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Displaying items by tag: Tariffs

The United States and European Union (EU) announced a deal to remove steel and aluminium tariffs, resulting in the full removal of the 25% retaliatory tariffs imposed on American-made boats and engines entering the EU.

Since the tariffs were implemented in 2018, the NMMA team has dedicated significant attention and resources to resolve this issue as Afloat reported previously here

The suspension of the retaliatory tariffs comes as welcome news for American boat builders, who have long been subject to these punitive tariffs.

However, a lot of the American brands available in Ireland were from EU manufacturing plants so were never affected by the retaliatory tariffs but some popular American built boats in Ireland, including some of the J-boat range, will now be available tariff-free. 

“Since their first days in office, President Biden and Ambassador Tai have been committed to resolving the U.S., EU trade dispute that has harmed the American boat building industry, and today we applaud and thank them for delivering on this promise,” said Frank Hugelmeyer, president of the National Marine Manufacturers Association. “America’s boat builders were collateral damage of this tit-for-tat trade conflict for more than three years, resulting in a 50% reduction in exports to our industry’s second-largest international market and the loss of hundreds of millions of dollars in revenue.

“This agreement is a momentous victory for the recreational boating industry – which represents the largest segment of the $788 billion outdoor recreation industry, supporting nearly 700,000 U.S. jobs and over 35,000 businesses. Thanks to the leadership of President Biden and his administration, we are no longer saddled with a structural disadvantage to international competitors.”

Published in Boat Sales
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More than 100 European and American associations have issued a joint statement ahead of the EU-US Summit in Brussels next Tuesday 15 June, calling for the removal of tariffs on sectors unrelated to the ongoing transatlantic trade disputes.

For recreational boating, this relates to the retaliatory tariffs put in place by the EU after the US placed tariffs on EU steel and aluminium.

The European Boating Industry (EBI) and its US counterpart the National Marine Manufacturers Association (NMMA) have now joined a coalition that comprises 113 organisations — which range from agricultural products to consumer goods and recreational boating.

The move is also part of a wider cooperation by the associations on the trade dispute which includes the International Council of Marine Industry Associations (ICOMIA).

Their full statement can be downloaded below.

Published in Marine Trade

In the US importers and their logistics providers are preparing for further US-China tariffs and a possible fresh rush to front-load deliveries to beat the next tariff deadline, after the US confirmed its intention to impose 25% duties on further US$300 billion of products imported annually from China.

As Lloyd's Loading List reports, The Office of the United States Trade Representative (USTR) has called for comments by 17 June on its new list of products. It said: “The proposed modification is to take further action in the form of an additional ad valorem duty of up to 25% on products of China with an annual trade value of approximately $300 billion.”

Representatives of US importers warned that it was impossible for companies to switch their sourcing of products from China to other countries in the short term, with sourcing decisions taking time to make and with other countries lacking the necessary manufacturing and logistics capacity that China has.

Matthew Shay, president and CEO of the National Retail Federation (NRF), said retailers were considering a “longer-term play about diversifying the supply chain and maybe moving some of the supply capacity in other places”. But he added: “The issue is there’s no new China.

For further analysis of the US-China tariff click here and for a study on its impact on the US. 

Published in Ports & Shipping
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#Trade - European importers of pleasure craft from the US have already been impacted by new EU tariffs that add an average of €20,000 per boat.

According to Boating Business, dealers across Europe have been placing orders for new boats on hold since the tariffs came into effect in June as part of the response to the Trump administration’s steel and aluminium levies.

Yacht transport companies are also affected by the situation as the majority of their small boat business is from the US to European markets, says logistics specialists Peters & May.

The new rules apply to all pleasure craft in transit since 22 June, regardless of size, with only inflatable boats excepted.

And the increase from 17% to 25% on import costs is having what are perhaps unintended consequences for European brokers.

“The duty is intended to protect our industries, but we sell waterski and wakeboard boats which are not made over here,” says Jason Bates of Nautique Midlands in the UK.

Boating Business has more on the story HERE.

Published in Marine Trade
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Marine Protected Areas (MPAs) - FAQS

Marine protected areas (MPAs) are geographically defined maritime areas where human activities are managed to protect important natural or cultural resources. In addition to conserving marine species and habitats, MPAs can support maritime economic activity and reduce the effects of climate change and ocean acidification.

MPAs can be found across a range of marine habitats, from the open ocean to coastal areas, intertidal zones, bays and estuaries. Marine protected areas are defined areas where human activities are managed to protect important natural or cultural resources.

The world's first MPA is said to have been the Fort Jefferson National Monument in Florida, North America, which covered 18,850 hectares of sea and 35 hectares of coastal land. This location was designated in 1935, but the main drive for MPAs came much later. The current global movement can be traced to the first World Congress on National Parks in 1962, and initiation in 1976 of a process to deliver exclusive rights to sovereign states over waters up to 200 nautical miles out then began to provide new focus

The Rio ‘Earth Summit’ on climate change in 1992 saw a global MPA area target of 10% by the 2010 deadline. When this was not met, an “Aichi target 11” was set requiring 10% coverage by 2020. There has been repeated efforts since then to tighten up MPA requirements.

Marae Moana is a multiple-use marine protected area created on July 13th 2017 by the government of the Cook islands in the south Pacific, north- east of New Zealand. The area extends across over 1.9 million square kilometres. However, In September 2019, Jacqueline Evans, a prominent marine biologist and Goldman environmental award winner who was openly critical of the government's plans for seabed mining, was replaced as director of the park by the Cook Islands prime minister’s office. The move attracted local media criticism, as Evans was responsible for developing the Marae Moana policy and the Marae Moana Act, She had worked on raising funding for the park, expanding policy and regulations and developing a plan that designates permitted areas for industrial activities.

Criteria for identifying and selecting MPAs depends on the overall objective or direction of the programme identified by the coastal state. For example, if the objective is to safeguard ecological habitats, the criteria will emphasise habitat diversity and the unique nature of the particular area.

Permanence of MPAs can vary internationally. Some are established under legislative action or under a different regulatory mechanism to exist permanently into the future. Others are intended to last only a few months or years.

Yes, Ireland has MPA cover in about 2.13 per cent of our waters. Although much of Ireland’s marine environment is regarded as in “generally good condition”, according to an expert group report for Government published in January 2021, it says that biodiversity loss and ecosystem degradation are of “wide concern due to increasing pressures such as overexploitation, habitat loss, pollution, and climate change”.

The Government has set a target of 30 per cent MPA coverage by 2030, and moves are already being made in that direction. However, environmentalists are dubious, pointing out that a previous target of ten per cent by 2020 was not met.

Conservation and sustainable management of the marine environment has been mandated by a number of international agreements and legal obligations, as an expert group report to government has pointed out. There are specific requirements for area-based protection in the EU Marine Strategy Framework Directive (MSFD), the OSPAR Convention, the UN Convention on Biological Diversity and the UN Sustainable Development Goals. 

Yes, the Marine Strategy Framework directive (2008/56/EC) required member states to put measures in place to achieve or maintain good environmental status in their waters by 2020. Under the directive a coherent and representative network of MPAs had to be created by 2016.

Ireland was about halfway up the EU table in designating protected areas under existing habitats and bird directives in a comparison published by the European Commission in 2009. However, the Fair Seas campaign, an environmental coalition formed in 2022, points out that Ireland is “lagging behind “ even our closest neighbours, such as Scotland which has 37 per cent. The Fair Seas campaign wants at least 10 per cent of Irish waters to be designated as “fully protected” by 2025, and “at least” 30 per cent by 2030.

Nearly a quarter of Britain’s territorial waters are covered by MPAs, set up to protect vital ecosystems and species. However, a conservation NGO, Oceana, said that analysis of fishing vessel tracking data published in The Guardian in October 2020 found that more than 97% of British MPAs created to safeguard ocean habitats, are being dredged and bottom trawled. 

There’s the rub. Currently, there is no definition of an MPA in Irish law, and environment protections under the Wildlife Acts only apply to the foreshore.

Current protection in marine areas beyond 12 nautical miles is limited to measures taken under the EU Birds and Habitats Directives or the OSPAR Convention. This means that habitats and species that are not listed in the EU Directives, but which may be locally, nationally or internationally important, cannot currently be afforded the necessary protection

Yes. In late March 2022, Minister for Housing Darragh O’Brien said that the Government had begun developing “stand-alone legislation” to enable identification, designation and management of MPAs to meet Ireland’s national and international commitments.

Yes. Environmental groups are not happy, as they have pointed out that legislation on marine planning took precedence over legislation on MPAs, due to the push to develop offshore renewable energy.

No, but some activities may be banned or restricted. Extraction is the main activity affected as in oil and gas activities; mining; dumping; and bottom trawling

The Government’s expert group report noted that MPA designations are likely to have the greatest influence on the “capture fisheries, marine tourism and aquaculture sectors”. It said research suggests that the net impacts on fisheries could ultimately be either positive or negative and will depend on the type of fishery involved and a wide array of other factors.

The same report noted that marine tourism and recreation sector can substantially benefit from MPA designation. However, it said that the “magnitude of the benefits” will depend to a large extent on the location of the MPA sites within the network and the management measures put in place.

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