During the February 25, 2010 Departmental Advisory Committee on Commercial Operations of U.S. Customs and Border Protection and Related Homeland Security Functions (COAC) meeting, a CBP official and COAC's Trade Facilitation Subcommittee provided an update on account management (also known as management by account and account based processing).
The Department of Homeland Security's Office of Inspector General has issued a report containing an independent audit conducted by KPMG LLP that addresses the strengths and weaknesses of U.S. Customs and Border Protection's fiscal year 2009 internal controls over financial reporting.
Canada's Department of Finance has issued a press release announcing measures in Canada's 2010 budget to eliminate all remaining tariffs on manufacturing inputs and machinery and equipment.
The Department of Homeland Security's Office of Inspector General has issued a report containing an independent audit conducted by KPMG LLP that addresses the strengths and weaknesses of U.S. Customs and Border Protection's fiscal year 2009 internal controls over financial reporting.
U.S. Customs and Border Protection and the Alcohol and Tobacco Tax and Trade Bureau have issued notices announcing that they are withdrawing their October 2009 drawback proposed rules.
"Daily Update on Capitol Hill Trade Actions" is a daily International Trade Today compilation of the most relevant legislation, hearings, and actions by Congress involving international trade. The following are brief summaries of recent Capitol Hill actions:
U.S. Customs and Border Protection has issued a notice stating that as part of the ongoing efforts to centralize all continuous bond processing, effective March 1, 2010, all continuous bond applications (regardless of activity code) should be submitted directly to the Revenue Division for processing.
The Office of the U.S. Trade Representative has posted USTR Kirk's remarks, as prepared for delivery, for the Retail Industry Leaders Association Logistic Conference. Among other things, Kirk stated that the USTR is currently seeking to resolve outstanding issues on the Colombian, Korean, and Panamanian Free Trade Agreements in an effort to move those forward at the appropriate time. (Remarks, posted 02/24/10, available at http://www.ustr.gov/about-us/press-office/speeches/transcripts/2010/february/remarks-ambassador-ron-kirk-retail-industry)
"Daily Update on Capitol Hill Trade Actions" is a daily International Trade Today compilation of the most relevant legislation, hearings, and actions by Congress involving international trade. The following are brief summaries of recent Capitol Hill actions:
"Daily Update on Capitol Hill Trade Actions" is a daily International Trade Today compilation of the most relevant legislation, hearings, and actions by Congress involving international trade. The following are brief summaries of recent Capitol Hill actions: