, on a case-by-case basis, the risk to national security.
While Huawei will remain the list of excluded companies in the US market, this is a positive step towards normalizing trade relations and preventing major losses on both sides.
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