Saturday, July 16, 2016

BRAZIL THREATENS WTO CHALLENGE TO BOMBARDIER BAILOUT

The Quebec government finalized a $1-billion (U.S.) investment in Bombardier in June, and the Montreal-based aircraft maker is still looking for commensurate help from the Liberal government in Ottawa.
 Brazil’s Foreign Relations Minister, Jose Serra, said Thursday he’s considering taking a complaint to the WTO, which functions as a referee of fair trade between member countries. Brazil is very protective of its homegrown aircraft maker, Embraer.
Mr. Trudeau didn’t appear fazed by this on Friday.  “The fact of the matter is there is no country in the world that doesn’t heavily subsidize its aerospace sector,” he told reporters.
 

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