House Republicans recently introduced a bill that would abolish the Export-Import Bank of the United States, saying the bank’s export subsidies give advantages to specific industries while harming domestic competition and certain sectors of the U.S. economy. If passed, the bank would be abolished three years after the bill’s enactment date. The bill contains a provision that would make the secretary of the Treasury responsible for any “outstanding obligations of the Federal Government under any programs terminated” by the bill. The bill would also terminate the Office of Inspector General for the bank, transferring the office’s obligations to the Treasury. The bill, the "Export-Import Bank Termination Act," was sponsored by Rep. Justin Amash, R-Mich., and five other House Republicans. It was introduced March 27 and referred to the House Financial Services Committee.

A Senate bill with bipartisan support would require the Trump administration to impose sanctions on Turkish officials, according to a press release from the U.S. Commission on Security and Cooperation in Europe. The bill, the Defending United States Citizens and Diplomatic Staff from Political Prosecutions Act, was introduced April 9 by Sens. Roger Wicker, R-Miss., and Ben Cardin, D-Md. It would sanction senior Turkish officials responsible for the detention of several American citizens over the last few years, including scientist Serkan Golge and pastor Andrew Brunson. “Our bill makes clear that the United States will not tolerate years of Turkish recalcitrance on these cases,” Cardin said in a statement. “Officials in the [Recep Tayyip] Erdogan regime responsible for these crimes must be held accountable under Global Magnitsky standards for their ongoing injustices.”

The Treasury’s Office of Foreign Assets Control sanctioned a Lebanese national and two of his companies for money laundering on behalf of drug kingpins and Hizballah, OFAC said in an April 11 notice. Kassem Chams and his two businesses, Chams Exchange Company Sal and Chams Money Laundering Organization, are being designated as Specially Designated Narcotics Traffickers and sanctioned under the Foreign Narcotics Kingpin Designation Act.

The Treasury’s Office of Foreign Assets Control announced two settlements worth almost a combined $500,000 involving a United Kingdom-based oil and gas service provider, its subsidiaries and a New York-based global investment firm for violations of U.S.-imposed sanctions on Cuba and Iran.

The U.S., Mexico and several other countries expressed concern over the European Union’s plans for allocating its tariff-rate quotas after the United Kingdom’s planned withdrawal from the EU, at an April 11 meeting of the WTO trade in goods council, according to a Geneva-based trade official. “The current approach to Brexit TRQ negotiations is unacceptable and we are eager to engage [with the EU] to ensure our rights are maintained,” a U.S. representative said at the meeting.

Near North Customs Brokers acquired two Canadian brokerages within the last month, the company said in an emailed news release. "Alliance Border Services of Delta, B.C., and ISL Customs Broker, a division of Island Shipping Ltd., of Nanaimo, B.C., were both acquired within weeks of each other" as part of a "strategic push to further strengthen its portfolio and reach across British Columbia," Near North said. Terms of the deals weren't released. All employees of Alliance Border Services and ISL employees joined Near North Customs, it said. ISL will continue to "function under its own name out of Nanaimo, a highly strategic location in the customs brokerage arena."

The Transportation Security Administration is planning to update its air cargo security forms for indirect air carriers (IACs) in order to solicit residency information, the agency said in a recent notice. The TSA plans to "revise TSA Form 419F to request specific information regarding residency of Indirect Air Carrier (IAC) Principals to ensure that those principals that do not physically reside nor work in the United States can meet the STA requirements," it said. The agency said the update will also "provide a web-portal, allowing [Indirect Air Carrier Management System (IACMS)] to upload supporting documentation electronically."

The European Union filed a dispute with the World Trade Organization on April 2 over India’s “excess” duty rates for goods in the information and communications technology sector. The EU said India is levying tariffs on a range of products that should have no tariffs, including semiconductors, electrical transformers, telephone sets, microphones, circuits, wire and measuring instruments. The rates on those products “clearly exceed the bound rate” of 0 percent set in India’s Schedule of Concessions and Commitments implemented after the 1994 General Agreement on Tariffs and Trade, the EU said. The tariff rates are “inconsistent with India's obligations” in the WTO, the EU said in its request for consultations.

In the April 10 edition of the Official Journal of the European Union the following trade-related notices were posted:

The Mexican Secretariat of Finance and Public Credit issued a notice April 10 amending its tax regulations related to the labeling of alcoholic beverages. According to a circular issued by the Confederation of Mexican Customs Broker Associations (CAAAREM), among the changes are new provisions on the digital printing of labels that must be adhered to alcoholic beverages, as well as on how to obtain them. The amended regulations also now include provisions on circumstances under which labelers may be prohibited from using digitally printed labels.