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News Release

C. Fred Bergsten Receives the National Foreign Trade Council's 2013 World Trade Award

November 5, 2013

Contact:    Brian Reil   

WASHINGTON—The Peterson Institute for International Economics is pleased to announce that C. Fred Bergsten, co-founder and director emeritus of the Institute, has received the National Foreign Trade Council's 2013 World Trade Award. Dr. Bergsten has the special distinction of being the first recipient of the annual award for thought leadership rather than service as a high government official or top corporate executive. Its initial winner in 1938 was Secretary of State Cordell Hull, the father of modern US trade policy.

"Fred Bergsten has had more influence over the direction of US international economic policy on more subjects over a more extended period of time than any other person," said NFTC Chairman and former Deputy US Trade Representative Alan Wolff during his introductory remarks. He presented the award during the NFTC Foundation's 99th annual World Trade Dinner and Awards Ceremony on October 9 in Washington. Senator Ron Wyden, chairman of the International Trade Subcommittee of the Senate Finance Committee, addressed the dinner and added that "the Fred caucus" on the Hill strongly endorsed the award.

"Fred continues to show leadership in pushing the US trade agenda forward," said Adam S. Posen, president of Peterson Institute. "In fact, he is at the center of the Institute's efforts to advance TPP, TTIP and possible new US trade agreements with two of the world's largest economies, China and India."

Recent recipients of the award include US Congressmen David Dreier, Dave Camp and Gregory W. Meeks. Another, in 2007, was James W. Owens, former Chairman and CEO of Caterpillar, Inc. and chairman of the Executive Committee of the Peterson Institute's Board of Directors.

NFTC Chairman Wolff and Bergsten himself also paid tribute to Gary Clyde Hufbauer and Jeffrey J. Schott, Senior Fellows at the Peterson Institute and longtime prominent experts on the benefits and practice of US trade negotiations. Together they negotiated the Subsidies Code in the Tokyo Round at the GATT in the late 1970s, while at the Treasury Department, and helped prepare and advance a number of major US and global trade policy initiatives at the Institute over its 32-year history.

"Fred's monument is not just that [Peterson Institute] building nor his and its inhabitants' prodigious output in terms of policy briefs and books, but the policies he has brought to reality and the thinking that he has challenged," added Wolff. "He is probably the most successful of all the policy entrepreneurs."

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About the Peterson Institute

The Peterson Institute for International Economics is a private, nonprofit institution for rigorous, open, and intellectually honest study and discussion of international economic policy. Its purpose is to identify and analyze important issues to making globalization beneficial and sustainable for the people of the United States and the world and then to develop and communicate practical new approaches for dealing with them. The Institute is widely recognized as nonpartisan. It receives its funding from a wide range of corporations, foundations, and private individuals from the United States and around the world, as well as from income on its endowment.