UPS CEO Scott Davis applauds passage, enactment of South Korea, Columbia and Panama trade agreements, calls for progress in transportation infrastructure investment, corporate tax reform

WASHINGTON , October 21, 2011 (press release) –
UPS (NYSE:UPS - News) 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.”

UPS (NYSE:UPS - News) 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.

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