AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)
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.