Correct Craft CEO: Trans-Pacific Partnership is Good for the Marine Industry
As CEO of NMMA member company, Correct Craft, Bill Yeargin is engaged on critical issues impacting recreational boating. Given concerns across our industry on recent global trade actions by the Adminstration, Yeargin shares his enthusiasm on President Trump's decision to revisit the Trans-Pacific Partnership (TPP) in a blog with Boating Industry.
Yeargin points out that, "TPP is a trade agreement between 12 countries (USA, Canada, Japan, Australia, Mexico, Malaysia, Peru, New Zealand, Singapore, Brunei, Chile and Vietnam) that make up about 40 percent of the world’s economy. TPP would create the world’s largest free-trade area and sets the rules for global trade between these countries."
President Trump recently asked his team to reconsider the Adminstration's position on TPP. As a result, NMMA is working to ensure TPP gets a fair review.
Yeargin notes, "I am excited about the growing markets around the world that will soon be increasing their appetite for boats built in the U.S. and the TPP will help by eliminating tariffs in these countries on U.S. built boats. This will help our industry and create a lot of good marine industry jobs; TPP will be good for the marine industry and that is why it has been supported by the National Marine Manufacturers Association."
To read Yeargin's full blog, CLICK HERE.
To learn more about TPP please contact NMMA's Vice President of Federal and Legal Affairs, Nicole Vasilaros at [email protected]