UPS Congratulates TPP Countries on Signing of Unprecedented Trade Deal
February 03 2016 - 5:35PM
UPS (NYSE: UPS), a global logistics provider and leading advocate
for global trade, commends the 12 nations who have come together to
sign the Trans-Pacific Partnership (TPP), a pact that is vital to
the U.S. economy, supporting global growth and job creation.
This action brings the agreement one step closer to the
ratification and implementation stage.
“TPP will set the rules of global trade in the 21st century and
presents economic growth opportunities for our business and our
customers,” said David Abney, CEO of UPS. “TPP is a historic
agreement that represents real market opportunities for American
companies, workers, and consumers.”
The World Bank estimates TPP will raise GDP by an average of 1.1
percent for the 12 member countries by 2030, with exports projected
to rise more than 10 percent on average across the region. The
agreement cuts burdensome customs red tape, encourages good
regulatory practices, promotes transparency, and addresses
discriminatory practices between state-owned and state-supported
entities that compete with the private sector.
“TPP will help UPS customers across multiple sectors by bringing
down tariffs, accelerating the release of goods through customs,
and particularly support the participation of small businesses in
regional and global supply chains,” Abney continued.
UPS has been a vocal supporter of the TPP; and as the U.S.
Congress and each of the TPP nations assess the provisions of the
agreement, we look forward to highlighting the specific ways
businesses, particularly small and medium-sized businesses, can
capture new export opportunities.
UPS urges the U.S. Congress in the coming months and after a
full review to vote to approve the agreement so that American
companies can begin to benefit from the economic growth and jobs
that it will spur.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including the transportation of packages
and freight; the facilitation of international trade, and the
deployment of advanced technology to more efficiently manage the
world of business. Headquartered in Atlanta, UPS serves more than
220 countries and territories worldwide. The company can be found
on the Web at ups.com® and its corporate blog can be found at
Longitudes.ups.com. To get UPS news direct, visit
pressroom.ups.com/RSS.
Kara Ross
202-675-1725
karaross@ups.com
United Parcel Service (NYSE:UPS)
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