BOOK RELEASE MEETING
Understanding the Trans-Pacific Partnership
Peter A. Petri, Brandeis University, International Business School
Jeffrey J. Schott, Peterson Institute
Peterson Institute for International Economics, Washington, DC
December 19, 2012
The Peterson Institute released two new Policy Analyses in International Economics examining the Trans-Pacific Partnership (TPP) on December 19, 2012. PIIE Senior Fellow Jeffrey J. Schott presented the findings of Policy Analysis 99: Understanding the Trans-Pacific Partnership, and Professor Peter A. Petri of Brandeis University similarly discussed Policy Analysis 98: The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment. The TPP negotiations may achieve completion in 2013 and are the largest and most important trade talks taking place anywhere in the world.
The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment, coauthored by Peter A. Petri, Michael G. Plummer, and Fan Zhai, provides the most extensive analysis to date of the likely economic impact of both the TPP itself and the numerous Asia-only agreements that are already in place or under simultaneous consideration. It also analyzes the effect of possible eventual amalgamation of these "Pacific track" and "Asia track" arrangements into a comprehensive Free Trade Area of the Asia Pacific, the stated goal of the TPP participants, which would represent ultimate realization of the "Bogor goals" adopted by APEC in 1993–94.
Understanding the Trans-Pacific Partnership, coauthored by Jeffrey J. Schott, Barbara, Kotschwar, and Julia Muir, is a thorough appraisal of the current status of the negotiations, the main issues that remain to be resolved (including the possible addition of more participating countries), and the prospects for completing the talks.