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TheStreet Open House

UPS Applauds Administration On Launching Talks On A Comprehensive Transatlantic Trade And Investment Partnership

Stocks in this article: UPS

UPS (NYSE: UPS) today commended President Obama on announcing in his State of the Union address the launch of talks regarding a comprehensive Transatlantic Trade and Investment Partnership with the European Union. A transatlantic partnership would open up new dynamic trade opportunities for small, medium, and large enterprises on both sides of the Atlantic, while boosting U.S. exports and creating new U.S. jobs. Additionally, the President’s commitment to conclude the 2013 Trans-Pacific Partnership negotiations will be equally significant in unleashing economic growth through trade and it will send a strong message of confidence to the global economy and markets.

“UPS sees strengthening and deepening the U.S.-EU trade relationship as a cornerstone of our own success,” said Scott Davis, UPS Chairman and CEO. “A stronger partnership in trade between the U.S. and the EU will bring tremendous benefits for U.S. and European exporters alike. UPS is excited about the possibilities of what a U.S.-EU free trade agreement means to our customers and how it will improve the position of our economies.”

The U.S. and the 27 European Union member states share a common outlook and a similar determination to maintain open markets and benefit from liberalized services trade regimes. As the world’s largest economic relationship, it accounted for $4.5 trillion in investment and trade in 2011. U.S.-EU services trade accounted for $300 billion, one-third of total U.S. services trade, and nearly 10 percent of all world services trade. At this critical point in the global economic recovery, it is essential that the U.S. and EU continue to lead in setting the most modern rules of trade for global markets.

UPS, as the world's largest package delivery company, has long been committed to breaking down barriers and encouraging the economic growth and jobs that come with increased trade.

UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at UPS.com and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.

Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, our competitive environment, increased security requirements, strikes, work stoppages and slowdowns, changes in energy prices, governmental regulations and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.

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