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FedEx Lauds Start of U.S. – EU Transatlantic Trade and Investment Partnership Negotiations

  FedEx Lauds Start of U.S. – EU Transatlantic Trade and Investment
  Partnership Negotiations

  TTIP Negotiations an Opportunity for Economic Efficiencies and Leadership

Business Wire

MEMPHIS, Tenn. -- July 8, 2013

As a connector of economies around the globe, FedEx Express, a subsidiary of
FedEx Corp. (NYSE: FDX) and the world’s largest express transportation
company, applauds the start of U.S. – EU Transatlantic Trade and Investment
Partnership (TTIP) negotiations this week in Washington, D.C., emphasizing the
opportunity for leadership and economic efficiencies.

“Connecting the U.S. and the EU is a large and important component of FedEx
business, and we look forward to the TTIP facilitating trade and advancing our
continued expansion and innovation in the services we offer our customers on
both sides of the Atlantic,” said Mike Ducker, chief operating officer &
president, International, FedEx Express. “An ambitious, high-standard TTIP
covering such a large proportion of global economic output will break down
trade barriers and create alignment between the U.S. and EU on 21^st century
trade issues. The U.S. and EU must seize this moment to capitalize to the
fullest on this global leadership opportunity, as the rewards will be
enormous.”

The value of trade in goods and services between the U.S. and EU already
accounts for close to $1 trillion each year, and together the economies
account for approximately half of global economic output. Connecting 95% of
world’s economies within 72 hours, FedEx is experienced in the movement of
goods across borders and recognizes the economic efficiencies that can result
from this agreement.

This is a primary consideration as products are increasingly manufactured with
components from several countries before export to other countries, with the
cost of goods moving across borders often affecting the cost of the final
product multiple times during product development.

Today, 60% of world trade is made up of components that are part of the global
supply chain.

“We encourage the TTIP negotiators to adopt and implement best practices to
better facilitate trade and harmonize regulations affecting international
commerce, including air cargo security regulations in particular,” Ducker
said. “They should also ensure unfettered market access and open and fair
competition among delivery service providers, which will help the U.S. and EU
achieve economic efficiencies for businesses and customers alike.”

The express delivery service provided by FedEx enables customers to realize
the efficiencies of “just-in-time” delivery strategies, reduces amounts of
capital tied up in nonproductive inventory stockpiles, and maximizes the
potential of global value chains.

About FedEx Express

FedEx Express is the world’s largest express transportation company, providing
fast and reliable delivery to more than 220 countries and territories. FedEx
Express uses a global air and ground network to speed delivery of
time-sensitive shipments, by a definite time and date with a money-back
guarantee.

About FedEx

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a
broad portfolio of transportation, e-commerce and business services. With
annual revenues of $44 billion, the company offers integrated business
applications through operating companies competing collectively and managed
collaboratively, under the respected FedEx brand. Consistently ranked among
the world's most admired and trusted employers, FedEx inspires its more than
300,000 team members to remain "absolutely, positively" focused on safety, the
highest ethical and professional standards and the needs of their customers
and communities. For more information, visit news.fedex.com.

Contact:

FedEx Corp.
Maury Donahue, 901-409-4229
maury.donahue@fedex.com