Brazil challenges Canada for Bombardier state funding

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AP Rio De Janeiro
Last Updated : Dec 19 2016 | 10:28 PM IST
Brazil says it will challenge Canada at the World Trade Organization for allegedly channeling unfair state subsidies to the aerospace and transportation company Bombardier.
Brazil's Foreign Ministry issued a statement today saying the Canadian government's support to Bombardier is incompatible with WTO rules and affects its Brazilian competitor Embraer.
The South American country complains about a USD 2.5 billion investment made in 2016 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 C-Series airplanes.
In July, Canada's government said it was following trade rules in the case.

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First Published: Dec 19 2016 | 10:28 PM IST

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