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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