Euronews has featured an important update in its Trading Blows newsletter: the European Court of Justice has upheld the European Commission’s decision to impose anti-subsidy measures on glass fibre reinforcements (GFR) originating from Egypt.
This landmark ruling is significant in clarifying the interpretation of foreign subsidies and cross-country subsidization. Reporter Peggy Corlin highlights how the collaboration between Egypt and China was deemed extensive enough to attribute financial support to both nations, setting a precedent for addressing similar trade challenges.
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