Washington, D.C., (October 5, 2015) — The American Council of Life Insurers (ACLI) commends the White House, Ambassador Michael Froman and his team at the United States Trade Representative office for their leadership and hard work to conclude the Trans-Pacific Partnership (TPP) negotiations.
“Trade agreements support American businesses and workers,” said ACLI Chief Operating Officer Larry Burton. “A strong global marketplace is critical to the health of our industry and to economic development. The TPP could help expand U.S. economic ties with many nations. We look forward to reviewing the final TPP text.”
International trade currently supports more than one in five American jobs. Expanding U.S. economic ties with nations around the world is essential to selling more American products and services in the global marketplace. TPP could help the overall insurance industry surpass its goal of contributing $200 billion dollars to U.S. exports by the end of the decade.
The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with approximately 300 member companies operating in the United States and abroad. ACLI advocates in federal, state, and international forums for public policy that supports the industry marketplace and the 75 million American families that rely on life insurers’ products for financial and retirement security. ACLI members offer life insurance, annuities, retirement plans, long-term care and disability income insurance, and reinsurance, representing more than 90 percent of industry assets and premiums. Learn more at www.acli.com.