ZTE says export ban will 'severely impact' its survival

ZTE’s phones may get blocked from using Android

On Tuesday, China's Ministry of Commerce (MOC) had threatened retaliatory measures hours after the United States announced activation of denial of export privileges against the Chinese telecom equipment maker - ZTE - for alleged violations of the Export Administration Regulations.

"It is unacceptable that BIS insists on unfairly imposing the most severe penalty on ZTE even before the completion of investigation of facts", ZTE was quoted as saying in its first response since the ban was announced. In 2017, ZTE invested over 50million US dollars in its export control compliance program and is planning to invest more resources in 2018, the statement said.

While Huawei is forced to leave the U.S. market, ZTE might face a much bigger trouble after violating export regulations because it might not be able to install widely used Google Apps such as Gmail, Google Drive, YouTube, and Maps on its smartphones as a result of the current ban.

"We can see compliance risk has become a core risk for Chinese firms that join global competition", the trade body said in the proposal dated April 18.

Companies must submit appeals to a committee that would issue a ruling within 30 days, according to the agency's website.

The ZTE case represents a "milestone" and government leaders should urge the company to boost compliance oversight to ease "disastrous" consequences, the China Council for the Promotion of International Trade (CCPIT) said in a policy proposal.

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The US alleges that the Chinese company had broken a settlement agreement with repeated false statements, and the ban was to be punished for violating the terms of a settlement agreement. He has threatened tariffs on many types...

It's also worth considering that ZTE won't have much trouble finding other suppliers, and that China has encouraged its own semiconductor industry to smarten up.

The Shenzhen-based company said it is determined to take all judicial measures to safeguard its legal rights and interests, while it will not give up efforts to resolve the issue through communication.

The trade body said the action against ZTE came "at a sensitive moment" in Sino-U.S. trade relations and so it can not be ruled out that the United States is seeking to exert pressure on China through sanctions against ZTE.

ZTE phones were available for sale on Thursday through websites of major US carriers and retailers including AT&T Inc, Sprint Corp, Verizon Communications Inc, Best Buy Co Inc and Walmart Inc. As of Monday's close, they were worth some $19 billion.

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