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Hello.
Do you select "With new resources (standard)" when creating CloudFormation?
You must select this option to create a new resource.
I believe the error itself is similar to the one answered in the following Github issue.
https://github.com/aws-samples/amazon-ec2-global-dashboard/issues/3
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Thank you, it worked. It is not obvious since the second choice in drop-down refers to Import. Hence I assumed the second choice is the correct one.