It is a long-established U.S. policy to promote economic growth through open financial services markets. Increased competition improves efficiency and provides consumers with the broadest range of products and services at the lowest cost. Many trading partners, though, erect barriers to keep foreign firms out of their markets.
Foreign firms have virtually unlimited access to the U.S. market.
SIA supports efforts to eliminate protectionist barriers through the World Trade Organization and will work to successfully conclude the current round of financial services negotiations. To continue meeting the credit and investment needs of issuers and investors in global markets, U.S. financial services firms must be allowed open, fair access to foreign markets. SIA's objective is to achieve substantial liberalization of financial services markets in developing and developed countries.