Washington, D.C. (PRWEB) December 9, 2004
In a statement released today, associations representing insurance companies from a number of countries around the world collectively agreed that Japan must develop laws for privatizing the Japan Post which will put all competitors, domestic and foreign, on an Âequal footingÂ in the Japanese market.
The international coalition urged that until the successor to the postal insurance giant Kampo operates under the same rules as those that are applied to its private sector competitors, it should maintain a standstill on new and modified products.
ÂWe hope that the Japanese government will consult with global industry in the coming weeks and months as policies are developed. When conditions are equal for all competitors, consumers will benefit,Â said Norman Sorensen Chairman of the Coalition of Service Industries (CSI). ÂOur collective experiences and wealth of information can be very beneficial to the entire policy making process. We look forward to working closely with the Japanese Government to ensure a level playing field for all market participants.Â
For the full text of the 'Joint Statement on Japanese Postal Privatization' please follow the link below.
The U.S. service sector accounts for about 80 percent of GDP and 80 percent of US non-farm employment. It accounts for exports of $307 billion, with an export surplus of $51 billion. The U.S. export far more business, professional and other private services that we import Â we sell far more of our services to foreigners than we outsource to them. The U.S. is the worldÂs most competitive services exporter.
Contact: Ekrem Sarper
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