Bureau of Economic Analysis Clarifies International Trade and Direct Investment Survey Procedures

Summary

The Bureau of Economic Analysis (BEA) has issued a document to clarify its procedures for collecting data on international trade in services and direct investment, as mandated by the International Investment and Trade in Services Survey Act and the Omnibus Trade and Competitiveness Act of 1988. The clarification states that the previously issued rule does not have a retroactive effect, and entities required to complete ongoing surveys must still do so.