July 24, 2012
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Washington, October 21, 2011
Long-Awaited Signing Will Give Economy A Needed Boost
UPS (NYSE: UPS) has long supported approval of the free trade agreements with South Korea, Colombia and Panama as a growth mechanism for the United States. The bipartisan effort that led to enactment of these agreements today demonstrates that government leaders can compromise to boost the U.S. economy.
"Robust trade will create new opportunities for American businesses to grow and add employees," said UPS Chairman and CEO Scott Davis. "As a member of the President's Export Council and leader of a business that works with companies of all sizes, I have seen firsthand how expanding the marketplace and increasing American exports will help the U.S. economy to grow and our businesses to thrive.
"These trade agreements are a major step forward since 95 percent of the world's consumers now live outside the U.S.," Davis continued. "But we must continue to make progress on other fronts such as transportation infrastructure investment, corporate tax reform and continued trade facilitation to ensure the U.S. remains competitive in the global marketplace."
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