Urges Negotiators to Work Towards a Comprehensive Agreement
UPS® (NYSE: UPS), a global logistics provider and leading advocate for global trade, looks forward to the start of the UK-U.S. trade negotiations and is hopeful for an ambitious and high-standard trade agreement to be forged.
“UPS believes that a UK-U.S. trade agreement would boost economic growth and promote job creation, particularly for small and medium-sized businesses,” said Mark Vale, Managing Director of UPS in the UK. “Aligning UK-U.S. customs procedures, and simplifying the administrative processes associated with trading across borders, will broaden the business horizons of many of the smaller companies with whom we work every day.”
“These negotiations are coming at a critical time when we need to be taking steps to stimulate both of our countries’ economic recoveries in a post COVID-19 world,” said Laura Lane, President of UPS Global Public Affairs. “Given the U.S. and UK’s leadership roles in setting high-standard terms for trade, the negotiation of this agreement represents an important opportunity to set economy-leading, 21st century rules for services, custom modernization and e-commerce.”
UPS has been a vocal supporter of free and fair trade. Globally, UPS moves 3% of the world’s GDP and its more than 480,000 employees operate in 220 countries and territories, transport more than 20 million packages and documents daily supported by the largest in-house customs brokerage operation. We fully support the U.S. and UK’s expanding trade ambitions.
UPS (NYSE: UPS), one of the world’s largest package delivery companies with 2019 revenue of $74 billion, provides a broad range of integrated logistics solutions for customers in more than 220 countries and territories. The company’s more than 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to being a steward of the environment and positively contributing to the communities we serve around the world. UPS also takes a strong and unwavering stance in support of diversity, equity and inclusion. The company can be found on the Internet at www.ups.com, with more information at www.pressroom.ups.com and www.investors.ups.com.