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Quarterly Survey of Transactions in Intellectual Property with Foreign Persons Under Review

Tuesday, August 04, 2015
Sandler, Travis & Rosenberg Trade Report

The Department of Commerce’s Bureau of Economic Analysis is soliciting through Oct. 5 comments on form BE-125, Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons, including minor additions and modifications that are being proposed.

A U.S. person must report if it had sales of covered services or intellectual property to foreign persons that exceeded $6 million for the previous fiscal year or are expected to exceed that amount during the current fiscal year, or if it had purchases of covered services or intellectual property from foreign persons that exceeded $4 million for the previous fiscal year or are expected to exceed that amount during the current fiscal year. The data are needed to monitor U.S. trade in services, to analyze the impact on the U.S. and foreign economies, to compile and improve the U.S. economic accounts, to support U.S. commercial policy on trade in services, to conduct trade promotion and to improve the ability of U.S. businesses to identify and evaluate market opportunities.

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