A Canadian tribunal says the evidence doesn’t support claims that alleged dumping and subsidization of U.S. renewable diesel is hurting the domestic industry.
The Canadian International Trade Tribunal published its decision on Monday and said in a news release that it had terminated its inquiry into the matter.
The investigation was launched in early March after British Columbia-based Tidewater Renewables Ltd. filed a complaint with the Canadian Border Services Agency.
Tidewater alleged that due to an increase in the volume of dumped and subsidized U.S. imports, it lost market share and sales, and saw depressed prices and profitability.
The complaint was not related to ongoing trade disputes with the U.S., the company said.
The tribunal is an independent, quasi-judicial body that reports to Parliament through the Minister of Finance.
