29-Jun-2010 8:28 AM

United and UPS welcome White House move on Korean-US free trade agreement

United Airlines and UPS separately applauded (28-Jun-2010) the Obama Administration for its move to complete a bilateral free trade agreement with Korea by Nov-2010. The administration is attempting to end a three-year impasse on the agreement reached with Korea in 2007. United Airlines offer more air service to Korea than any other US carrier with daily service from San Francisco and daily connecting service over Tokyo. [more - United Airlines] [more - UPS]

UPS: "South Korea has the 14th largest economy in the world and the increase in trade that will come from this agreement means more jobs and more global competitiveness for the two countries. South Korea is our seventh largest trading partner and we need to protect and expand that relationship," Scott Davis, Chairman and CEO. Source: Company Statement, 28-Jun-2010.

United Airlines: "The Korean-US free trade agreement will significantly benefit the US economy and create US jobs, and we welcome this important initiative by the Obama Administration. At United, we have long advocated governmental action to remove barriers to international trade, and along with our Star Alliance partners including Korea-based Asiana Airlines, we provide the connections that enable people, businesses and communities to participate in an increasingly global economy," Glenn Tilton, Chairman and CEO. Source: Company Statement, 28-Jun-2010.

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