Supply Chain News

UPS Comments on State of the Union Address

Transatlantic partnership between U.S. and the EU would expand world's largest economic relationship, creating jobs and boosting economic growth.

February 13, 2013
/ Print / Reprints /
/ Text Size+

UPS commended President Obama on announcing in his 2013 State of the Union address the launch of talks regarding a comprehensive Transatlantic Trade and Investment Partnership with the European Union.

According to a statement from the parcel delivery company, a transatlantic partnership would open up “new dynamic trade opportunities” for small, medium, and large enterprises on both sides of the Atlantic, while “boosting U.S. exports and creating new U.S. jobs.”

Additionally, the President's commitment to conclude the 2013 Trans-Pacific Partnership negotiations will be “equally significant” in unleashing economic growth through trade and it will “send a strong message of confidence” to the global economy and markets.

"UPS sees strengthening and deepening the U.S.-EU trade relationship as a cornerstone of our own success," said Scott Davis, UPS Chairman and CEO. "A stronger partnership in trade between the U.S. and the EU will bring tremendous benefits for U.S. and European exporters alike. UPS is excited about the possibilities of what a U.S.-EU free trade agreement means to our customers and how it will improve the position of our economies."

The U.S. and the 27 European Union member states share a common outlook and a similar determination to maintain open markets and benefit from liberalized services trade regimes. As the world's largest economic relationship, it accounted for $4.5 trillion in investment and trade in 2011.

U.S.-EU services trade accounted for $300 billion, one-third of total U.S. services trade, and nearly 10 percent of all world services trade. At this critical point in the global economic recovery, it is essential that the U.S. and EU continue to lead in setting the most modern rules of trade for global markets.

You must login or register in order to post a comment.



Image Galleries

Five Wearable Manufacturing Technologies of the Future

Video applications, Employee Monitoring, Field service, Plant monitoring, Improving employee safety.

For more manufacturing insights, visit



Assurance of Supply: A Top Concern for Manufacturers

Every manufacturer has an assurance of supply problem to some extent due to the complexity of global sourcing. For years, manufacturers were blessed with high margins but margins have grown paper thin. You can’t fill up your distribution centers with excess inventory – not only is there a cost factor but the pace of business and consumer buying trends causes goods to quickly turn obsolete. Assurance of supply provides the speed and agility that is essential to being able to compete in today’s market.


Speaker info: Diane Palmquist, VP Manufacturing Industry Solutions


More Podcasts

World Trade 100 Magazine

wt100 cover december 2014

2014 December

Check out the December 2014 edition of World Trade WT100, featuring our cover story on Air Cargo, The Alliance Awards, plus much more!

Table Of Contents Subscribe

Transportation Capacity

As peak season has gotten underway, what is your experience with transportation capacity?
View Results Poll Archive


World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Use our interactive maps to locate service providers across North America.Interactive Map

Logistics Development Partners 

IWLA Members