UPS optimistic about Asian markets

Intra-Asian trade presently going through a near-term growth

Asian exporters Brendan Canavan capacity demand high-tech industry intra-Asia UPS Asia Pacific

UPS Asia Pacific president Brendan Canavan is upbeat about Asia. According to him, intra-Asia trade was going through a near-term growth. “We are seeing Asian exporters, particularly in the high-tech industry, building stronger business relationships with their neighbours and intensifying trade within Asia to capture this growth,” he said. The share of the intra-Asia region in cargo volumes has gone up from 19 per cent to 21 per cent in 2008 and 2012 and that indicates a strong demand that could see more capacity.