Brazil government challenges Canada at WTO over funding for Bombardier
Dec 19, 2016 | 8:30 AM
RIO DE JANEIRO — Brazil says it will challenge Canada at the World Trade Organization for allegedly channelling unfair subsidies to the aerospace and transportation company Bombardier.
Brazil’s Foreign Ministry issued a statement on Monday saying the support for Bombardier is incompatible with WTO rules and affects its Brazilian competitor Embraer.
The South American country complains about a $2.5 billion investment made this year by the province of Quebec to help the Montreal-based company.
Brazil also says Canada’s federal government plans another investment in Bombardier to artificially reduce prices of its new CSeries airplanes.