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ACLI Backs Chile, Singapore Trade Agreements

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NU Online News Service, July 25, 2003, 1:20 p.m. EDT – The American Council of Life Insurers, Washington, has issued a statement praising the U.S. House of Representatives for approving the U.S.-Singapore and U.S.-Chile Free Trade Agreements.

The House moved Wednesday to approve the agreement with Chile by a 270-156 vote and the agreement with Singapore by a 272-155 vote.

The ACLI says it worked with the American Insurance Association, Washington, to help the U.S. Trade Representative’s Office add provisions to the agreements that should help insurers enter the Chilean and Singaporean markets.

The Senate has started debating the trade agreements today.