Within the framework of an understanding with Beijing, Washington reversed key limitations on software and microprocessor technology exports. In return, the Chinese regime will expedite permits to export rare earths.
He United States Government He decided to immediately lift the restrictions imposed on the export of software and technology linked to the design of microprocessors to Chinawithin the framework of the agreement recently reached between both powers. As part of the understanding, the Beijing regime promised to accelerate the approval of permits for the export of rare earths, Key materials for the global technology industry.
Several companies in the technological sector confirmed to have received official notifications from the Office of Industry and Security of the US Department of Commerce, informing that commercial control measures with respect to China had been eliminated with immediate effect.
One of them was Siemens Digital Industries Software. Its president and CEO, Tony Hemmelgarn, indicated that his company was notified that restrictions on software and electronic design automation technology (EDA), in force since May 23, no longer have an effect. In this way, the German firm restored full access to its products in the Chinese market and resumed commercial support with its customers in that country.
For her part, the American Synopsys also confirmed to have received an official communication which enables the resumption of operations with China in relation to technological products that until now were subject to controls.
The bilateral agreement, confirmed last week by Washington and Beijing, contemplates a mutual flexibility: While China undertakes to facilitate the exit of strategic products – such as rare earths -, the United States will relieve some of the restrictions imposed in recent years to technological trade with the Asian giant.
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The agreement between the US and China
Despite the comings and turns, last Friday China confirmed the agreement with the US. One of Washington’s main priorities in the conversations with Beijing was guarantee rare earth supply, key metals to make electric batteries, wind turbines and defense systems. What happened is that China, which controls most of the world’s rare earth extraction, began to demand export licenses in early April.
China also promised to soften some non -tariff countermeasures, but officials Americans subsequently accused Beijing of violating the pact and slowing down the approval of rare earth export licenses. Both parties finally agreed A frame to advance in your Geneva consensus After conversations held last month in London.
At that time, after confirmation, China advanced through the Ministry of Commerce that: “The US part will consequently cancel a series of restrictive measures against China.” In this context, the main US indices point to increases this Thursday.
Source: Ambito
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