UPS applauds positive movement of free trade agreements

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Updated Oct 5, 2011

UPS on Tuesday, Oct. 4, applauded congressional leadership and the Obama administration for reaching a compromise and moving to pass the pending free trade agreements with Colombia, Panama and South Korea.

UPS says the administration’s presentation of the free trade agreements to Congress this week is a positive sign that the president and congressional leadership have reached a compromise that will allow shippers to realize the many benefits of international free trade. The Atlanta-based company applauded national leaders for overcoming the impasse on the trade agreements and taking a critical step toward doubling American exports by 2015.

“I am encouraged that both the president and congressional leaders have reached a compromise,” says Scott Davis, UPS’s chairman and chief executive officer and a member of the President’s Export Council. “By giving American businesses greater access to the 95 percent of consumers who live outside the United States, these agreements will increase exports and create jobs at home.”