Aflac Lauds Important Bipartisan Step Toward Achieving Historic Trans-Pacific Partnership
COLUMBUS, Ga., June 29, 2015 /PRNewswire/ -- 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.
About Aflac
When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For nearly six decades, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the leading provider of voluntary insurance at the work site. Through its trailblazing One Day PaySM initiative, Aflac U.S. can receive, process, approve and disburse payment for eligible claims in one business day. In Japan, Aflac is a leading provider of medical and cancer insurance and insures 1 in 4 households. Aflac individual and group insurance products help provide protection to more than 50 million people worldwide. For nine consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies. In 2015, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 17th consecutive year. Also, in 2015, Fortune magazine included Aflac on its list of Most Admired Companies for the 14th time, ranking the company No. 1 in innovation for the insurance, life and health category. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac and One Day PaySM, visit aflac.com or espanol.aflac.com.
Media contact – Jon Sullivan, 706.763.4813 or [email protected]
Analyst and investor contact – Robin Y. Wilkey, 706.596.3264 or 800.235.2667, FAX: 706.324.6330, or [email protected]
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SOURCE Aflac
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