Printer Friendly

PORT OF MIAMI DIRECTOR DENOUNCES SHIPBUILDING BILL AS DETRIMENT TO EMPLOYMENT, COMMERCE

 PORT OF MIAMI DIRECTOR DENOUNCES SHIPBUILDING BILL
 AS DETRIMENT TO EMPLOYMENT, COMMERCE
 MIAMI BEACH, Fla., March 11 /PRNewswire/ -- Calling the bill "a disaster," Port of Miami Director Carmen J. Lunetta today denounced the Shipbuilding Reform Act of 1991 (House Resolution 2056) as posing perils to U.S. jobs and foreign trade.
 The bill, which would prevent from calling at any U.S. port any vessel built, rebuilt or repaired at a foreign shipyard receiving subsidies, unless such subsidies are repaid in U.S. taxes, represents "the worst kind of government protectionism," Lunetta said.
 Speaking at the 3,000-attendee Seatrade Cruise Shipping '92 Conference & Exhibition, the world's largest cruise industry forum, Lunetta said that, additionally, a company's entire fleet could be prevented from calling at any U.S. port if even a single vessel on which work was done at a subsidized yard entered U.S. trade.
 Lunetta, who is director of the world's leading cruise port and the cargo hub of Latin America and the Caribbean, also is first vice president of the International Association of Ports & Harbors and former president of the American Association of Port Authorities.
 "It is not difficult for any one of us to recognize the detrimental impacts such legislation would have on our industry and ports," Lunetta said.
 He said the bill, which recently was passed to the full House of Representatives from the House Ways and Means Committee, would:
 -- Cost more U.S. jobs than it saves by reducing vessel calls, thus hurting U.S. interests and ports.
 -- Increase the cost of using U.S. ports, resulting in diversion of cargo and cruise operations to non-U.S. ports.
 -- Create a specific trade remedy just for the shipbuilding industry, which he termed "a bad precedent opening the way for other special interests."
 -- Invite retaliation by U.S. trading partners.
 -- Unfairly place the burden of sanction on ship owners and operators -- not foreign governments and foreign shipyards.
 The bill, authored by Rep. Sam M. Gibbons, D-Fla., of Tampa, "is a disaster," Lunetta said. "While we don't deny that the U.S. shipbuilding industry is in a desperate situation and is losing jobs, we must take the position that the Gibbons bill is not the right solution."
 Rather, Lunetta urged that concerns be addressed through multilateral negotiations.
 "While it appears this bill has the ability to pass the full House, our fight now begins in educating the Senate and putting in roadblocks to prevent this bill from ever reaching the president's desk," Lunetta said. "These protectionism issues have no place in today's global international trade world."
 -0- 3/11/92 R
 /CONTACT: Paul Scott Abbott of Stuart Newman Associates, 305-856-8252, for the Port of Miami/ CO: Port of Miami ST: Florida IN: MAR SU:


JJ-SS -- FL009 -- 7527 03/11/92 17:12 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 11, 1992
Words:466
Previous Article:MEDIVATORS ANNOUNCES 1991 FOURTH QUARTER RESULTS
Next Article:NETWORK REAL ESTATE AND ELECTRONIC REALTY ASSOCIATES ANNOUNCE JOINT MARKETING OF MORTGAGE BANKING, INSURANCE AND HOME SERVICES
Topics:


Related Articles
PORT OF MIAMI DIRECTOR DENOUNCES SHIPBUILDING BILL AS DETRIMENT TO EMPLOYMENT, COMMERCE
GOV. CASEY ANNOUNCES $4.9 MILLION IN FINANCING FOR METRO MACHINE IN CHESTER, CREATING 600 JOBS
Commonwealth Business Media's Journal of Commerce Conference Division Creates Short Sea Shipping Conference.
Pennsylvania Governor Rendell Delivers Major Funding for Convention Center, Celebrates Official Opening of New Erie Shipbuilding Facility.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters