The Bureau of Economic Analysis (BEA), part of the Department of Commerce, has announced the mandatory Annual Survey of Foreign Ocean Carriers' Expenses in the United States, known as BE-29. This survey collects data to understand the expenses of foreign ocean carriers in the U.S. and measure trade in transport services, which is crucial for analyzing its impact on both the U.S. and foreign economies. Entities required to respond include U.S. agents who managed 40 or more foreign carrier port calls or had expenses of $250,000 or more. Responses must be submitted within 45 days after the calendar year ends.
Simple Explanation
The Bureau of Economic Analysis wants to know how much money foreign boats spend when they visit the U.S., and they ask people who help these boats to tell them about it every year. This helps them understand how this spending affects both America and other countries.