Atlanta, March 15, 2014
Statement by Mike Tierney, President of UPS Canada, on the Proposed
Canada-South Korea Free Trade Agreement.
Canada's first Free Trade Agreement with a top performing Asian
market should deliver strong future economic benefits for Canada and enhance
private sector competitiveness.
UPS Canada welcomes the proposed Free Trade Agreement (FTA) between Canada
and South Korea; a significant milestone for both countries. While Canada and
South Korea work to finalize the deal, UPS fully endorses the agreement in
principle, as it will generate new growth and export opportunities for small,
medium and large enterprises. These enterprises will have enhanced access to the
13th largest economy globally, which coupled with the recently signed Canada
Europe Trade Agreement (CETA), creates exceptional momentum to drive export
volumes over the long-term.
As one of the largest global logistics companies focused on facilitating
international trade, UPS looks forward to studying the specific details of the
agreement in the weeks ahead so as to counsel our customers on how best to
strategically capitalize on the deal. As an advocate of bilateral and
multilateral free trade, we are confident this agreement signed by Prime
Minister Harper and President Park will deliver promising new channels of trade
for both countries.
UPS is particularly pleased to see that the deal provides clear and simple
rules of origin, as well as transparent and effective origin procedures to
administer the rules without creating unnecessary barriers to trade. In
addition, the Canada/South Korean FTA includes advance rulings on origin and
tariff classifications, promotion of automated border procedures and impartial
and transparent system for addressing complaints about customs issues.
UPS commends the country's commitment to growing its trade partners -
particularly in diversifying Canadian exports to markets like South Korea. The
company looks forward to the deal being finalized and to seeing what
international opportunities will be created as a result.
APEX Public Relations
Robyn van Teunenbroek
T: (905) 676-1708
About UPS UPS (NYSE:UPS) is a global leader in logistics,
offering a broad range of solutions including transporting packages and freight;
facilitating international trade, and deploying 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.