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UPS Applauds U.S. Trade Pacts with Singapore and Chile
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Agreements Remove Trade Barriers For Large and Small Businesses Alike
WASHINGTON, D.C., July 24, 2003 – UPS (NYSE:UPS) today applauded passage
of the U.S.-Singapore and U.S.-Chile Free Trade Agreements (FTAs) in the U.S.
House of Representatives as key steps to removing trade barriers and creating
jobs.
Officially signed in May and June, the agreements open the door to expansion
of roughly US$47 billion worth of trade annually for the three nations.
“Removing restrictions to the free flow of goods, information and funds
is critical to the world’s economic health and certainly to UPS as an
enabler of global commerce,” said UPS Chairman and CEO Mike Eskew. “These
agreements will bolster business for both small and large companies alike and
in the process, create jobs.”
UPS serves as a co-chair of both the U.S.-Chile FTA Coalition and the U.S.-Singapore
FTA Business Coalition, groups representing more than 300 companies and trade
associations that have supported passage of these important trade agreements
in Congress. The Senate is expected to vote on the agreements next week.
UPS is the world’s largest package delivery company and a global leader
in supply chain services, offering an extensive range of options for synchronizing
the movement of goods, information and funds. Headquartered in Atlanta, Ga.,
UPS serves more than 200 countries and territories worldwide. UPS's stock trades
on the New York Stock Exchange (UPS) and the company can be found on the Web
at UPS.com.
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