Peter Petri, Non-Resident Senior Fellow, East-West Center
March 5, 2013
The vacuum left by stalled global trade negotiations is being filled by two tracks of negotiations in the Asia Pacific: an Asian track centered on ASEAN and the Trans-Pacific Partnership agreement supported by the United States. Both tracks could simplify the “noodle bowl” of current smaller agreements in the Asia Pacific and possibly lead to a region-wide free trade area, generating income gains of $2 trillion per year. The tracks should produce significant benefits, but could also intensify competition between China and the United States.
Peter Petri has been on the Brandeis Economics faculty since 1974 and served as the founding Dean of the Brandeis International Business School from 1994 to 2006. Professor Petri’s research and teaching focus on international trade, finance, investment and economic integration, with emphasis on Asia. He has consulted with APEC, the World Bank, the OECD, the United Nations, the Asian Development Bank and other organizations and has held visiting appointments at universities in China and Japan. His A.B. and Ph.D. degrees are in Economics from Harvard University. Professor Petri has published more than 100 books and articles and his current work focuses on major trade agreements under negotiation in the Asia-Pacific region, including the Trans-Pacific Partnership (TPP) and Regional Comprehensive Economic Partnership (RCEP) initiatives.