The Federal Maritime Commission (FMC) has issued a proposed rule which would amend its regulations governing proof of financial responsibility for ocean transportation intermediaries (OTIs) by allowing an optional rider for additional coverage to be filed with a licensed non-vessel operating common carrier's (NVOCC's) proof of financial responsibility for such carriers serving the U.S. oceanborne trade with China.

In Candle Corporation of America (CCA) and Blyth, Inc. v. International Trade Commission (ITC) et al., the Court of International Trade (CIT) determined that a domestic producer that failed to support the antidumping (AD) petition on petroleum wax candles from China is not eligible to collect offset distributions under the Continued Dumping and Subsidy Offset Act of 2000 (Byrd Amendment).

The International Trade Administration (ITA) has initiated antidumping (AD) duty investigations of certain frozen and canned warmwater shrimp from Brazil, Ecuador, India, Thailand, China, and Vietnam.

The Federal Maritime Commission (FMC) has announced that it is reopening until February 23, 2004, the comment periods on three petitions that were filed with the FMC requesting to be exemptor partially exempt from certain provisions of Section 9 of the Shipping Act of 1984 (46 USC app. 1708) (Controlled Carrier Act), which would enable the petitioners to reduce tariff rates immediately, rather than be subject to the thirty-day waiting period prescribed by the Controlled Carrier Act¹.

U.S. Customs and Border Protection (CBP) has posted to its Web site its January 2004 U.S. Customs and Border Protection Modernization newsletter which discusses, among other things, CBP's plans for expansion of the Automated Commercial Environment (ACE) in 2004. The following are "highlights" of CBP's January 2004 newsletter:

The International Trade Administration (ITA) frequently issues notices on antidumping (AD) and countervailing (CV) duty orders which Broker Power considers to be "minor" in importance as they concern actions that occur after an order is issued and neither announce nor cause any changes to an order's duty rates, scope, affected firms, or effective period.

On December 22, 2003, Senate Finance Committee Chairman Chuck Grassley and Ranking Member Max Baucus sent a letter expressing concerns about the ability of the Office of Foreign Assets Control to cut off terrorist financing.

U.S. Customs and Border Protection (CBP) has issued a press release stating that Fiscal Year (FY) 2003 was a record-breaking year for the volume of trade entering through U.S. seaports and borders. According to CBP, it collected nearly $1 billion more in revenue for the federal government in FY 2003 than in FY 2002.

The Committee for the Implementation of Textile Agreements (CITA) has issued a notice requesting public comments by February 10, 2004 regarding a "commercial availability" request it received under the African Growth and Opportunity Act (AGOA), the U.S.-Caribbean Basin Trade Partnership Act (CBTPA), and the Andean Trade Promotion and Drug Eradication Act (ATPDEA) from Warren Corporation: