Washington Post Publisher Will Lewis Steps Down After Layoffs 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
ATLANTA, Feb. 03, 2016 -- UPS (NYSE: UPS), a global logistics provider and leading advocate for global trade, commends the 12 nations who have come together to sign the Trans-Pacific Partnership (TPP), a pact that is vital to the U.S. economy, supporting global growth and job creation. This action brings the agreement one step closer to the ratification and implementation stage.
“TPP will set the rules of global trade in the 21st century and presents economic growth opportunities for our business and our customers,” said David Abney, CEO of UPS. “TPP is a historic agreement that represents real market opportunities for American companies, workers, and consumers.”
The World Bank estimates TPP will raise GDP by an average of 1.1 percent for the 12 member countries by 2030, with exports projected to rise more than 10 percent on average across the region. The agreement cuts burdensome customs red tape, encourages good regulatory practices, promotes transparency, and addresses discriminatory practices between state-owned and state-supported entities that compete with the private sector.
“TPP will help UPS customers across multiple sectors by bringing down tariffs, accelerating the release of goods through customs, and particularly support the participation of small businesses in regional and global supply chains,” Abney continued.
UPS has been a vocal supporter of the TPP; and as the U.S. Congress and each of the TPP nations assess the provisions of the agreement, we look forward to highlighting the specific ways businesses, particularly small and medium-sized businesses, can capture new export opportunities.
UPS urges the U.S. Congress in the coming months and after a full review to vote to approve the agreement so that American companies can begin to benefit from the economic growth and jobs that it will spur.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of 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 Longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
Kara Ross 202-675-1725 [email protected]
