UPS have announced their support for a trade pact agreement between the United States of America, Mexico and Canada (USMCA) that will be vital to the North American economy due to it being fairer and a more inclusive marketplace. Right now fair competition is vital for all businesses and this trade pact will give small & medium-sized businesses a better opportunity to grow and thrive.
“The U.S.-Mexico-Canada agreement will take time, cost and complexity out of trade at a time when we need to be helping our economies rebound from the pandemic, With provisions that open markets for small and medium sized businesses, spur the growth of e-commerce, and support additional jobs for workers in all three economies, the enactment of this pact is timely.”
– Laura Lane, President of UPS Global Public Affairs
According to Laura this agreement between the three economies is particularly noteworthy due to its modern provisions that forbid trade discrimination on the basis of gender and that safeguard cross-border data flows while also addressing new cybersecurity challenges, it’s a truly revolutionary trade agreement for a less discriminatory and more open future.
UPS has been a vocal supporter of trade and has been working to ensure enactment of a USMCA that reflects the 21st-century via updated rules, particularly those that modernize customs and border procedures. We look forward to continuing to work in partnership with the public and private sectors to make the agreement a success, so that all three economies can continue to benefit from the economic growth and jobs that it will spur.
