Aflac Lauds Important Bipartisan Step Toward Achieving Historic Trans-Pacific Partnership

Staff Report From Columbus CEO

Tuesday, June 30th, 2015

Aflac, the leading provider of voluntary insurance at the work site in the United States, welcomes the approval by the Congress and President Obama's signing of the Congressional Trade Priorities and Accountability Act of 2015 (TPA). The TPA represents an important step toward completion of a historic Trans-Pacific Partnership (TPP) among the U.S., Japan, and 10 other Asian and Latin American economies as well as open, rules-based trade in the Asia-Pacific region.

As a leading international insurance provider with more than 37 million policies and riders in force in the Asia-Pacific region as of December 31, 2014, Aflac urges the trade ministers for the TPP governments to move quickly to resolve the outstanding issues and finalize a TPP Agreement.

The TPP represents an unparalleled opportunity to boost U.S. exports and increase jobs, expand trade and economic prosperity around the Asia-Pacific, and further strengthen the vital economic and security alliance between the United States and Japan. The agreement can bring together the United States and Japan, the world's first- and third-largest economies, as well as other economies of Asia and Latin America, in a single free trade zone.   

Aflac applauds President Barack Obama, House Speaker John Boehner (R-OH), Senate Majority Leader Mitch McConnell (R-KY), Senate Finance Committee Chairman Orrin Hatch (R-UT), Ranking Member Ron Wyden (D-OR), House Majority Leader Kevin McCarthy (R-CA), House Ways and Means Chairman Paul Ryan (R-WI), and all of the Senators and Members of Congress, Republican and Democratic alike, whose leadership and support helped make the Congressional Trade Priorities and Accountability Act of 2015 a reality. TPA shows that Members of Congress from both sides of the aisle can come together to advance a major priority for the United States.