- Committee on Foreign Investment in the U.S.
- Employment & Trade
- Export Trading Company Act
- Global Competitiveness
- Industry Regulation
- Reference Information
- Trade Agreements & Negotiations
- Trade Disputes & Enforcement
- Trade Statistics
- U.S. Trade Laws
Export Trading Company Affairs (ETCA)
The Export Trade Certificate of Review Program - The Competitive Edge for U.S. Exporters
[Federal Register: May 3, 2006 (Volume 71, Number 85)]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
DEPARTMENT OF COMMERCE
International Trade Administration
Export Trade Certificate of Review
ACTION: Notice of revocation of Export Trade Certificate of Review,
Application No. 84-00014.
SUMMARY: The Secretary of Commerce issued an Export Trade Certificate
of Review to Aires Group, Ltd., on July 10, 1984. Because this
Certificate Holder has failed to file an annual report as required by
law, the Secretary is revoking the certificate. This notice summarizes
the notification letter sent to Aires Group, Ltd.
FOR FURTHER INFORMATION CONTACT: Jeffrey Anspacher, Director, Export
Trading Company Affairs, International Trade Administration, 202/482-
5131. This is not a Toll-free number.
SUPPLEMENTARY INFORMATION: Title III of the Export Trading Company Act
of 1982 (``The Act'') (Pub. L. 97-290, 15 U.S.C. 4011-21) Authorizes
the Secretary of Commerce to Issue Export Trade Certificates of Review.
The Regulations Implementing Title III (``the Regulations'') are found
at 15 CFR Part 325 (1999). Pursuant to this Authority, a Certificate of
Review was issued on July 10, 1984 to Aires Group, Ltd.
A Certificate Holder is required by law to submit to the Secretary
of Commerce Annual Reports that update financial and other information
relating to business activities covered by its Certificate (Section 308
of the Act, 15 U.S.C. 4018, Sec. 325.14(a) of the Regulations, 15 CFR
325.14(a)). The Annual Report is due within 45 days after the
Anniversary Date of the Issuance of the Certificate of Review
(Sec. Sec. 325.14(b) of the Regulations, 15 CFR 325.14(b)). Failure to
submit a complete Annual Report may be the Basis for Revocation
(Sec. Sec. 325.10(a) and 325.14(c) of the Regulations, 15 CFR
325.10(a)(3) and 325.14(c)). On June 30, 2005, the Secretary of
Commerce sent to Aires Group, Ltd., a letter containing Annual Report
questions stating that its annual report was due on August 25, 2005. A
reminder was sent on October 21, 2005 with a due date of April 17,
2006. The Secretary has received no written response from Aires Group,
Ltd., to any of these letters. On March 17, 2006, and in accordance
with Sec. 325.10(c)(1) of the Regulations, (15 CFR 325.10(c)(1)), the
Secretary of Commerce sent a letter by Certified Mail to notify Aires
Group, Ltd., that the Secretary was formally initiating the process to
revoke its Certificate for failure to file an annual report. The
Secretary received notification that the letter was received by Aires
Group, Ltd., on March 22, 2006. Pursuant to Sec. 325.10(c)(2) of the
Regulations (15 CFR 325.10(c)(2)), the Secretary considers the failure
of Aires Group, Ltd., to respond to be an admission of the statements
contained in the notification letter. The Secretary has determined to
revoke the Certificate issued to Aires Group, Ltd., for its failure to
file an annual report. The Secretary has sent a letter, dated April 28,
2006 to notify the Aires Group, Ltd., of its final determination.
The Revocation is effective thirty (30) days from the date of
publication of this notice (Sec. 325.10(c)(4) of the Regulations, 15
CFR 325.10(c)). Any person aggrieved by this decision may appeal to an
appropriate U.S. District Court within 30 days from the date of
publication of this notice in the Federal Register ``(Sec. 325.11 of
the Regulations, 15 CFR 325.11).''
Dated: April 28, 2006.
Director, Export Trading Company Affairs.
[FR Doc. E6-6711 Filed 5-2-06; 8:45 am]
BILLING CODE 3510-DR-P