NORTH AMERICAN INSURANCE ASSOCIATIONS REAFFIRM SUPPORT OF NAFTA


Date de parution : 01/26/2018
Personne(s)-ressource(s) : Susan Murray

The American Council of Life Insurers, American Insurance Association, Canadian Life and Health Insurance Association, Insurance Bureau of Canada, Mexican Association of Insurance Companies, Property Casualty Insurers Association of America and Reinsurance Association of America issued the following statement today on the North American Free Trade Agreement (NAFTA).

As Canada, Mexico and the United States meet in Montreal for the 6th round of negotiations, the American Council of Life Insurers, American Insurance Association, Canadian Life and Health Insurance Association, Insurance Bureau of Canada, Mexican Association of Insurance Companies, Property Casualty Insurers Association of America and Reinsurance Association of America reaffirm our strong support for NAFTA, which has benefitted the customers we serve across North America, along with our industry at large. While the first priority must be to preserve the benefits of the Agreement, we support ongoing efforts to modernize the agreement, as well. We urge the three parties to engage constructively to ensure that consumers and businesses are able to continue to benefit from NAFTA for decades to come.

NAFTA improved consumer access to innovative insurance products and bolstered competition by eliminating national ownership restrictions and establishing a non-discriminatory government procurement process. In addition, NAFTA bolstered investor confidence through investment protections and a path to resolve disputes. As negotiators conclude the sixth round, we encourage all negotiators to redouble their efforts to strengthen NAFTA while ensuring that it preserves and enhances these existing benefits.