International Trade Daily™ provides rapid, reliable notification of the most significant developments affecting U.S. trade and international business policy, as well as the policies of major U.S....
June 6 — Proposed Chinese requirements for insurance companies to purchase secure and controllable computer hardware and equipment pose concerns for U.S. companies doing business in China, U.S. trade officials said.
The U.S. questioned whether the new procurement policy requires insurance companies in China to use “indigenous or local” computer hardware and equipment, according to a World Trade Organization (WTO) document that is dated June 2 but was made public June 6.
The U.S. said it was also concerned that the regulation would force companies to purchase “indigenous encryption technology” that might be incompatible with other international insurance systems.
“The draft provisions on ‘Insurance System Informatization’ have elicited a great deal of concern from international stakeholders,” the U.S. document said. “Can China please confirm that China is not planning to move forward quickly with any such draft?”
The U.S. questioned the regulations in the context of the WTO Agreement on Trade-Related Investment Measures (TRIMS), which prohibits WTO countries from imposing rules that discriminate against foreign products or lead to quantitative restrictions.
The China Insurance Regulatory Commission indicated it would impose the Insurance System Informatization measure in an April 19 WTO Committee on Technical Barriers to Trade notification.
China is expected to address the issue at the TRIMS Council meeting scheduled to be held June 7 at the WTO's headquarters in Geneva.
Last year the U.S. criticized China for a set of domestic technology procurement requirements for its commercial banking sector that China said was aimed at improving the cybersecurity for the sector (82 ITD, 4/29/15).
To contact the reporter on this story: Bryce Baschuk in Geneva at firstname.lastname@example.org
To contact the editor responsible for this story: Jerome Ashton at email@example.com
The WTO document is available at http://src.bna.com/fDT.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)