UPS Supports USMCA’s High-Standard Rules And Fair Competition For All Businesses

US 07/01/20

Washington, DC

Trade Pact will grow the North American economy by creating a more just, fair and inclusive marketplace

UPS® (NYSE: UPS), a global logistics provider and leading advocate for global trade, applauds the United States, México and Canada on the entry into force of a modernized U.S.-Mexico-Canada Agreement (USMCA), a trade pact that is vital to all three economies. 

“The U.S.-Mexico-Canada agreement will take time, cost and complexity out of trade at a time when we need to be helping our economies rebound from the pandemic,” said Laura Lane, President of UPS Global Public Affairs. “With provisions that open markets for small and medium sized businesses, spur the growth of e-commerce, and support additional jobs for workers in all three economies, the enactment of this pact is timely.”

“This trilateral deal is particularly noteworthy given the modernizing provisions it includes that prohibit trade discrimination on the basis of gender and that safeguard cross-border data flows while also addressing new cybersecurity challenges,” Lane added.

UPS has been a vocal supporter of trade and has been working to ensure enactment of a USMCA that reflects the 21st-century via updated rules, particularly those that modernize customs and border procedures. We look forward to continuing to work in partnership with the public and private sectors to make the agreement a success, so that all three economies can continue 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 transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. UPS is committed to operating more sustainably – for customers, the environment and the communities we serve around the world. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. UPS was awarded America’s Best Customer Service company for Shipping and Delivery services by Newsweek magazine; Fortune magazine’s Most Valuable Brand in Transportation; and top rankings on the JUST 100 list for social responsibility, the Dow Jones Sustainability World Index, and the Harris Poll Reputation Quotient, among other prestigious rankings and awards. The company can be found on the web at ups.com  or pressroom.ups.com  and its corporate blog can be found at ups.com/longitudes The company’s sustainability eNewsletter, UPS Horizons, can be found at ups.com/sustainabilitynewsletter . Learn more about our sustainability efforts at ups.com/sustainability . To get UPS news direct, follow @UPS_News on Twitter. To ship with UPS, visit ups.com/ship.

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