CBP Releases FY 2015 Performance and Accountability Report
CBP posted on April 5 its fiscal year 2015 Performance and Accountability Report (here). The 181-page document, released annually, includes an overview of recent CBP activities, an update on whether CBP is meeting its objectives, and the agency’s financial statements.…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
For the second year running, CBP is not meeting its goal of 54% of cargo imported by members of trade partnership programs, with only 52.2% of cargo imported by members. The 2014 report had set a goal of 59% of cargo imported by trade partnership program participants, and found 53.9% was imported by members (see 1506010016). The agency also missed its goal of collecting 100% of revenue, having collected 98.61% in FY 2015. The report identified the agency’s single transaction bond system as a culprit behind the shortfall, though it said CBP’s upcoming eBond system would mostly resolve these issues. CBP did meet its goal of 97.5% of imports being compliant with trade laws, posting a 98.89% compliance rate, it said.