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The Canadian government announces that it is seeking permission from the World Trade Organization (WTO) to impose trade sanctions on Brazil in retaliation for a Brazilian subsidy program that has been deemed illegal by the WTO.The subsidy program is designed to support Brazilian exporters of aircraft, who are competing with Canadian aircraft manufacturers in the global market. The WTO has ruled that the subsidy program violates international trade rules, as it provides unfair advantages to Brazilian exporters and puts Canadian manufacturers at a disadvantage.
Tuesday, 9 May, 2000