{"id":572228,"date":"2020-06-16T04:29:17","date_gmt":"2020-06-16T04:29:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/16\/eu-decides-to-go-after-jushi-hengshi-egypt-in-china-trade-probe\/"},"modified":"2020-06-16T04:29:17","modified_gmt":"2020-06-16T04:29:17","slug":"eu-decides-to-go-after-jushi-hengshi-egypt-in-china-trade-probe","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/16\/eu-decides-to-go-after-jushi-hengshi-egypt-in-china-trade-probe\/","title":{"rendered":"EU decides to go after Jushi, Hengshi Egypt in China trade probe"},"content":{"rendered":"

<\/a> EU decides to go after Jushi, Hengshi Egypt in China trade probe: <\/strong>The European Commission has imposed<\/a> anti-dumping duties on glass fibre fabrics as it continues to countervail alleged \u201cmarket-distorting aid\u201d by the Chinese and Egyptian governments to subsidiaries of Chinese state-owned companies that sell fibreglass fabrics to Europe out of Egypt, Bloomberg<\/a>says. The decision applies to product originating from China or Egypt. The probe is the first time the EU has penalizes a government (China) that gives aid to subsidiaries of national companies located offshore.<\/p>\n

The duties target companies affiliated with China National Building Material Group<\/strong>, including Jushi Egypt and Hengshi Egypt Fiberglass Fabrics. The decision follows other import duties the EU imposed on Egypt- and China-made fibreglass as part of a separate probe<\/a> by the commission into the same class of products and also concerning Jushi and Hengshi.<\/p>\n

EU officials said the companies receive subsidies and direct aid from China and Egypt.<\/strong> This undercuts European producers, namely Finnish company Ahlstrom-Munksj\u00f6. European glass-fiber manufacturers have claimed to have suffered \u201cmaterial injury\u201d<\/a> due to what they described as trade-distorting incentives, including an exemption from value-added tax and import tariffs. Egypt\u2019s share of the European market for glass fiber reinforcements almost tripled to 14%<\/strong> between 2016 and 2018 while China\u2019s share fell to 5% from 8%.<\/p>\n","protected":false},"excerpt":{"rendered":"

EU decides to go after Jushi, Hengshi Egypt in China trade probe: The European Commission has imposed anti-dumping duties on glass fibre fabrics as it continues to countervail alleged \u201cmarket-distorting aid\u201d by the Chinese and Egyptian governments to subsidiaries of Chinese state-owned companies that sell fibreglass fabrics to Europe out of Egypt, Bloombergsays. The decision […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[116,72,131,9323,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572228","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-china","tag-enterpriseam","tag-manufacturing","tag-protectionism","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"47f16307-ddec-42dd-8384-1612ab461ce9","is_powered_by":true,"section_story_id":"06281e82-be42-429f-9669-c84dd6a74985","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572220],"teaser":"","voice_url":""},"yoast_head":"\nEU decides to go after Jushi, Hengshi Egypt in China trade probe - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/16\/eu-decides-to-go-after-jushi-hengshi-egypt-in-china-trade-probe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU decides to go after Jushi, Hengshi Egypt in China trade probe\" \/>\n<meta property=\"og:description\" content=\"EU decides to go after Jushi, Hengshi Egypt in China trade probe: The European Commission has imposed anti-dumping duties on glass fibre fabrics as it continues to countervail alleged \u201cmarket-distorting aid\u201d by the Chinese and Egyptian governments to subsidiaries of Chinese state-owned companies that sell fibreglass fabrics to Europe out of Egypt, Bloombergsays. 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It has also imposed even heavier tariffs on between 37-99% on Chinese exporters to counter dumping practices, Bloomberg reports.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569199,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/17\/the-eu-is-going-after-chinese-subsidies-in-egypt\/","url_meta":{"origin":572228,"position":1},"title":"The EU is going after Chinese subsidies in Egypt","author":"enterpriseam admin","date":"17 February 2020","format":false,"excerpt":"The EU is going after Chinese subsidies \u2026 in Egypt: European customs authorities will begin to register imports (pdf) of Chinese glass-fiber products made in Egypt ahead of possible anti-dumping duties. 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