Improvements in Customs Capabilities Provide Substantial Benefits to Countries
UPS® (NYSE:UPS), a leading global logistics provider and advocate for global trade, applauds the Global Express Association for commissioning an economic study, "Express Delivery and Trade Facilitation: Impacts on the Global Economy," and the work of Frontier Economics to show the strong correlation between increases in trade and the evolution of express delivery supply chains.
"The study demonstrates the power of customs modernization in driving trade for developed and developing countries alike, and the role of express delivery providers in facilitating that trade for small, medium and large companies," said Laura Lane, president of UPS Global Public Affairs. "UPS will continue to help all of our customers, no matter their size or global reach, take advantage of export opportunities around the globe, while at the same time helping to drive economic development, market growth and job creation."
The study also made the following key findings:
UPS® (NYSE:UPS), a leading global logistics provider and advocate for global trade, applauds the Global Express Association for commissioning an economic study, "Express Delivery and Trade Facilitation: Impacts on the Global Economy," and the work of Frontier Economics to show the strong correlation between increases in trade and the evolution of express delivery supply chains.
"The study demonstrates the power of customs modernization in driving trade for developed and developing countries alike, and the role of express delivery providers in facilitating that trade for small, medium and large companies," said Laura Lane, president of UPS Global Public Affairs. "UPS will continue to help all of our customers, no matter their size or global reach, take advantage of export opportunities around the globe, while at the same time helping to drive economic development, market growth and job creation."
The study also made the following key findings:
- Despite the global financial crisis, international express delivery volumes have grown on average by 7% over the past five years.
- Improvements in customs capabilities are strongly linked to enhanced trade flows to and from any given country.
- Express delivery is an important factor to unlock the benefits of trade brought by customs capability improvements.