Statement by Mike Tierney, President of UPS Canada, on the Proposed
Canada-South Korea Free Trade Agreement.
MISSISSAUGA, ON, March 13, 2014 /CNW/ - 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.
SOURCE: UPS Canada Ltd.
For further information:
APEX Public Relations
Robyn van Teunenbroek
T: (905) 676-1708