Canada has been granted permission by the World Trade Organization...

Canada has been granted permission by the World Trade Organization to levy trade sanctions of up to 344 million Canadian dollars (equivalent to US$226 million) per year against Brazil. This decision paves the way for a potential bilateral trade war between the two countries. The WTO's ruling was based on the finding that Brazil had not adequately reduced export subsidies on products from Empresa Brasileira de Aeronautica SA, commonly known as Embraer, a regional jet manufacturer. Bombardier Inc., a Canadian aircraft company, alleges that Brazil's export program has unfairly allowed Embraer to capture a share of the passenger-jet market that would have belonged to Bombardier.

Tuesday, 12 December, 2000