OTTAWA - The Canadian International Trade Tribunal has found that the dumping and subsidizing of galvanized steel wire from China, Israel and Spain has not harmed the domestic industry and therefore should not be subject to countervailing duties.
The ruling follows a probe launched in January by the Canada Border Services Agency.
The investigation was initiated after a complaint was filed by British Columbia-based Tree Island Steel Ltd. (TSX:TSL).
Tree Island Steel claimed the alleged dumping was causing loss of market share, price erosion and jobs losses in Canada among other things.
The trade tribunal is an independent, quasi-judicial body that hears cases on dumped and subsidized imports along with appeals on customs and excise tax rulings.
It can also be aked by the federal government to provide advice on other economic, trade and tariff matters.
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