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Tag Archives: trade

ICOMIA publishes guidance note on Brexit

To address frequent questions surrounding Brexit, the International Council of Marine Industry Associations (ICOMIA) has published Edition 1 of ICOMIA Guidance on Brexit following the recent rejection of the withdrawal agreement by the UK Parliament. The Guidance Note highlights various exit scenarios which may affect manufacturers either located: In the UK exporting product to Europe European manufacturers exporting product to the UK ...

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NMMA releases results from industry policy survey

This morning, NMMA released the results from its first boating industry policy survey, serving as a critical component of the association’s strategic plan to solicit industry engagement. More than 1,500 responded to the survey – exceeding the association’s projections – which will play an important role in shaping NMMA’s policy priorities in the coming year. According to the survey results, ...

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NMMA offers guidance on requesting exclusion from Section 301 tariffs

NMMA is notifying members of an opportunity to request relief from the first tranche of Section 301 tariffs on $34 billion in goods imported from China. Back in July, the U.S. government began imposing a 25 percent tariff on select Chinese products – including propellers, hydro jet engines, combustion engines, fuel injection pumps, manufacturing machinery, antenna receivers, display monitors, and ...

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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, Smoker Craft discuss trade with U.S. Secretary of Commerce

Doug Smoker, President of Smoker Craft, and Nicole Vasilaros, NMMA’s Senior Vice President of Government Relations and Legal Affairs, recently met with U.S. Secretary of Commerce Wilbur Ross to discuss the Administration’s trade policies and their effect on the recreational boating industry. NMMA and their members have been at the forefront of advocating for a resolution in the escalating trade ...

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NMMA, EBI, ICOMIA pen joint letter to President Trump on tariffs

On Tuesday, NMMA, the European Boating Industry (EBI), and the International Council of Marine Industry Association (ICOMIA) sent a joint letter to President Trump expressing their deep concern for the escalating trade dispute and the direct impact to the recreational boating industry in the European Union and the U.S. NMMA, EBI, and ICOMIA are urging all parties to quickly resolve ...

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The free trade question

Between working as CEO of a company in the boating industry with global distribution (70 countries) and serving, until recently, as co-chair of the Manufacturing Council’s Trade, Tax Policy and Export Growth Committee (a group of business leaders who advise the U.S. Secretary of Commerce), I have spent a fair bit of time thinking about global trade. Trade was a ...

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Free trade is not another election issue

Back in January, Correct Craft President and CEO Bill Yeargin wrote an excellent blog about the Trans-Pacific Partnership (TPP) and his belief that the industry should support free trade. Yeargin has been a vocal advocate in the press on how free trade will significantly impact the boating industry. Recently, Yeargin was interviewed by Fortune magazine for an article on free ...

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TPP – Good for the boating industry and the USA

The Trans-Pacific Partnership (TPP) has been in the press a fair bit the past several months. It is one of the Obama Administration’s top priorities for 2016. For those not familiar with TPP, it is a trade agreement between 12 countries (the United States, Canada, Japan, Australia, Mexico, Malaysia, Peru, New Zealand, Singapore, Brunei, Chile and Vietnam) that make up ...

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