CBP, FMC Agree to Share Data in ITDS
The Federal Maritime Commission signed a memorandum of understanding with CBP on July 19 agreeing to share trade data within the International Trade Data System (ITDS), said CBP in a press release (here). The sharing of Automated Commercial Environment (ACE)…
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data will help "strengthen the balance of facilitation and enforcement regarding the regulation of ocean carriers and other entities involved in trade," said CBP. The agreement means that CBP can transfer ACE data directly to the FMC to help it fulfill its "statutory and regulatory duties and responsibilities" and conserve resources within both agencies, said CBP. The agreement "specifies the specific data elements to be shared, the legal authority of FMC to receive the data and the conditions under which FMC may use, store or share the information," said CBP