Trade knowledge / 16 Terms You Need to Know When Filing through AES
Date: 2017-02-21
16 Terms You Need to Know When Filing through AES
Does your company export goods valued at more than $2,500 to anywhere other than Canada? If so, you’re probably no stranger to the U.S. Foreign Trade Regulations (FTR) that require you to file your export information electronically through AES, the Automated Export System. Most exporters need a thorough understanding of AES because the consequences of filing incorrectly can be costly.
If the process of filing through AES seems a bit convoluted, or if you could use a refresher in AES terms, read on.
The Automated Export System (AES)
AES is the system U.S. exporters use to electronically declare their international exports, known as Electronic Export Information (EEI), to the Census Bureau to help compile U.S. export and trade statistics. It is also used by other government agencies for trade enforcement purposes.
As a general rule, if your company exports goods valued at more than $2,500 per Schedule B number to anywhere other than Canada or goods that require an export license, the FTR require that you or your agent (typically a freight forwarder) file through AES. Watch the U.S. Census Bureau video for a more complete description of when you must file.
Electronic Export Information (EEI)
EEI is the data that is submitted to the Census Bureau through AES. It includes the exporter’s name, address and identification number, as well as detailed information concerning the exported products, including their proper classification and licensing requirements. Why does the Census Bureau need all of this information?
Foreign Trade Regulations (FTR)
The FTR are administered by the International Trade Management Division (formerly known as the Foreign Trade Division) of the U.S. Census Bureau. The FTR have a dual purpose—they allow for the collection of statistical trade data, and they provide the tactical information required by the Bureau of Industry and Security (BIS) and Customs and Border Protection (CBP) to perform their export oversight roles.
You can find out more about the FTR’s role as one of the Big Three in exporting here. The census bureau also provides a quick guide to FTR, or, if you’re looking for some light reading, you'll find the current version of the FTR at the Government Publishing Office website.
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