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Several Bonding Issues in ACAS Rules Need Addressing, Sureties Say
August 20, 2018 by Tim Warren|Top News

CBP needs to give "immediate attention" to multiple unanswered questions related to bonding in the Air Cargo Advance Screening rules, the International Trade Surety Association said in comments filed in response to the ACAS interim rule that took effect in June (see 1806110043). "The Interim rule is silent on the formula to be used to set bond amounts, whether there is a minimum bond amount or whether Single Transaction bonds may be used to secure ACAS obligations, whether multiple penalties may be claimed against the same principal and/or multiple principals on the same transaction," the ITSA said. "We recommend that these issues be addressed immediately with the surety industry and with other stakeholders."

CBP to Begin Preliminary 'Proof of Concept' NAFTA/CAFTA Blockchain Test in September
August 20, 2018 by Brian Feito|Top News

ATLANTA -- A “proof of concept” set to begin in September will provide for brainstorming and early-stage testing on the use of blockchain technology in processes related to NAFTA and the Central America Free Trade Agreement (CAFTA), Vincent Annunziato, director of CBP’s Business Transformation and Innovation Division, told a group of reporters at the CBP 2018 Trade Symposium on Aug. 14. CBP will consider not only the technical capabilities of blockchain and any business benefits but also whether use of the technology fits with the agency’s regulatory and policy scheme.

NOAA Seeks Comments on Traceability Info Collection for Shrimp and Abalone
August 8, 2018 |Commerce Dept.

The National Oceanic and Atmospheric Administration is seeking comments by Oct. 9 on a new information collection related to coming permitting, recordkeeping and ACE filing requirements for imported shrimp and abalone, NOAA said in a notice. Shrimp and abalone will be subject to requirements for high-risk seafood starting Dec. 31 (see 1804230037). As of that date, "importers of shrimp and abalone species will be required to obtain an International Fisheries Trade Permit" and "submit harvest and landing information on those products" into the International Trade Data System through the ACE portal. NOAA estimated the information requirements will require 215,167 annual burden hours and cost a total $805,000 annually due to recordkeeping and reporting costs.