NAEDA joined allied industry groups to urge inclusion of off-road equipment in an international treaty under the proposed expansion of the “Cape Town Convention.” The treaty would facilitate export financing, which would help small and mid-sized U.S. manufacturers grow their export businesses.
The signed letters were sent to U.S. Secretary of State John Kerry and the secretary general of the International Institute for the Unification of Private Law (UNIDROIT). Both letters expressed support for expansion of the Cape Town Convention, or Fourth Protocol that standardizes transactions involving moveable property. Also signing the letters were the American Rental Association, Associated Equipment Distributors, Equipment Leasing and Finance Association and the Association of Equipment Manufacturers.
Copies of the letters can be read here.