Guo said the ban would limit competition, slowing the rollout of fifth-generation communications and raising consumer prices.
"[We are willing to] work with the USA president and his administration to find a solution where Huawei products are available to the American people and the national security of the United States is fully protected", Song said.
A USA public law is already prohibiting the use of Huawei products in federal agencies "for national security purposes". The United States accounts for 20 to 25 per cent of the global market for computer and telecom technology. "It is an abuse of the USA lawmaking process".
Collinson said Australian courts have generally been reluctant to weigh in on executive decisions related to national security there, nor would there be much scope for Huawei to base a lawsuit on breaches of a 1988 bilateral investment treaty between the two.
If a judge decides Huawei has a plausible claim the case will proceed to the discovery phase, in which internal documents are shared and US government officials could be forced to provide testimony and lay out their security concerns.
"In many discussions with my western counterparts, I raised the concern that we, and in particular the Five Eyes, had got to the point where there were now essentially four leading vendors of 5G systems - two Chinese, Huawei and ZTE, and two European, Ericsson and Nokia. At the end of this process, my advice was to exclude high-risk vendors from the entirety of evolving 5G networks". The company has announced contracts with customers including the United Arab Emirates for network technology.
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The executive, who is the daughter of the company's founder, was arrested December 1 by Canadian authorities and is fighting a USA extradition request.
Canadian citizens Michael Kovrig, a former diplomat and now an analyst with Brussels-based global conflict monitoring think-tank Crisis Group, and Michael Spavor, a businessman and consultant, were detained after Meng's arrest. The company has been accused of stealing trade secrets from USA companies and has also been blocked from conducting some of its businesses in Australia. That followed the Canadian government's announcement Friday that the extradition proceeding would be allowed to continue.
If the judge rules in favor of extradition, Canada's attorney general will have the final say over whether to hand Meng to U.S. authorities who accuse her and Huawei of circumventing sanctions against Iran.
During Wednesday's hearing, Wanzhou's defence lawyer says the case raises "serious concerns" about political motivations. The company's 2018 revenue forecast is $100 billion and its founder, Ren Zhengfei, said last month this year's target is $125 billion.
Update 1 (9:22PM EST): Huawei is suing the United States governemnt for singling out Huawei and damaging its reputation without providing proof that the company is a threat as the USA congress claims and without allowing Huawei due process to reach a resolution.
"[The ban] prevents us from serving our USA customers, damages our reputation and deprives us of an opportunity to serve customers outside the United States", Guo said.