MetLife To Support Agreement After Analyzing Text Of Trans-Pacific Partnership

(RTTNews) - Insurer MetLife Inc. (MET) said that after analyzing the text of the Trans Pacific Partnership or TPP, a free trade agreement among 12 nations of the Pacific Rim, it will support the agreement and seek congressional support for its ratification.

Steven Kandarian, chairman, president and CEO of MetLife, said in a statement, "As one of the largest life insurers in the world with operations in nearly 50 countries, MetLife has four key priorities in assessing any trade deal: improved market access, a level competitive playing field, ease of cross-border data flows, and regulatory transparency. The TPP makes meaningful progress on all of them."

MetLife expressed confidence that ratification of the TPP will lead to faster economic growth, greater choice and lower costs for consumers in the markets where it does business, and more high-paying jobs in the U.S.

MetLife has operations in eight of the 12 countries represented in the TPP -Australia, Chile, Japan, Malaysia, Mexico, Vietnam, Singapore and the United States.