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Global marine industry asks EU and U.S. to solve trade dispute

The European Boating Industry, the International Council of Marine Industry Association and the National Marine Manufacturers Association sent a joint letter to EU and U.S. officials asking both to quickly resolve their trade disagreement.

The European Union has imposed a 25 percent tariffs on products including boats after the United States levied a 25 percent tariff on steel and a 10 percent tariff on aluminum from the EU.

“This tax has completely shut out U.S. manufacturers from the European market and must be addressed to ensure free and fair trade,” wrote the groups, according to the NMMA, in a letter to U.S. Trade Representative Robert Lighthizer and European Union Commissioner for Trade Cecilia Malmström. “We strongly urge the U.S. and E.U. to recognize the harmful effects of the current trade dispute and focus on achieving a reasonable resolution to end these tariffs."

They also discussed technical barriers to trade.

“Regulatory coherence is a second trade principle supported by our organizations,” they wrote in the letter. “Recreational craft are subject to a myriad of regulations in both the U.S. and EU. While similar in their goals, fragmented rules place significant burdens on product design and regulatory coherence will improve the business climate in all markets.”

The three groups urged negotiators to address those regulatory barriers and ensure principles of transparency, notice and comment rule-making, and the impact on global trade are considered.

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