Industry Letter on TBT Notification of CIRC Tech Regulations

The USCBC and other trade associations have reviewed China’s April 19, 2016 notification G/TBT/N/CHN/1172 to the Committee on Technical Barriers to Trade of the World Trade Organization on the Provisions on Insurance System Informatization (the “Provisions”). We appreciate that this has been submitted in accordance with China’s commitments to the World Trade Organization (WTO) and China’s recognition that the potential technical barriers to trade present in the Provisions warrant notification to the TBT Committee for comment. We also recognize that the China Insurance Regulatory Commission (CIRC) has made some changes from the original version released for comment domestically in the fall of 2015.

Unfortunately, the members of our associations believe that the current draft still does not address international industries’ primary concerns and respectfully present these concerns.