WASHINGTON–The American Insurance Association is voicing concern about the collapse of the latest World Trade Organization global trade talks, warning that if they ultimately fail, “a huge opportunity could be lost.”

The suspension of the discussions led Sen. Charles Grassley, R-Iowa, chairman of the Senate Finance Committee, which has jurisdiction over international trade, to express “disappointment” over the apparent failure of negotiations. He also urged that efforts continue to help restart the talks.

David Snyder, vice president and assistant general counsel at the AIA, said in a statement that “a huge opportunity could be lost” if the Doha development round is not resuscitated.

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