US Department of Commerce unveils new aluminum import monitoring and analysis system
2020-12-25 10:18:15 [Print]
On December 23, the U.S. Department of Commerce announced the creation of the Aluminum Import Monitoring and Analysis (AIM) system, which will enable Commerce to collect and publish data on aluminum imports. AIM is modeled on Commerce's successful Steel Import Monitoring and Analysis (SIMA) system.
Under AIM, importers will be required to obtain a free, automatic import license before they import aluminum products. To obtain the import license, companies must report the volume, value, country of origin, country of most recent cast, and certain other information. The licensing requirement becomes effective on January 23, 2021.
In addition, following a one-year grace period, Commerce will require importers to report the country where imported aluminum products were smelted. Commerce will offer an additional opportunity to comment on this and other aspects of the licensing requirements in the coming months.
Once license data is collected, Commerce will release the data on an aggregate basis through the public AIM monitor. The monitor will track aggregate trends in U.S. imports of certain aluminum products in almost real time, providing an early indication of trends. The AIM monitor will also identify surges of specific aluminum products suggesting potential transshipment and circumvention relating to these products. The monitor will be available starting on January 23, 2021.
Under AIM, importers will be required to obtain a free, automatic import license before they import aluminum products. To obtain the import license, companies must report the volume, value, country of origin, country of most recent cast, and certain other information. The licensing requirement becomes effective on January 23, 2021.
In addition, following a one-year grace period, Commerce will require importers to report the country where imported aluminum products were smelted. Commerce will offer an additional opportunity to comment on this and other aspects of the licensing requirements in the coming months.
Once license data is collected, Commerce will release the data on an aggregate basis through the public AIM monitor. The monitor will track aggregate trends in U.S. imports of certain aluminum products in almost real time, providing an early indication of trends. The AIM monitor will also identify surges of specific aluminum products suggesting potential transshipment and circumvention relating to these products. The monitor will be available starting on January 23, 2021.
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