Trade Pact will grow the North American economy by creating a more just, fair and inclusive marketplace
UPS® (NYSE: UPS), a global logistics provider and leading advocate for global trade, applauds the United States, México and Canada on the entry into force of a modernized U.S.-Mexico-Canada Agreement (USMCA), a trade pact that is vital to all three economies.
“The U.S.-Mexico-Canada agreement will take time, cost and complexity out of trade at a time when we need to be helping our economies rebound from the pandemic,” said Laura Lane, President of UPS Global Public Affairs. “With provisions that open markets for small and medium sized businesses, spur the growth of e-commerce, and support additional jobs for workers in all three economies, the enactment of this pact is timely.”
“This trilateral deal is particularly noteworthy given the modernizing provisions it includes that prohibit trade discrimination on the basis of gender and that safeguard cross-border data flows while also addressing new cybersecurity challenges,” Lane added.
UPS has been a vocal supporter of trade and has been working to ensure enactment of a USMCA that reflects the 21st-century via updated rules, particularly those that modernize customs and border procedures. We look forward to continuing to work in partnership with the public and private sectors to make the agreement a success, so that all three economies can continue to benefit from the economic growth and jobs that it will spur.
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.