The European Union and the United Kingdom have agreed to an extension until Oct. 31 of the U.K.’s planned withdrawal from the EU, said European Council President Donald Tusk on twitter. Under the “flexible” six-month extension, the U.K. could still ratify the extension agreement, at which point the extension would be “terminated,” or even revoke Article 50 altogether and remain in the EU, Tusk said at a press conference following discussions among European leaders April 10 in Brussels. The extension includes plans for an “assessment” by the European Council in June, but European leaders will at that point only be “taking stock” of the situation. It won’t be a negotiating session, said European Commission President Jean-Claude Juncker at the press conference. “June is not a cliff edge,” Tusk said.

Treasury’s Office of Foreign Assets Control announced two settlements totaling more than $650 million with a United Kingdom-based bank that allegedly violated U.S.-imposed sanctions on Cuba, Iran, Syria, Zimbabwe and now-repealed sanctions on Myanmar and Sudan, OFAC said in an April 9 notice. The announcement marked OFAC’s largest settlement amount since June 2014, when the agency reached a $963 million settlement with a bank that also violated sanctions on Cuba, Iran, Myanmar and Sudan.

The United Kingdom’s HM Revenue & Customs is extending until May 31 the deadline for applications for grants available to fund training and information technology improvements in preparation for the U.K.’s planned withdrawal from the European Union. Available to importers, customs brokers, freight forwarders and couriers that are either established or have a branch in the U.K., the funding “will support customs intermediaries and traders completing customs declarations,” HMRC said. Out of a total $8 million available, $2 million is available to fund up to 50 percent of the cost of training for staff completing customs declarations, another $3 million is available to fund IT improvements related to customs declarations for small and medium intermediaries, and $3 million was invested in training courses that will be available “over the coming months to support customs broker training,” HMRC said.

In the April 8 edition of the Official Journal of the European Union the following trade-related notices were posted:

Recent editions of Mexico's Diario Oficial list trade-related notices as follows:

The government of Canada recently issued the following trade-related notices as of April 8th (note that some may also be given separate headlines):

The Confederation of Mexican Customs Broker Associations (CAAAREM) issued a circular to its members April 2 clarifying entry documentation for goods withdrawn for consumption from Recintos Fiscalizados Estrategicos (free trade zones) that are not adjacent to Mexican customs, according to a blog post from Mexican law firm Consorcio Juridico Aduanero. Responding to CAAAREM’s request for a legal opinion, Mexican customs told the broker group that two “pedimento” entries must be submitted for such goods, both with code “G9,” one for withdrawal from the FTZ and the other for entry for consumption. The ruling is E/800/02/00/00/00/19-3818-2-87, dated March 29, CAAAREM said.

Australia will adopt the World Trade Organization’s Government Procurement Agreement, becoming the 48th WTO member to do so, according to a WTO notice. The GPA aims to “mutually open government procurement markets among its parties,” requiring “transparent conditions of competition be stored in government procurement.” Australia will officially be party to the GPA on May 5.

China is lowering tax rates on certain imported goods, hoping to boost imports and domestic consumption, according to a notice from the Chinese Ministry of Commerce and a report from state-run news agency Xinhua. The change will take effect April 9, the notice said. China will reduce the tax rate of some goods -- such as books, computers, food, furniture and medicine -- from 15 percent to 13 percent, the report said. China will also reduce the rates on products that include sporting goods, textiles, electronic appliances and bicycles from 25 percent to 20 percent. The report also said that certain medicinal imports that are subject to the 3 percent import value-added tax rate, including “anti-cancer drugs and medicines for rare diseases,” will “enjoy [a] favorable tax rate.”

President Donald Trump bemoaned what he said are unfair trade practices levied against the U.S. by “many countries,” singling out and criticizing India while referring to its trade practices as “stupid trade.” Trump, speaking at a Republican Jewish Coalition Leadership meeting on April 6 in Las Vegas, accused India of imposing 100 percent tariffs on imports from the U.S. “Prime Minister [Narendra] Modi is charging us over 100 percent for many things,” Trump said. “We’re charging them nothing for similar or the same products, and I have senators who say you can’t do that. It’s not free trade ... it's stupid trade.” India has repeatedly delayed retaliatory tariffs on goods imported from the U.S. -- with the most recent delay coming April 1 (see 1904010010) -- in response to U.S.’s Section 232 steel and aluminum tariffs. During the rally, Trump also advocated for additional unspecified tariffs while accusing several unnamed countries of “charging us 200 and 250 and 300 percent” tariffs. “And we charge them nothing,” he said. “It’s OK to charge them something.”