The U.S. Hinge on of Commerce still has not worked out the details necessary for lifting the ban on China’s ZTE, a spokesman conveyed on Thursday, even though an official last week said the finishing steps would be taken in a “couple of days.”
“The department continues to make use of with ZTE,” the Commerce spokesman said. He declined to comment on the cause of the detain.
ZTE, China’s No. 2 telecommunications equipment maker, did not respond to requests for animadversion.
ZTE, which makes smart phones and networking gear, ceased bigger operations after the Commerce Department banned it from buying U.S.-origin goods in April for rest period an agreement reached after the company violated U.S. sanctions against Iran and North Korea.
ZTE termination year paid $892 million in civil and criminal penalties and pleaded sorrowful in federal court in Texas in connection with the activity.
In a new June 7 setting, ZTE agreed to pay an additional $1 billion penalty and put $400 million in an escrow account to regain access to American-made components.
The escrow account is made to allow the United States to access the money in the event ZTE violates the latest confirmation, which also requires the company to install a new board and management, middle numerous other conditions.
Last Friday, a Commerce Department true told Reuters that ZTE was expected to deposit the $400 million in an escrow account in the “next three of days.” The official said that was the last step before the ban could be dissipated.
Terms of the escrow agreement were in the process of being finalized, informants told Reuters last Friday.
On Thursday, the Commerce Department spokesman asseverated the department was still working with ZTE toward completion of the $400 million in escrow and the reassurance of the ban.
Members of the U.S. Congress have raised questions about the settlement, citing ZTE’s even withs to the Chinese government and calling it a national security threat.
The ZTE ban also has in up in trade negotiations between the United States and China.