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BOATING INDUSTRY ANTICIPATES MORE JOBS, INCREASED SALES WITH NAFTA; SEVEN CALIFORNIA MANUFACTURERS AND DEALERS EXPECTED TO BENEFIT

 SAN DIEGO, Nov. 18 /PRNewswire/ -- American boat builders and dealers are looking forward to increased sales to Mexican buyers with passage of the North American Free Trade Agreement (NAFTA). One of the few U.S. manufacturing industries with a favorable balance of trade, boat builders called on allies in Congress to weigh in their support with President Clinton on the trade deal. Primed from its recent congressional success on repeal of the excise tax on boats, the National Marine Manufacturers Association (NMMA) mobilized a grassroots campaign across the country to back White House efforts to win affirmative votes on NAFTA.
 "Our industry stands to gain over $75 million in annual sales over the next five years with NAFTA's elimination of the 20 percent Mexican tariff on boats," said Jeff W. Napier, president of the NMMA. "That means an additional 5,000 production jobs in this country. We're pleased that Congress and the administration realize the importance of opening up new markets."
 Marine manufacturers have relied heavily during the recession to sustain jobs and businesses that would have otherwise been lost to bankruptcy had they been dependent on domestic markets alone. According to a recent survey of NMMA members who account for 95 percent of boat production, 75 percent are active exporters with some selling as much as 25 to 50 percent of their production outside the United States.
 -0- 11/18/93
 /NOTE TO EDITORS: Industry Response to NAFTA: Today, Ben Wold, vice president of the National Marine Manufacturers Association, and on Friday, Nov. 19, Jeff W. Napier, president of the NMMA, the principal trade organization of the recreational marine industry, and local manufacturers and dealers will be available for comment at the San Diego Boat & Sportfishing Show regarding NAFTA's effect on the boating industry. The San Diego Boat Show, Nov. 18-21, is held at the San Diego Convention Center, 111 W. Harbor Drive. Show hours on Thursday and Friday are noon to 9 p.m./
 /CONTACT: Henry Brehm of the National Marine Manufacturers Association, 619-525-5120 (Nov. 18-21) or 619-274-9924/


CO: National Marine Manufacturers Association ST: California IN: MAR SU: EXE LEG

IH-DC -- DC008 -- 5923 11/18/93 10:03 EST
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Publication:PR Newswire
Date:Nov 18, 1993
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