The US boating industry has dodged a bullet that could have put many US marine manufacturers out of business, according to a statement from the National Marine Manufacturers Association (NMMA).
The NMMA, and other industry partners, including the National Association of Manufacturers (NAM), took issue with a trade regulation called "10 plus 2", proposed by the US Customs and Border Protection (CBP). "10 plus 2 would have required importers to report additional security filing data elements on cargo destined for the United States 24 hours prior to the cargo shipping date, before much of the data would even be available," said the statement. "This would have created massive supply chain delays resulting in significant implementation costs and forced many US marine manufacturers out of business." Thanks to IBI News for the story – read the rest of the article here.