ZTE says asked U.S. Commerce Department to suspend business ban

Reuters  |  BEIJING 

(Reuters) - China's Corp has submitted an application to the U.S. Commerce Department's (BIS) for the suspension of a business ban, it said in a filing to the stock exchange on Sunday.

imposed a seven-year ban on U.S. companies selling components and software to last month after finding the Chinese telecoms company breached U.S. sanctions on

ZTE's exchange filing on Sunday did not give details of its request or say when it had been made, but it did say that the company had provided additional material at the BIS's request.

Last week, Chinese negotiators holding trade talks with U.S. counterparts in asked the to hear ZTE's appeal, take into account the company's efforts to improve its compliance and amend the ban.

U.S. officials have said the action against was not related to trade policy, but the move has been seen by many in as part of the broader trade spat playing out between the world's two biggest economies.

The ban on sales to ZTE, which is heavily reliant on imports of U.S. chips, had threatened to scupper the Chinese firm's business.

It has also underscored China's heavy reliance on imports amid growing trade tensions with the ZTE has said the ban was unacceptable and threatened its survival.

(Reporting by in and John Ruwitch in SHANGHAI; Editing by and Adrian Croft)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, May 06 2018. 19:31 IST