UPS CEO stumps for free trade
UPS CEO Scott Davis told the US Chamber of Commerce in Washington, on 26 February that the US and its trading partners would be making a huge mistake if they responded to the recession by adopting protectionist measures to restrict free trade.
UPS CEO Scott Davis told the US Chamber of Commerce in Washington, on 26 February, that the US and its trading partners would be making a huge mistake if they responded to the recession by adopting protectionist measures to restrict free trade.
“The need to support global trade grows more urgent by the day,” Davis said. “Global trade is one of the most important tools we have to help lift us out of the financial crisis. No argument against free trade can justify the negative impact to economic and human development.”
Davis said perception and reality often are at odds in the global trade debate. He sees a need to take on long-standing arguments surrounding the impact of global trade on US jobs. While there is a growing perception, especially in the US, that globalisation and free trade are siphoning jobs to other countries; Davis said government statistics indicate otherwise.
