Expect new EU action at the World Trade Organization in 2024, four Akin attorneys said in a Jan. 23 blog poost. With the exceptions of 2023 and 2007, the EU has filed at least one complaint every year since 1995, and is expected to "go back on the offensive" by starting at least one or two WTO spats this year, the attorneys said.

Behrouz Mokhtari of McLean, Virginia, and Tehran pleaded guilty Jan. 9 to two conspiracies to violate U.S. sanctions on Iran "by engaging in business activities on behalf of Iranian entities" without getting a license from the Treasury Department's Office of Foreign Assets Control, DOJ announced Jan. 9. Mokhtari will forfeit money, property and assets obtained from the schemes, including a Campbell, California, home, and a money judgment of over $2.8 million, DOJ said. The defendant faces a maximum of five years in prison for each of the two conspiracy counts.

Electronics distribution company Broad Tech System and its president and owner, Tao Jiang of Riverside, California, pleaded guilty Jan. 11 to participating in a conspiracy to illegally ship chemicals made or distributed by a Rhode Island-based company to a Chinese firm with ties to the Chinese military, the U.S. Attorney's Office for the District of Rhode Island announced. Jiang and Broad Tech admitted to violating the Export Control Act and conspiring to commit money laundering.

Switzerland and India have reached an agreement on a free trade deal, Swiss Economy Minister Guy Parmelin announced on X, formerly Twitter. Parmelin said the two countries achieved "solutions to the main open issues of" the deal, which the two sides have been negotiating for years. "After 16 years of negotiations, we have reached agreement on the basic principles of" a deal he said, according to an unofficial translation. "So that this can be signed as soon as possible, our teams are working hard to clarify the last outstanding details."

India and the U.S. should aim for "economically meaningful outcomes" from better customs and trade facilitation, supply chain linkages, trade in high-tech products and trade in critical minerals between the two countries, India's commerce minister and U.S. Trade Representative Katherine Tai said in a joint statement.

USDA is accepting applications from exporters for its upcoming trade mission to India, the agency's Foreign Agricultural Service said this week. The April 22-25 trade mission will feature meetings with Indian importers, market briefings on the region, “relevant” site visits in New Delhi and opportunities to speak with USDA officials.

India altered its import policy regarding threaded screws traded under Indian tariff schedule codes 73181110, 73181190, 73181200, 73181300, 73181400, 73181500 and 73181900, the Director General of Foreign Trade announced. The import policy was changed from "Free" to "Prohibited," though the goods will be allowed to enter India if their cost, insurance and freight values are above approximately $1.55 per kg.

India extended its free import policy for urad beans and tur/pigeon peas for another year, the Directorate General of Foreign Trade announced. The import policy will now run until March 31, 2025, and specifically applies to urad of Indian Tariff Code (Harmonized System) 07133110 and tur/pigeon peas of ITC(HS) 07136000.