Contact: Benjamin Tomchik
AIA APPLAUDS MEXICO INVITATION TO JOIN TPP
WASHINGTON, D.C., June 19, 2012 – David F. Snyder, vice president and associate general counsel at the American Insurance Association (AIA), issued a statement on Mexico’s invitation to join the Trans-Pacific Partnership (TPP). This proposed agreement will seek to promote and enhance trade and economic growth with member nations.
Mr. Snyder's statement follows:
“We are pleased a formal invitation will be extended to Mexico to participate in these negotiations. As one of the United States' largest export markets, Mexico will serve as a valued partner around the negotiating table. AIA had previously advocated the addition of Mexico, and remains actively engaged in this dialogue.
“AIA strongly supports the TPP as the best initiative to open markets and reduce barriers to international trade in insurance, since approval of the Korea, Colombia and Panama Free Trade Agreements. AIA will continue its efforts to urge the USTR and the administration to press for similarly high standards for insurance market liberalization like those achieved in the Korea FTA.”
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The American Insurance Association (AIA) is the leading property-casualty insurance trade organization, representing approximately 300 insurers that write more than $100 billion in premiums each year. AIA member companies offer all types of property - casualty insurance, including personal and commercial auto insurance, commercial property and liability coverage for small businesses, workers' compensation, homeowners' insurance, medical malpractice coverage, and product liability insurance.