NEW YORK--(BUSINESS WIRE)--Evan G. Greenberg, Chairman and Chief Executive Officer of ACE Limited, today provided the following statement regarding the Obama Administration’s announcement that the U.S. and Korean governments have resolved outstanding issues related to the U.S.-Korea Free Trade Agreement (FTA).
“I commend the efforts of the U.S. and Korean negotiators in reaching today’s significant milestone. While work remains to secure Congressional support for the agreement, today’s announcement represents an important step in strengthening the economies of our two countries. The FTA will reinforce America’s ties not only with South Korea but throughout Asia, produce significant potential economic benefits and create good-paying jobs here in the United States. ACE will continue to work with the Obama Administration and Congress to demonstrate the benefits of the agreement and seek legislative approval.”
Celebrating 25 years of insuring progress, the ACE Group is a leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com.
Contact:
The ACE Group
Stephen Wasdick, 212-827-4444
stephen.wasdick@acegroup.com