Statement by Mike Tierney,
President of UPS Canada, on the Proposed Canada-South Korea Free
Trade Agreement.
MISSISSAUGA, ON,
March 13, 2014 /CNW/ -
Canada's first Free Trade
Agreement with a top performing Asian market should deliver strong
future economic benefits for Canada and enhance private sector
competitiveness.
UPS Canada welcomes the
proposed Free Trade Agreement (FTA) between Canada and South
Korea; a significant milestone for both countries. While
Canada and South Korea work to finalize the deal, UPS
fully endorses the agreement in principle, as it will generate new
growth and export opportunities for small, medium and large
enterprises. These enterprises will have enhanced access to the
13th largest economy globally, which coupled with the
recently signed Canada Europe
Trade Agreement (CETA), creates exceptional momentum to drive
export volumes over the long-term.
As one of the largest global logistics companies focused on
facilitating international trade, UPS looks forward to studying the
specific details of the agreement in the weeks ahead so as to
counsel our customers on how best to strategically capitalize on
the deal. As an advocate of bilateral and multilateral free trade,
we are confident this agreement signed by Prime Minister Harper and
President Park will deliver promising new channels of trade for
both countries.
UPS is particularly pleased to see that the deal provides clear
and simple rules of origin, as well as transparent and effective
origin procedures to administer the rules without creating
unnecessary barriers to trade. In addition, the Canada/South Korean FTA includes advance
rulings on origin and tariff classifications, promotion of
automated border procedures and impartial and transparent system
for addressing complaints about customs issues.
UPS commends the country's commitment to growing its trade
partners - particularly in diversifying Canadian exports to markets
like South Korea. The company
looks forward to the deal being finalized and to seeing what
international opportunities will be created as a result.
SOURCE UPS Canada Ltd.