NMMA CANADA RECEIVES THOUSANDS IN FUNDING FOR DEVELOPMENT OVERSEAS FOR THE THIRD YEAR

NMMA Funding

 

The National Marine Manufacturers Association (NMMA) Canada will receive up to $33,825 in funding from Foreign Affairs, Trade Development Canada to support Canadian recreational marine manufacturers who are interested in developing their business in overseas markets.

The move marks a third year of support from the Canadian government for furthering the economic development of the recreational boating industry.

The funding stems from Foreign Affairs, Trade & Development Canada Global Opportunities for Associations (GOA), which aims to provide opportunities to Canadian manufacturers to pursue business opportunities beyond Canada. GOA (formerly the Program for Export Market Development) delivers assistance across a wide range of sectors of the Canadian economy, including: education, financial services, aerospace, infrastructure, and information and communications technologies. It provides matching funding of up to 50 per cent of eligible expenses to support national associations for the benefit of an entire industry.

 

“NMMA Canada is thrilled to receive support from the GOA program for the third year in a row”, comments Sara Anghel, Executive Director/Vice-President of Government Relations, NMMA Canada.

“The contribution provides Canadian marine companies the opportunity to continue taking trade missions abroad to establish distributor opportunities and sell Canadian products in several emerging and established markets that show growth in recreational marine.”

Based on The Economic Impact of Recreational Boating in Canada: 2012, the recreational boating industry is a significant driver for Canada’s national economy, generating $8.9 billion in revenue and employing nearly 70,000 people. With the support of GOA, NMMA’s export development program in Canada has been able to expand and expose Canadian companies to markets in countries around the world including: Turkey, China, Australia and the United Arab Emirates.

A long-time supporter of Foreign Affairs, Trade & Development Canada for the boating industry, NMMA stated its support for the Canada-EU CETA negotiations in 2013, emphasizing the importance of the agreement to the boating trade. Prime Minister Stephen Harper had called the Canada-EU Comprehensive Economic Trade Agreement the most ambitious trade agreement in Canadian history at the time.

“Giving recreational marine companies the opportunity to work overseas and then providing funding to support this initiative is a huge step,” adds Anghel. “It indicates the government’s commitment to the long-term success of the boating industry in Canada”.

Global Opportunities for Associations (GOA) are non-repayable contributions for a one-year period ofactivities and related expenditures taking place between April 1 and March 31 of the following year. More information  can be found on the Government of Canada website at www.tradecommissioner.gc.ca.

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The provincial marine associations from across the country, collectively representing over 80,000 jobs and $9.2B in national annual economic impact, announced the formation of a new national association whose mandate will be to represent the interests of recreational boating including recreational boat retailing and brokering, boat and engine & trailer sales, accessories, slip rentals, service, storage, fuel sales and more. Headquartered in Penetanguishene, Ontario, the newly formed Canadian Marine Retailers Association (CMRA) will focus on national issues facing the sector.

“The formation of a national voice to address the many aspects of our sector that affect the jobs and lives of Canadians from coast to coast is something many of our provincial associations have been calling for, for years,” says Brett Ramsey, President of Boating Ontario. “This is a positive step to ensuring issues facing our sector are represented to decisionmakers in the federal government.” READ MORE




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