“Dear Ambassador Lighthizer, Secretaries Ross, Tillerson and Mnuchin and Director Cohn:
As the nation’s largest business organizations—representing companies of every size, sector, and state in the union—we write to affirm the critical importance we ascribe to retaining strong investment protections and investor-state dispute settlement (ISDS) in the negotiations to modernize the North American Free Trade Agreement (NAFTA). For decades, U.S. trade and investment agreements have provided for neutral arbitration to resolve investment disputes. These ISDS procedures ensure that other countries treat U.S. investors fairly, do not seize their property without compensation, and do not impose “forced localization” requirements that compel jobs to be shipped overseas.”
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MetLife, Inc. is a leading global provider of insurance, annuities, employee benefits and asset management, serving approximately 100 million customers and more than 90 of the top one hundred FORTUNE 500® companies. MetLife has operations in 44 countries and holds leading market positions in the United States, Latin America, Asia, Europe and the Middle East.
Founded in 1868, MetLife continues to build upon its long history of serving our customers by launching new and innovative products, expanding its role as a leader, and continuing to provide high quality financial solutions that are backed by a trusted, well-recognized brand name and strong financial performance.
International growth is critical to our company’s future success.
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The following is an excerpt from the letter addressed to President Trump.
“Americans benefit from trade and investment with Canada and Mexico in many ways. U.S. trade with these two countries supports 14 million American jobs, and the daily volume of trade between the United States and our two North American neighbors tops $3.5 billion. In addition, the significant cross-investment among the three partners supports many additional good paying jobs across closely integrated supply chains. Much of this commerce depends on NAFTA, and the forthcoming negotiations with Canada and Mexico should be conducted in a manner that recognizes our shared values as neighbors and that does not put these millions of American jobs at risk. With your support, we believe this goal is eminently achievable.”
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