First investigation under the EU’s Foreign Subsidies Regulation involves the United Arab Emirates.
The European Commission has launched, for the first time, an in-depth investigation under its Foreign Subsidies Regulation (FSR) to one of UAE’s state-owned companies Emirates Telecommunications Group Company PJSC (e&). This carries implications to state-owned enterprises or sovereign wealth and pension funds that are involved in mergers or acquisitions in the EU.
WTO ruling agrees that EU’s RED II unfairly discriminates against Malaysia’s palm oil but the 7% limit on palm-based biofuel is allowed.
Following the trade dispute brought by Malaysia against the European Union at the World Trade Organisation, the dispute settlement panel has since issued its first ruling, agreeing with some, but not all, of the charges brought by Malaysia against the EU, as well as France and Lithuania.
Renewal of GSP for Philippines and EBA for Cambodia, Laos, and Myanmar
The European Commission voted in September 2021 to renew the Generalised Scheme of Preference (GSP) for the period of 2024 – 2027 with 6 new proposals to be added.