What are Chinas GATS commitments in the insurance sector?
In signing the General Agreements on Trade in Services (GATS), China agreed to a wide range of market opening measures, effective in some cases from the accession date or spread over a maximum five-year period. These commitments mostly concern foreign companies establishing a commercial presence to provide services in China, referred to as “commercial presence”, though there are also some important changes being undertaken concerning services supplied from one country to another, namely “cross border supply.
