MetLife Applauds Passage of TPA Legislation
June 24 2015 - 5:04PM
Business Wire
MetLife, Inc. (NYSE:MET) applauds action by both the House and
the Senate to renew Trade Promotion Authority (TPA)
legislation.
The final congressional approval of TPA provides a path forward
for the pending Trans Pacific Partnership (TPP), which is critical
to U.S. companies doing business in the Asia-Pacific region. The
trade agreements facilitated by TPA will encourage access to the
financial protection and other life insurance products that are in
growing demand globally.
“Passage of TPA equips our nation’s trade negotiators and
Congress to collaborate on trade agreements that will ensure U.S.
companies can compete on a level playing field in markets around
the world,” said MetLife Chairman, President and CEO Steven A.
Kandarian. “I congratulate Congress for taking this important step,
which will help U.S. companies grow in an increasingly global
economy.”
International trade agreements, including the TPP, are essential
to fostering the growth of service industries, including financial
services. Service industries account for more than 75 percent of
employment in the U.S. and more than 70 percent of the nation’s
economic output, according to the Coalition of Services
Industries.
About MetLife
MetLife, Inc. (NYSE:MET), through its subsidiaries and
affiliates (“MetLife”), is one of the largest life insurance
companies in the world. Founded in 1868, MetLife is a global
provider of life insurance, annuities, employee benefits and asset
management. Serving approximately 100 million customers, MetLife
has operations in nearly 50 countries and holds leading market
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information, visit
www.metlife.com.
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MetLife, Inc.Christopher Stern, 202-974-5477
MetLife (NYSE:MET)
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