Embraer Welcomes Brazil's Filing of its First Written Submission Challenging Canada's Subsidies to Bombardier
SAO PAULO, Dec. 14, 2018 /PRNewswire/ -- Embraer welcomes Brazil's filing today of its First Written Submission to the dispute settlement panel at the World Trade Organization (WTO) in Geneva. The Panel is examining more than USD 4 billion in subsidies that Bombardier received from the Governments of Canada and Quebec. In 2016 alone, these governments provided over USD 2.5 billion to the Canadian aircraft manufacturer.
The Submission provides detailed legal and factual argument regarding why the 19 subsidies to Bombardier for its C-Series aircraft (now renamed as the Airbus A-220 aircraft) are inconsistent with Canada's WTO obligations. The Brazilian Government's understanding, shared by Embraer, is that the Canadian Government's subsidies to Bombardier violate these obligations.
"We appreciate the Brazilian government's efforts in preparing this important submission to the WTO today," said Paulo Cesar de Souza e Silva, Embraer's President & CEO. "Canada's subsidies have allowed Bombardier (and now Airbus) to offer its aircraft at artificially low prices. These subsidies, which have been fundamental in the development and survival of the C-Series program, are an unsustainable practice that distorts the entire global market, harming competitors at the expense of Canadian taxpayers. Embraer considers that this proceeding will help to restore a level playing field and ensure that competition in the commercial aircraft market is between companies, not governments."
After multiple attempts to resolve the issue at the diplomatic level, the Brazilian Government initiated dispute settlement proceedings against Canada at the WTO.
In December 2016, the Council of Ministers of the Brazilian Foreign Trade Chamber (CAMEX) authorized the opening of dispute settlement proceedings against Canada. In February 2017, Brazil formally requested consultations with the Canadian Government at the WTO, and because consultations were unable to resolve the dispute, the Panel was formally established in September 2017.
More details about Brazil's First Written Submission are available in this link: http://www.itamaraty.gov.br/images/2018/Fact-Sheet-Embraer.pdf
PRESS OFFICES:
Corporate Communications
[email protected]
Cell: +55 12 98152 4845
Tel.: +55 11 3841 6085
North America
Alyssa Ten Eyck
[email protected]
Cell: +1 954 383 0460
Tel.: +1 954 359 3847
Europe, Middle East and Africa
Guy Douglas
[email protected]
Cell: +31 (0)657120121
Tell: +31 (0)202158109
China
Mirage Zhong
[email protected]
Cell: +86 185 1378 5180
Tel.: +86 10 6598 9988
Asia Pacific
Nilma Missir-Boissac
[email protected]
Cell: +65 9012 8428
Tel.: +65 6305 9955
SOURCE Embraer S.A.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article