Trudeau says rivals fear CSeries as Brazil mulls WTO move
Canada has insisted it plays by international trade rules after Brazil warned it may challenge govt funding to Bombardier, a move that would revive a 2-decades-old dispute between the countries. Bombardier is locked in competition with Embraer for narrow-body jet sales. Brazil has said that govt financing gives Bombardier an unfair advantage. Brazil’s foreign minister said it could move against Canada at the WTO over US$1b in funding that Bombardier received from the Canadian province of Quebec for its CSeries aircraft. Canadian prime minister Justin Trudeau brushed off the suggestion, telling reporters "there is no country in the world that doesn't heavily subsidise its aerospace sector." Embraer estimates that Bombardier received a total of $3.5b in state support. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-18/general/trudeau-says-rivals-fear-cseries-as-brazil-mulls-wto-move
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Trudeau says rivals fear CSeries as Brazil mulls WTO move
Canada has insisted it plays by international trade rules after Brazil warned it may challenge govt funding to Bombardier, a move that would revive a 2-decades-old dispute between the countries. Bombardier is locked in competition with Embraer for narrow-body jet sales. Brazil has said that govt financing gives Bombardier an unfair advantage. Brazil’s foreign minister said it could move against Canada at the WTO over US$1b in funding that Bombardier received from the Canadian province of Quebec for its CSeries aircraft. Canadian prime minister Justin Trudeau brushed off the suggestion, telling reporters "there is no country in the world that doesn't heavily subsidise its aerospace sector." Embraer estimates that Bombardier received a total of $3.5b in state support. <br/>