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, November 13, 2007
UPS (NYSE:UPS) today congratulated members of the House of Representatives for the strong bipartisan support of the U.S.-Peru Free Trade Agreement (FTA).
"The new agreement between the United States and Peru removes significant trade barriers and provides important economic opportunities for the citizens and businesses of both countries," said Alan Gershenhorn, president of UPS International. "The new trade opportunities will help increase global competitiveness for both economies."
In the past three years, U.S. commerce with Peru has doubled, totaling more than $8.8 billion in 2006. More than 5,000 U.S. companies currently export to Peru, the vast majority being small- and medium-sized companies that will benefit from the provisions within the trade agreement.
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