EMD Board Meeting Canadian Update

Sara Anghel

Executive Director / VP GR, NMMA Canada

February 16, 2011

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Environment Canada and New Engine Emissions Regulations

• Met with key staff at Environment Canada (EC) throughout 2010

• The new target dates for these regulations are as follows:– Outboard, PWC, and Stern drive/Inboard up to 500 Hp – January1,

2012

– Stern drive/Inboard over 500 Hp - January 1, 2013

– Boat Evaporative Emissions Systems - January 1, 2015

• Regulation published today!

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Statistical Abstract for Canada

• Transport Canada has collected registration data dating back to 2006.

• Produce a monthly report outlining– Type of boat; size, propulsion, province

• NMMA Canada will have access to the data in 2011

• NMMA Canada will create a Statistical Abstract for Canadian recreational marine industry by fall 2011

• High level engine statistics will be reported for Canada

Dealer Floorplan Financing

• Canadian government announced:– $500 million towards a new Vehicle and Equipment Financing Partnership (to be run by

Business Development Bank of Canada)

– This program will expand financing options for small and medium-sized finance and leasing companies, increasing the availability of credit at market rates for dealers and users of vehicles and equipment

• They have built it…but will they come????

• Details of program not announced

Trade Opportunities

• Global Opportunities for Associations Program– $2.3 million annual program– NMMA will apply for support of a Trade mission to exploratory markets (Dubai, China,

Europe boat shows)– Government funds up to 50% of the mission

• Free trade agreements being negotiated between Canada and:– Europe – to be implemented by 2012/ 2013– India

• Canada has free trade agreements in place with:– Columbia; Jordon, Panama, Peru

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