AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
Business & Finance

US will deal with Huawei waiver applications within weeks

WASHINGTON: The Trump administration plans to handle applications from tech companies seeking waivers over Huawei Te
Published July 23, 2019

WASHINGTON: The Trump administration plans to handle applications from tech companies seeking waivers over Huawei Technologies Co Ltd's blacklisting within the next few weeks, US Commerce Secretary Wilbur Ross told Bloomberg Television on Tuesday.

"We will deal with them very promptly," Ross said in an interview. "There are 50-some-odd applications from 35 companies that have been received, and within the next couple of weeks we expect to have verdicts."

Pressed on whether they would be completed in two weeks, Ross said: "I said within the next few weeks, few."

Ross's comments came a day after President Donald Trump told the heads of top technology companies at the White House meeting that the administration would make "timely" decisions on requests by US companies to sell products to Huawei.

American companies were banned from selling most US parts and components to Huawei without special licenses because of national security concerns. But Trump said last month that sales could resume as he sought to restart trade talks with Beijing.

Ross said the technology company officials who gathered at the White House understood the process the administration was following and voiced no complaint about it. He said granting the waivers was an interagency process, involving the departments of Commerce, State, Defense and Energy.

"This is not a simple thing, but in general the principle we will be following ... is things that are not sensitive from a national security point of view, we're going to be looking pretty favorably upon," Ross said. "Those that are sensitive are in a different category and we have to be very, very careful about them."

Asked about the possibility of additional sanctions following a Washington Post report that the Chinese company had helped North Korea build its wireless network, Ross said the administration was monitoring Huawei's activities.

"We are continuing to watch very carefully everything about Huawei, including the information revealed in that article yesterday. But beyond that, we can't really comment on a pending investigation," he said.

Copyright Reuters, 2019

Comments

Comments are closed.