Wednesday, December 01, 2004

CMMA joins opposition to Canadian tariffs

Boating Industry
Tuesday November 30, 2004

OAKVILLE, Ontario – The Canadian Marine Manufacturers Association will oppose tariffs proposed by the Canadian government that would apply a 100-percent tax to imported products from the U.S., including pleasure vessels such as yachts, sailboats, motorboats, inflatables and canoes, CMMA said in a press release late yesterday.

The tariffs – which the Canadian government proposed Nov. 23 – were created in response to the Byrd Amendment, a law originally passed in 2000 to help the U.S. steel industry. The amendment allows funds collected from antidumping fines and countervailing duties to be given to U.S. firms that petition for tax relief.

The Byrd Amendment was challenged by a number of countries, including Canada, at the World Trade Organization, which subsequently ruled the Byrd Amendment violates international trade laws. The ruling provides each of the WTO countries involved with the right to implement a tariff on selected U.S. manufactured products.

“This tariff would be completely devastating to the Canadian boating industry,” said Sandy Currie, CMMA executive director.


Post a Comment

<< Home