Newspaper article The Canadian Press

Brazil to Ask for WTO Panel to Settle Dispute over Bombardier Subsidies

Newspaper article The Canadian Press

Brazil to Ask for WTO Panel to Settle Dispute over Bombardier Subsidies

Article excerpt

Brazil heats up battle with Bombardier

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MONTREAL - Brazil says it will ask the World Trade Organization to establish a dispute settlement panel after consultations with Canada failed to resolve its complaint about government subsidies to aircraft manufacturer Bombardier.

The South American country said it will ask the WTO to examine more than 20 subsidy programs granted to the Montreal-based company for the development of its CSeries aircraft.

Brazil estimates Bombardier (TSX:BBD.B) and suppliers have received more than US$3 billion in subsidies, which it claims have hurt its aviation industry led by Embraer.

"The Brazilian government hopes that the litigation will allow the rebalancing, as soon as possible, of the conditions of international competitiveness in the aeronautical sector, artificially affected by the Canadian subsidies," its foreign ministry said in a news release. …

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