The National Marine Manufacturers Association (NMMA) said it plans to partner with the US Foreign and Commercial Service (USF&CS), a division of the US Dept of Commerce, in a program that would help provide marine manufacturers with access to international trade resources. The New Market Export Initiative (NMEI), announced at NMMA’s American Boating Congress yesterday, was developed to assist US manufacturers in exporting their products.
“It is increasingly important to make marine manufacturing a global initiative,” said Thom Dammrich, NMMA president, in a statement. “The NMEI program will give our members the tools they need to be successful outside US borders.”
The trade association said that since 2007 there has been a positive balance in trade of recreational boats and marine engines in favor of US manufacturers. In 2010, the balance totaled US$573m.
The NMEI program is designed to help NMMA members develop business contacts in non-US markets. It also will help secure export financing, guarantees, and credit insurance. Assistance is also available for compliance with regulatory and documentation requirements.
A web portal, http://export.gov/nmma/, will direct NMMA members to USF&CS staff, who will then serve as direct liaisons between the companies and NMEI services.