SÃO PAULO, Feb. 18, 2021
/PRNewswire/ -- Embraer welcomes the Brazilian
Government's decisions to withdraw its ongoing World Trade
Organization (WTO) dispute with Canada regarding aeronautical subsidies and to
launch negotiations on more effective disciplines to regulate
government support in the Commercial Aviation segment.
At the WTO, Brazil challenged
more than USD 3 billion in illegal
subsidies that the Governments of Canada and Quebec provided to Bombardier for the launch,
development and production of the C-Series program. These subsidies
distorted the conditions of competition in the global market for
commercial aircraft, causing serious prejudice to Embraer, in clear
violation of WTO rules.
Although Brazil has a strong
case, the WTO dispute became ineffective to address the Canadian
subsidies and to remedy the distortions generated in the market.
After Bombardier exited the Commercial Aviation segment and
transferred the C-Series program (now called A220) to Airbus, which
has a second assembly line in the United
States, the trade dispute against Canada at the WTO is no longer the most
effective means to achieve Brazil's and Embraer's goal of reestablishing
a level playing field in this sector.
Embraer also supports Brazil's
initiative to launch negotiations for more effective disciplines on
government support in the commercial aviation segment, as the best
way to achieve this goal, as previously seen with the successful
experience of the OECD's Aircraft Sector Understanding (ASU),
signed in 2007 to regulate export credits. Ultimately, Embraer
believes that commercial aircraft manufacturers should compete
against each other based on the merits of their product, not on the
amount of funding they receive from their governments.
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SOURCE Embraer S.A.