May 30, 2016
The Trans-Pacific Partnership (TPP) is a top trade issue for the recreational boating industry, and one that was covered in detail during this month’s American Boating Congress. Twelve countries, including the United States, signed an agreement that strengthens global trade, pinpointing the Pacific region. The recreational boating industry benefits through regulatory transparency and measures to ensure cooperation among regulatory bodies to reduce burdensome and duplicative rules.
The U.S. Coalition for TPP, a broad-based and cross-sectoral group of U.S. companies and associations including the National Association of Manufacturers (NAM) as well as NMMA, is working to gather support on Capitol Hill to ratify the agreement swiftly, bringing important growth to U.S. manufacturing and strengthening the boating industry’s position in the global marketplace.
NMMA Vice President of Federal and Legal Affairs, Nicole Vasilaros, says, “NMMA is proud to support the Trans Pacific Partnership, an historic trade agreement that will not only advance global trade but supports growth in the Asia-Pacific region specifically. The recreational boating industry is pleased with the strides taken towards regulatory coherence, bolstering a global marketplace of rules, and the elimination of technical barriers resolving issues for standards harmonization. Like many other global business sectors, marine manufacturing will benefit from the transparent customs procedures and reduced or eliminated barriers, ensuring fairness and accountability for products and leveling the playing field amongst U.S. manufacturers. The recreational boating community urges a swift ratification of the TPP as a sound trade agreement benefiting our industry’s manufacturers as well as U.S. manufacturing at large.”