U.S. life insurers still have a chance to benefit from World Trade Organization negotiations, despite the recent suspension of the “Doha round.”
“The talks are not dead, just suspended, and suspensions have happened before,” says Brad Smith, vice president of international relations at the American Council of Life Insurers, Washington.
Smith says he expects to see the talks resume in September.
“We’re prepared to go back to the table immediately,” Smith says.
WTO Director-General Pascal Lamy decided to suspend the Doha round of talks last week, after discussions about agricultural trade issues stalled.