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1) The document summarizes a case between Canada and Brazil at the WTO regarding subsidies provided by Canada to its aircraft industry.
2) The panel found that Canada's export credit and loan guarantee programs did not constitute prohibited export subsidies under the SCM Agreement because they did not involve explicit government assistance and did not confer a benefit to the domestic industry.
3) However, the panel found that specific transactions under Canada's export credit program were inconsistent with Canada's obligations under the SCM Agreement because they conferred a financial contribution in the form of more favorable loans to Air Canada for export performance.
1) The document summarizes a case between Canada and Brazil at the WTO regarding subsidies provided by Canada to its aircraft industry.
2) The panel found that Canada's export credit and loan guarantee programs did not constitute prohibited export subsidies under the SCM Agreement because they did not involve explicit government assistance and did not confer a benefit to the domestic industry.
3) However, the panel found that specific transactions under Canada's export credit program were inconsistent with Canada's obligations under the SCM Agreement because they conferred a financial contribution in the form of more favorable loans to Air Canada for export performance.
1) The document summarizes a case between Canada and Brazil at the WTO regarding subsidies provided by Canada to its aircraft industry.
2) The panel found that Canada's export credit and loan guarantee programs did not constitute prohibited export subsidies under the SCM Agreement because they did not involve explicit government assistance and did not confer a benefit to the domestic industry.
3) However, the panel found that specific transactions under Canada's export credit program were inconsistent with Canada's obligations under the SCM Agreement because they conferred a financial contribution in the form of more favorable loans to Air Canada for export performance.
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