UTC Applauds U.S. Trade Agreement With Korea

Dec 03, 2010, 19:26 ET from United Technologies Corp.

HARTFORD, Conn., Dec. 3, 2010 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX) Chairman & Chief Executive Officer Louis Chenevert made the following statement today upon announcement of a free trade agreement between the United States and Korea.

"Today's news regarding a final U.S.-Korea Free Trade Agreement is a positive development for the U.S. economy. U.S. exports and international trade are powerful generators of economic growth and can help spur economic recovery in the United States," Chenevert said.

"UTC applauds the Obama Administration's persistence in negotiating a fair trade agreement that benefits U.S. companies and their workers. UTC will work hard to ensure that Congress adopts legislation necessary for implementing the agreement as expeditiously as possible."

"I am hopeful that this agreement will provide momentum for further action on the outstanding free trade agreements with Colombia and Panama and lead to further U.S. trade agreements that will knock down barriers to U.S. exports in other key foreign markets."

United Technologies, based in Hartford, Conn., is a diversified company that provides high technology products and services to the building and aerospace industries.


John Moran, UTC

(860) 728-7062


SOURCE United Technologies Corp.