WTO Principles on Insurance Services and the Legal Effects of Iran's Accession to It

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Abstract

Today, Iran's accession to WTO has become an undeniable necessity. A part of WTO regulation i.e. regulations of General Agreement on Trade Services (GATS) provides for general principles on insurance services in international trade, such as principle of national treatment, principle of most-favored nation, principle of accession to market, principle of transparency and principle of equitable performance of domestic regulations. Since these principles have been provided for services liberalization and our country, Iran, should change or amend insurance regulations that contrastable with WTO principles. In this article, we want to survey WTO principles on insurance services regulations and Iranian contrastable regulations on insurance services and then suitable solutions.