European Union (EU) is not questioning the legality of overall investment conditions in Egypt's Suez Canal Economic Zone as part of its probe into alleged unfair subsidies received by Chinese producers of glass fibre fabric in Egypt. EU Ambassador to Egypt, Ivan Surkos commented in a tweet on EU decision to impose 10.9 percent anti-dumping duties on glass fibre fabrics saying it continues to countervail alleged "market-distorting aid". He said that following World Trade Organisation rules the investigations found that exports from two China-owned factories in Egypt have caused injury to the European industry. The duties target companies affiliated to China National Building Material Group, including Jushi Egypt and Hengshi Egypt Fiberglass Fabrics.
EU imposed 10.9% antisubsidy tariff on glass fiber from Egypt. Based on WTO rules our investigation found that exports from 2 China owned factories in #Egypt cause injury to our industry. We don't question the legality of overall investment conditions in Suez Canal Economic Zone. — Ivan Surkos (@IvanSurkosEU) June 16, 2020
