The Doha Round of international trade negotiations has been a serious failure for the insurance sector, said one leading property-casualty industry representative.
David Snyder, American Insurance Association assistant vice president, told a seminar in London sponsored by the British Institute of International Comparative Law that, “instead of increasing the consensus for free trade, the Round has served to divide the developed countries, especially the U.S. and E.U.”
The Doha Round of international talks started four years ago with the aim of liberalizing global trade rules and picking up where the Uruguay Round left off when the World Trade Organization was created.
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