"South Korea has the 14th largest economy in the world and the increase in trade that will come from this agreement means more jobs, more global competitiveness and an anchor for U.S. economic engagement in Asia,? said Scott Davis, UPS?s chairman and CEO and a member of the President?s Export Council. South Korea is our seventh largest trading partner and we need to protect and expand that relationship. I?m also hopeful now that we can turn immediately to completion of other pending trade agreements."  

The U.S.-South Korea Free Trade Agreement contains important provisions for the express delivery industry, including enhanced market access and improved customs clearance times that allow companies such as UPS to better serve their customers. UPS, as the world?s largest package delivery company, has long been committed to breaking down barriers and encouraging the economic growth and jobs that come with increased trade.  

"The agreement on beef, autos and other issues that the Administration announced earlier with the Republic of Korea is great news for the U.S. economy and American workers. The announced breakthroughs on some very difficult issues remove the final barriers to enactment of a U.S.-Korea Free Trade Agreement that will set the stage for a dramatic increase in trade between the United States and Korea, and spur job-creating economic growth here at home,? said Boeing CEO Jim McNerney.