UPS Applauds Administration on Engaging in New Services Trade Deal

Tue Jan 15, 2013 2:57pm EST

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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130115:nBw156610a

International Trade Agreement on Services Would Enhance Trade Facilitation,
Improve Market Access
WASHINGTON--(Business Wire)--
UPS (NYSE:UPS) strongly supports the implementation of an international services
agreement (ISA) that will open new trading opportunities to businesses large and
small. We commend the Obama Administration for providing formal notification to
the U.S. Congress of the intention of the United States to enter into the
current negotiations that are taking place in Geneva. 

The ISA negotiations are among a group of 21 trading partners, who represent
nearly two-thirds of global trade in services, with the objective of promoting
international trade in services and supporting increased U.S. service exports
and jobs. 

"The American services sector generates more than 75 percent of national
economic output and provides 80 percent of the jobs in the country, making it
imperative that the U.S. government support commercially meaningful trade
agreements that allow U.S. companies to compete on a level playing field in the
world marketplace," said Dan Brutto, UPS International President. "At this
critical point in the global economic recovery, it is essential that the U.S.
continue to be a leader in trade negotiations." 

Brutto added, "Services are the lifeblood of our economy and of global commerce
- the indispensable enabler of everything from trade in agriculture and
manufacturing to the development and sale of high-tech products. If you want to
make it, move it, buy it, or sell it, you need services - professional,
financial, retail services and, of course, the delivery and logistics services
to get products to market." 

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.

UPS
Kara Ross, 202-675-1725
karaross@ups.com



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