China Precision Machinery Import-Export Corporation
|Products||Air defense systems|
China Precision Machinery Import-Export Corporation (CPMIEC, Chinese: 中国精密机械进出口总公司) is a Chinese defense company that acts as one of a number of authorized defense trading companies. It represents the domestic defense manufacturing industry in the export of arms and technology in missile and air defense systems.
Turkish air defense system
In a notable announcement in September 2013, Turkey, a member of the NATO alliance, declared its intention to acquire the HQ-9 missile defense system from the company, in a deal valued at 3.44 billion US dollar. CPMIEC was selected against three other competitors. The Aster 30 missile with SAMP/T launcher from the Italo-French consortium Eurosam came second with a price tag of US$4.4 billion, the Patriot missile defense system offered by Lockheed Martin and Raytheon came third at a cost of US$5 billion and the S-300 system from the Russian Rosoboronexport fourth in the competition.
Following high level pressure by other NATO members, Turkey relented and announced giving up on the deal in November 2015. Earlier in February 20, 2015, the Turkish defense minister Ismet Yilmaz had confirmed the purchase.
In China's first major arms sale in Latin America, Venezuela in 2005 purchased JYL-1 radars from the company in a deal worth US$150 million. After this successful deal, the Venezuelan military explored buying other radars from CPMIEC and would go on to purchase aircraft from CATIC, another Chinese defense firm.
Syrian missile development
US Treasury Sanctions
China National Precision Machinery Import/Export Corporation was included by the US Treasury Department's Office of Foreign Asset Control (OFAC) in its Sanction SDN List, which denotes a list of "Specially Designated Nationals and Blocked Persons" with "Strong" Category and are subject to Secondary Sanction. The list included entitites associated or linked to the company such as CPMIEC, CHINA NATIONAL PRECISION MACHINERY I/E CORP., ZHONGGUO JINGMI JIXIE JINCHUKOU ZONGGONGSI, and CHINA PRECISION MACHINERY IMPORT/EXPORT CORPORATION. The listing includes not only their location in China but worldwide.
- The Chinese Army Today: Tradition and Transformation for the 21st Century. Routledge. 2012. p. 54.
- "NATO Chief: Turkey Hasn't Completed Chinese Missile-Defense Deal". Wall Street Journal. September 30, 2013. Retrieved September 16, 2013. (subscription required)
- "Turkish retired general urges purchase of Chinese missiles". China Daily. February 22, 2015.
- "Turkey in Talks with Eurosam for Air Defense Deal". Defense News. September 8, 2014. Retrieved November 26, 2014.
- Decline of the U.S. Hegemony?: A Challenge of ALBA and a New Latin American Integration of the Twenty-First Century. Lanham, Maryland: Lexington Books. 2015. p. 356.
- Gertz, Bill (23 July 1996). "CIA Suspects Chinese Firm of Syria Missile Aid". The Washington Times. Retrieved 22 August 2015 – via HighBeam Research. (subscription required (. ))
- "Sanctions List Search". sanctionssearch.ofac.treas.gov. Retrieved 2016-09-22.
|This Chinese corporation or company article is a stub. You can help Wikipedia by expanding it.|