ACLI Co-Authors Letter To U.S. Trade Rep

The United States should lobby for “regulatory, transparency and ‘best practices’ principles that will serve to complement and buttress commitments made in the areas of market access and national treatment,” the U.S. coalition writes in its letter.

The coalition says it’s basing its demands on a “model schedule” developed by the international Financial Leaders Working Group, a group that represents financial institutions and trade groups from Europe, the United States, Canada and Japan.

Developing countries that adopt the working group’s model schedule would end up with freer, more predictable insurance markets and more foreign competition, the U.S. coalition writes in its letter.

The coalition says the new foreign competition would help developing countries, by increasing their access to outside capital and financial services expertise.