The value is equivalent to 12% of the average amount paid by households. The costs paid by consumers are now listed on the portal of the national electricity authority.
In the view of the Brazilian government, the subsidies of over $3 billion “distorted the conditions for competition in the commercial aviation market and caused significant losses to Brazilian company Embraer,” which also manufactures medium-reach aircraft. “
This Thursday, (Nov. 8), at the inauguration ceremony of the Salão do Automóvel in São Paulo, President Michel Temer signed the decree dubbed Rota 2030 on new rules for Brazil’s car industry.
Brazil has filed a notice of appeal against the panel of World Trade Organization (WTO) that determined the withdrawal of subsidies for national industry sectors. Among them, the subsidies for automotive industry concerning Inovar-Auto program.
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