🚢BEA's Annual Survey on Foreign Ocean Carriers Requires Reporting
BE-29: Annual Survey of Foreign Ocean Carriers' Expenses in the United States
Summary
By this Notice, the Bureau of Economic Analysis (BEA), Department of Commerce, is informing the public that it is conducting the mandatory survey titled Annual Survey of Foreign Ocean Carriers' Expenses in the United States (BE-29). The data collected on the BE-29 survey are needed to measure U.S. trade in transport services and to analyze the impact of U.S. trade on the U.S. and foreign economies. This survey is authorized by the International Investment and Trade in Services Survey Act.
Agencies
- Commerce Department
- Economic Analysis Bureau
Business Impact
$$$ - High
The regulatory notice outlines mandatory reporting requirements for U.S. agents of foreign ocean carriers with significant activities, which mandates compliance from affected businesses. Failure to report may result in penalties, impacting operational planning and financial reporting.