The government of Brazil on Wednesday launched a formal complaint against Canada over aerospace sector subsidies, just a day after the Canadian government said it would make interest-free loans of $372.5 million to Bombardier. Brazil charged that in 2016 Bombardier received at least $2.5 billion US in government support. Canadian International Trade Minister Francois-Philippe Champagne pointed out on Tuesday that all countries, including Brazil, back their domestic aerospace industries, adding that Canada was ready to defend its financial assistance to Bombardier. Alain Bellemare, the CEO of Bombardier, said Tuesday that the financial backing from the governments of Canada and Quebec is WTO compliant. Canada and Brazil have had a long-running dispute over government backing of Bombardier and Embraer, with both sides filing complaints against the other.

Source: CBC News February 08, 2017 16:24 UTC