NMMA submits comments on NAFTA negotiations

The NMMA said it sent comments to U.S. Trade Representative Robert Lighthizer’s office.
Author:
Updated:
Original:

The National Marine Manufacturers Association said it sent comments to U.S. Trade Representative Robert Lighthizer’s office on Monday regarding a request for negotiating objectives to modernize the North American Free Trade Agreement.

The NMMA said the boating industry is keenly interested in the renegotiation and any consequential changes proposed, and it urged the Trade Representative’s office to approach any renegotiations with an understanding of the key role Canada and Mexico play for U.S. marine manufacturers as two of the three top boating markets for U.S. marine products, sales and supply chain needs.

The NMMA said the majority of its comments prioritized the need to maintain tariffs for recreational marine products, protect supply chains, modify rules-of-origin rules calculations for marine engines, reduce technical barriers to trade and promote transparent regulations.

The NMMA said the marine industry is a uniquely American-made industry — 95 percent of the marine products used in the United States are made in this country — and manufacturers are avid exporters, making a mark in more than 100 countries worldwide, and NAFTA is vital to business performance.

The NMMA said that in 2016 Canada was the top destination for U.S. recreational exports with $517.6 million in export value; Mexico was the No. 3 overall export destination, totaling $121.6 million for marine boats and engines.

The NMMA said it will continue to work closely with the Trump administration and Lighthizer on NAFTA reforms to ensure that the industry’s interests are represented. Formal negotiations will not begin until mid-August.

Related

Chris-Craft Bolsters Sales Team

The 146-year-old builder adds a regional sales director and sales associate.

Suzuki Restructures U.S. Operations

The Japanese marine and motorcycle/ATV divisions will be reorganized as two separate businesses.

Quick Hits: November 20, 2020

NMEA posts 2021 training schedule; ICOMIA issues recreational boating industry book; and GOST grows its tech team.

OneWater Marine Will Roll Out Digital Platform

The company attributed its strong quarterly growth to its digital presence and record demand.

Torqeedo Announces New Products and Updates

“We are the right company in the right market,” the company said during a virtual press conference on Thursday.

Dealers: What’s Your 2021 Retail Outlook?

The monthly Pulse Report asks marine retailers to weigh in on November market conditions.

Viking Yachts and Valhalla Will Extend January’s VIP Event

The three-day affair will see the premiere of the flagship Valhalla V46.

OneWater Marine Reports Record Revenue in Fiscal 2020

The company — which saw a 29.8 percent revenue increase in its fiscal Q4 — also announced it will acquire Tom George Yacht Group.