WASHINGTON--The American Insurance Association yesterday called for expediting the process for China to meet its World Trade Organization mandates.
With Deputy Secretary of State Robert Zoellick scheduled to testify before the House Committee on International Relations, the AIA hoped the discussion would include the topic of China's slow progress toward fulfilling the WTO requirements for insurance.
"We are increasingly impatient with the absence of more progress, particularly on insurance matters," said David Snyder, vice president and assistant general counsel for the AIA. "China is depriving its citizens of the compensation, loss reduction and infrastructure financing that insurance brings to a developing country."
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