UPS Applauds Introduction of Bipartisan Trade Promotion Authority

Discussion in 'UPS Pressroom News' started by ROBO MOD, Apr 16, 2015.

  1. ROBO MOD

    ROBO MOD I'm a Robot Staff Member

    UPS CEO David Abney Urges Quick Passage to Seize Upcoming Opportunities

    UPS® (NYSE: UPS), a global logistics provider and leading advocate for global trade, commends Chairman Orrin Hatch and Ranking Member Ron Wyden as well as Chairman Paul Ryan on the introduction of "The Bipartisan Congressional Trade Priorities and Accountability Act of 2015," Trade Promotion Authority (TPA) legislation, that will break down barriers to trade and help to open the door to new markets for consumers and businesses, large and small.

    "Trade is vital to the U.S. economy, supporting global growth and spurring job creation," said David Abney, CEO of UPS. "We thank Senators Hatch and Wyden, as well as Congressman Ryan for their leadership in crafting a bipartisan bill that will facilitate increased global commerce through comprehensive trade agreements. We strongly encourage Congress and the Administration to work together to enact this vital legislation as soon as possible."

    TPA is key to making sure Congress has an opportunity to help shape trade agreements during their negotiation and to require an up or down vote once they are negotiated.

    "With the exceptional opportunities before us, including negotiations on a Trans-Pacific Partnership Agreement, Transatlantic Trade & Investment Partnership, and Trade in Services Agreement, the legislation introduced today is more important than ever as negotiators determine the rules of trade going forward with other countries, ensuring fair competition and breaking down barriers to growth," Abney continued.

    UPS is also pleased that these leaders were able to reach bipartisan agreement on Trade Adjustment Assistance (TAA) which is an important part of U.S. trade policy enabling the American workforce to be better equipped and more competitive in the 21st century economy.