Civil aircraft agreement at OECD judged good for Canada
(Canadian Press, Toronto, 30 July 2007) The Canadian aerospace industry is hopeful it will get a lift from an international agreement establishing enforceable rules on government export credit subsidies for aircraft makers. Some 40% of long-term lending by OECD ECAs goes to support sales by companies such as Boeing, AirBus, and Bombardier. Brazil's Embraer competes with Bombardier for regional jet sales and the two companies, as well as Boeing and AirBus, have been at the centre of long-standing WTO disputes on export subsidies.