NEW YORK--(BUSINESS WIRE)--Evan G. Greenberg, Chairman and Chief Executive Officer of ACE Limited, today provided the following statement regarding the passage and signing of the free trade agreements with Korea, Colombia and Panama.
“I commend the United States Congress for passing and President Obama for swiftly signing all three free trade agreements between the United States and South Korea, Colombia and Panama. These FTAs will expand commerce between the U.S. and the important, growing regions of Asia and Latin America, and signal U.S. re-engagement in global trade that should lead to additional trade pacts.
“The agreements will not only expand product and service options for consumers and businesses in all four countries, but will also create new business opportunities and good-paying jobs in these markets. We encourage and support the expeditious implementation of these agreements so that these benefits can be realized as soon as possible.”
The ACE Group is a global 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.
The ACE Group
Stephen Wasdick, 212-827-4444
stephen.wasdick@acegroup.com