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JANUARY 1944SURVEY UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCESurveu current BUSINESS Volume 24, No.1JANUARY 1944Statutory Functions “The Bureau of Foreign and Domestic
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1. Identify the type of commerce you are dealing with (foreign or domestic).
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What is foreign and domestic commerce?
Foreign commerce refers to trade between a company in one country and a company in another country. Domestic commerce refers to trade within the boundaries of a single country.
Who is required to file foreign and domestic commerce?
Companies engaged in international trade are required to file foreign and domestic commerce.
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Foreign and domestic commerce forms can typically be filled out online through a designated government portal or platform.
What is the purpose of foreign and domestic commerce?
The purpose of foreign and domestic commerce is to track and regulate international trade activities for recordkeeping, regulatory compliance, and economic analysis purposes.
What information must be reported on foreign and domestic commerce?
Information such as the value of imports and exports, country of origin/destination, commodities traded, and parties involved must be reported on foreign and domestic commerce forms.
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