The Canadian Life and Health Insurance Association (CLHIA) welcomes the announcement of a free-trade agreement (FTA) between Canada and South Korea.
“As one of Canada’s most internationally active business sectors, the life and health insurance industry is a major supporter of free-trade agreements,” says CLHIA president Frank Swedlove. “We are pleased that such an agreement has been reached with such a large and important market as Korea.”
The Canada-Korea FTA is the first of its kind with an Asian country, a region where Canadian life insurers continue to have a strong and growing presence.
The CLHIA commends the government for continuing to pursue new free-trade agreements and for identifying the Asia-Pacific region as a key market of interest in its global markets action plan.
“We are hopeful that this FTA with Korea will raise Canada’s profile and further enhance our economic ties in the region,” adds Swedlove.