Tag Archives: NAFTA

New NAFTA starts July 1

New USMCA takes effect

With the US-Mexico-Canada Agreement (USMCA) entering into force on Wednesday, July 1, 2020, NMMA is reminding members to review changes that pertain to the recreational boating industry. Members are also encouraged to read NMMA’s fact sheet on USMCA for a refresh of the main components of the agreement. Under USMCA, there are no changes to the rules of origin for ...

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Trump, Congressional Democrats strike deal on new NAFTA

On Tuesday, President Donald Trump and Democrats in the U.S. House of Representatives reached an agreement to revamp the North American Free Trade Agreement (NAFTA) with Canada and Mexico – now known as the U.S.-Mexico-Canada Agreement (USMCA) – setting up a full vote in the House as early as next week. In response, NMMA said it welcomed the news, calling ...

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USMCA: Let’s get it done

The past few weeks have been good for the boating industry related to Canada and Mexico. President Trump lifted the 232 tariffs on aluminum and steel and Canada lifted the retaliatory tariffs that were hurting our industry on both sides of the border. Now we are focused on the final step of putting the North American trade war behind us; ...

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NMMA ramps up advocacy efforts after Congressional summer recess

Last week, NMMA and their members held several events and meetings on Capitol Hill and with the administration to highlight the recreational boating industry’s priorities – including trade, the Modern Fish Act, E15, and workforce development. The November midterm elections are just around the corner and NMMA is working diligently to accomplish the industry’s objectives before the end of the ...

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NMMA looks to Canada after Mexico NAFTA agreement announcement

On Monday, President Trump announced that the U.S. and Mexico reached an agreement to revise the North American Free Trade Agreement (NAFTA). Free trade between the U.S., Mexico, and Canada is a top priority for the recreational boating industry, and NMMA is encouraged by this development. In response to the breakthrough, NMMA’s President, Thom Dammrich, stated, “President Trump’s announcement on ...

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NMMA submits formal comments on NAFTA renegotiation priorities

This week, NMMA sent comments to U.S. Trade Representative Robert Lighthizer’s office regarding a request for negotiating objectives to modernize the North American Free Trade Agreement. The boating industry is keenly interested in the renegotiation and any consequential changes proposed. NMMA urged USTR to approach any renegotiations with an understanding of the key role Canada and Mexico play for U.S. marine ...

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