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NMMA VP and Correct Craft president to testify before ITC

itc

Nicole Vasilaros, National Marine Manufacturers Association government relations and legal affairs senior vice president, and Correct Craft president and CEO Bill Yeargin will offer testimony today before the U.S. International Trade Commission regarding anti-dumping and countervailing duty investigations into common alloy aluminum sheet from China.

An investigation initiated by the U.S. Department of Commerce almost a year ago found that Chinese companies and the government were artificially reducing the product’s cost.

As a result, aluminum sheet from China is facing a combined duty of nearly 130 percent, according to the NMMA.

During the hearing, Vasilaros will explain the importance of aluminum to the boating industry and how the government’s actions are putting the industry at risk.

NMMA estimates that 44 percent of new boats sold in 2017 — 111,0000 units — were “aluminum-based,” accounting for $3 billion in economic value. Domestic aluminum boat production and sales account for nearly 22,000 marine industry jobs.

Correct Craft is the parent company of Sea Ark Boats, which primarily builds aluminum boats. Yeargin’s testimony will focus on the company’s experience sourcing affordable aluminum sheet in the aftermath of these investigations.

In addition to testifying, NMMA and its industry partners will park a pontoon boat, trailer and a recreational vehicle outside the ITC offices to show products affected by the investigations and the trade war.

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