Wendy Cutler: Why Free Trade Standards in Asia Are Rising | Asia Society Skip to main content
  • Arts
    • Asia Society Museum
      • Visit
      • Exhibitions
      • Programs
      • Learn
      • Support
    • Arts & Museum Summit
    • Asia Arts Game Changer Awards
      • About
      • Honorees
      • Ceremonies
      • Photos
      • Support
    • Creative Voices of Muslim Asia
      • Resources
      • Exhibitions
      • Videos
    • Film
    • Literature
    • Performing Arts
  • Education
    • Center for Global Education
      • Professional Development
      • Educator Resources
      • Our Ideas
      • Asia Society at Home
      • Education For Equity
      • About
  • Policy
    • Asia Society Policy Institute
      • Topics
      • Regions
      • Events
      • About
      • Support Us
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Reports
      • Past Events
      • ChinaFile
  • Initiatives
    • Arts
      • Arts & Museum Summit
      • Asia Arts Game Changer Awards
      • Asia Society Museum: The Asia Arts & Museum Network
      • Creative Voices of Muslim Asia
      • U.S.-China Museum Summit
      • U.S.-Asia Entertainment Summit
    • Education
      • Center for Global Education
      • China Learning Initiatives
      • Global Cities Education Network
      • Global Learning Beyond School
      • International Studies Schools Network
    • Leadership
      • Asia Game Changer Awards
      • Asia 21 Young Leaders Initiative
      • Global Talent Initiatives
      • U.S.-China Dialogue
    • Policy
      • Asia Society Policy Institute
      • Center on U.S.-China Relations
    • Sustainability
      • Coal + ICe
  • Countries & Regions
    • Column One
      • Afghanistan

      • American Samoa

      • Armenia
      • Australia
      • Azerbaijan
      • Bahrain
      • Bangladesh

      • Bhutan

      • Brunei

      • Cambodia

      • Central Asia
      • China
      • Cook Islands

      • Cyprus
      • East Asia
      • East Timor
      • Fiji

      • French Polynesia

      • Georgia

      • Guam
    • Column Two
      • Hong Kong
      • India
      • Indonesia
      • Iran
      • Iraq
      • Israel
      • Japan
      • Jordan
      • Kazakhstan
      • Kiribati
      • Kuwait

      • Kyrgyzstan
      • Laos
      • Lebanon
      • Macau
      • Malaysia
      • Maldives
      • Marshall Islands
      • Micronesia

      • Mongolia

    • Column Three
      • Myanmar

      • Nauru

      • Nepal

      • New Caledonia

      • New Zealand

      • Niue
      • North Korea

      • Northern Marianas
      • Oceania
      • Oman

      • Pakistan

      • Palau
      • Palestine

      • Papua New Guinea
      • Philippines
      • Qatar

      • Samoa
      • Saudi Arabia
      • Singapore

      • Solomon Islands

    • Column Four
      • South Asia
      • Southeast Asia
      • South Korea
      • Sri Lanka
      • Syria
      • Taiwan
      • Tajikistan
      • Thailand
      • Tibet
      • Tokelau
      • Tonga
      • Turkey

      • Turkmenistan

      • Tuvalu
      • United Arab Emirates
      • Uzbekistan
      • Vanuatu
      • Vietnam
      • Wallis and Futuna
      • West Asia
      • Yemen
  • Current Affairs
    • Topics
      • Business
      • Environment
      • Governance
    • Programming
      • Beyond the Headlines
      • Business of Asia
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Reports
      • Past Events
      • ChinaFile
  • Look & Listen
    • Asia Blog
    • ChinaFile
    • Podcasts
    • Video Gallery
  • Events
    • Upcoming Events
    • Past Events
  • Visit
    • Visit Us
      • Hong Kong
      • New York
      • Texas
    • Global Network
      • Australia
      • India
      • Japan
      • Korea
      • Northern California
      • Philippines
      • Southern California
      • Switzerland
      • Washington, DC
  • About
    • About Asia Society
    • Inclusion & Diversity
    • Mission & History
    • Co-Chairs and Trustees
    • Senior Leadership
    • Global Staff
    • Experts & Fellows
    • Global Council
    • Careers
    • Interns and Volunteers
    • Financial Statements
    • For the Media
      • Press Releases
  • Support
    • The Campaign for Asia Society
    • Corporate Engagement
      • Business Council
      • Global Talent and Diversity Council
      • Rising Executives Network
      • Enhancements to Membership
      • Corporate Membership
      • Global Corporate Leaders
    • Membership
    • Donate
ASIABLOG
Search
Search
  • Arts
    • Asia Society Museum
      • Visit
      • Exhibitions
      • Programs
      • Learn
      • Support
    • Arts & Museum Summit
    • Asia Arts Game Changer Awards
      • About
      • Honorees
      • Ceremonies
      • Photos
      • Support
    • Creative Voices of Muslim Asia
      • Resources
      • Exhibitions
      • Videos
    • Film
    • Literature
    • Performing Arts
  • Education
    • Center for Global Education
      • Professional Development
      • Educator Resources
      • Our Ideas
      • Asia Society at Home
      • Education For Equity
      • About
  • Policy
    • Asia Society Policy Institute
      • Topics
      • Regions
      • Events
      • About
      • Support Us
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Reports
      • Past Events
      • ChinaFile
  • Initiatives
    • Arts
      • Arts & Museum Summit
      • Asia Arts Game Changer Awards
      • Asia Society Museum: The Asia Arts & Museum Network
      • Creative Voices of Muslim Asia
      • U.S.-China Museum Summit
      • U.S.-Asia Entertainment Summit
    • Education
      • Center for Global Education
      • China Learning Initiatives
      • Global Cities Education Network
      • Global Learning Beyond School
      • International Studies Schools Network
    • Leadership
      • Asia Game Changer Awards
      • Asia 21 Young Leaders Initiative
      • Global Talent Initiatives
      • U.S.-China Dialogue
    • Policy
      • Asia Society Policy Institute
      • Center on U.S.-China Relations
    • Sustainability
      • Coal + ICe
  • Countries & Regions
    • Column One
      • Afghanistan

      • American Samoa

      • Armenia
      • Australia
      • Azerbaijan
      • Bahrain
      • Bangladesh

      • Bhutan

      • Brunei

      • Cambodia

      • Central Asia
      • China
      • Cook Islands

      • Cyprus
      • East Asia
      • East Timor
      • Fiji

      • French Polynesia

      • Georgia

      • Guam
    • Column Two
      • Hong Kong
      • India
      • Indonesia
      • Iran
      • Iraq
      • Israel
      • Japan
      • Jordan
      • Kazakhstan
      • Kiribati
      • Kuwait

      • Kyrgyzstan
      • Laos
      • Lebanon
      • Macau
      • Malaysia
      • Maldives
      • Marshall Islands
      • Micronesia

      • Mongolia

    • Column Three
      • Myanmar

      • Nauru

      • Nepal

      • New Caledonia

      • New Zealand

      • Niue
      • North Korea

      • Northern Marianas
      • Oceania
      • Oman

      • Pakistan

      • Palau
      • Palestine

      • Papua New Guinea
      • Philippines
      • Qatar

      • Samoa
      • Saudi Arabia
      • Singapore

      • Solomon Islands

    • Column Four
      • South Asia
      • Southeast Asia
      • South Korea
      • Sri Lanka
      • Syria
      • Taiwan
      • Tajikistan
      • Thailand
      • Tibet
      • Tokelau
      • Tonga
      • Turkey

      • Turkmenistan

      • Tuvalu
      • United Arab Emirates
      • Uzbekistan
      • Vanuatu
      • Vietnam
      • Wallis and Futuna
      • West Asia
      • Yemen
  • Current Affairs
    • Topics
      • Business
      • Environment
      • Governance
    • Programming
      • Beyond the Headlines
      • Business of Asia
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Reports
      • Past Events
      • ChinaFile
  • Look & Listen
    • Asia Blog
    • ChinaFile
    • Podcasts
    • Video Gallery
  • Events
    • Upcoming Events
    • Past Events
  • Visit
    • Visit Us
      • Hong Kong
      • New York
      • Texas
    • Global Network
      • Australia
      • India
      • Japan
      • Korea
      • Northern California
      • Philippines
      • Southern California
      • Switzerland
      • Washington, DC
  • About
    • About Asia Society
    • Inclusion & Diversity
    • Mission & History
    • Co-Chairs and Trustees
    • Senior Leadership
    • Global Staff
    • Experts & Fellows
    • Global Council
    • Careers
    • Interns and Volunteers
    • Financial Statements
    • For the Media
      • Press Releases
  • Support
    • The Campaign for Asia Society
    • Corporate Engagement
      • Business Council
      • Global Talent and Diversity Council
      • Rising Executives Network
      • Enhancements to Membership
      • Corporate Membership
      • Global Corporate Leaders
    • Membership
    • Donate

Wendy Cutler: Why Free Trade Standards in Asia Are Rising

November 24th, 2015


ASPI Vice President Wendy Cutler discusses how she sees the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership as occupying different points along “a continuum of trade liberalization” rather than competing. (2 min., 45 sec.)

ASPI

On December 14, ASPI will present a high-level briefing, moderated by Wendy Cutler, on the outcomes from the 2015 APEC leaders meeting in Manila and the potential for APEC to continue facilitating trade and economic growth. Learn more

Officials are gathering in Manila this week for the 2015 Asia-Pacific Economic Cooperation meetings in the wake of a big change to Asia’s economic landscape: the conclusion of the Trans-Pacific Partnership (TPP). Asia Society Policy Institute Vice President Wendy Cutler, who recently served as Acting Deputy U.S. Trade Representative, sees the TPP as a major step toward integrating Asia’s economies.

“Since TPP has been concluded, a number of countries have publicly expressed varying degrees of interest [in joining], including Korea, Indonesia, and the Philippines. And I suspect, although I’m no longer part of the administration, that there are other private conversations going on [at APEC] about other countries that might be interested,” Cutler said Monday evening during a discussion at Asia Society New York.

“APEC’s very well positioned now in the TPP world because it includes not only TPP members, but it also includes nine members of APEC that are not part of TPP. And so I think APEC can play a useful role in helping to bridge some of those differences between those countries,” Cutler said.

The TPP itself, Cutler said, can also be a catalyst for further opening trade across the Asia-Pacific.

The agreement is on “a continuum of trade liberalization or coverage in terms of the products covered and issues covered,” Cutler said. “I think TPP has really moved the ball forward and is probably at the highest point of that continuum.”

Cutler rejected the notion that the TPP will compete with the Regional Comprehensive Economic Partnership (RCEP), another far-reaching Asia-Pacific free trade agreement that many observers regard as a TPP rival — especially since RCEP includes China.

“I don’t think that they’re competing, and I don’t think [a country] has to choose one over the other,” Cutler said. “One is just more trade-liberalizing than the other.”

“I think the question for RCEP now is, given TPP, should they rush to conclude this agreement? Or should they kind of take a step back and see if they can do more?”

Asia Society Policy Institute President Kevin Rudd agreed, noting that “the overall impetus in East Asia and the Asia-Pacific more broadly is towards free trade.”

“Each set of negotiations has in turn triggered another set to try to re-equalize where the region goes. And therefore over time, you’ll actually see much more free trade in goods and now, critically, services, and a better and more liberal environment for investment than we’ve ever had before,” Rudd said.

Cutler said she expects the TPP to drive economic growth across Asia. She mentioned Vietnam as one member country that is already beginning to see the benefits of joining TPP.

“We’re already hearing anecdotes from companies that, when weighing where to invest in the Asia-Pacific region, are now turning more and more to Vietnam in anticipation of the TPP,” Cutler said. “They will have a stronger IPR regime, they will have protections for services and investment, [and] they will be a platform and have all the preferential access that TPP provides.”

Japan, too, stands to see its economy grow because of “the export opportunities and the growth opportunities that TPP presents,” Cutler said.

“Japan, like others, is going to gain access to a lot of markets. Indeed, Japan has FTAs with a number of TPP partners, but frankly a lot of them are not as trade-liberalizing as TPP is.”

The Trans-Pacific Partnership still needs to be ratified by all 12 countries before it can enter into force — a political process that, Cutler said, “is extremely complex and difficult.”

In the United States, ratification involves gaining congressional approval for the agreement. Because of legislation passed earlier this year, the full TPP agreement is subject to a yes-or-no vote, with no potential for amendment.

“I’m confident that the administration will be able to secure congressional ratification,” Cutler said. “I think there are so many benefits for the United States in the deal, both economic and strategic, and I have to believe that Congress will approve this deal.”

“President Obama has made it very clear that he wants this agreement passed during his presidency,” Cutler added.

Related Links

  • ASPI Initiative | India and APEC: Charting a Path to Membership
  • Update on U.S.-Asia Policy by Assistant Secretary of State Daniel Russel
trans pacific partnership
apec
trade
economy
growth
wendy cutler
kevin rudd
asia society policy institute
prosperity
event
policy featured
asia society new york
policy
current affairs
vietnam
korea
philippines
indonesia
china
commentary
about partners subscribe

About the Author

Profile picture for user Josh Rosenfield
Joshua Rosenfield is Director of Content Strategy with the Asia Society Policy Institute. He is based in New York.

Contents

  • Arts
  • Business
  • Current Affairs
  • Education
  • Food & Recipes
  • Lifestyle
  • Multimedia
  • Policy

Featured Posts

Suharto
Q&A: Vincent Bevins on How Indonesia’s Anti-Communist Campaign Shaped the Modern World
Doctors treat a patient infected with COVID-19
A Pulmonary Physician on What It's Like To Treat COVID-19 Patients
A scene from Never Have I Ever
'Never Have I Ever' Star Poorna Jagannathan on Saying No to Roles Portraying Indian Caricatures
Alan Yang Asian In-Depth
Asia In-Depth Podcast: A Conversation With Writer and Director Alan Yang
Facebook
We Know Asia,
Get to Know Us

Visit Us

  • Hong Kong
  • New York
  • Texas

Global Network

  • Australia
  • India
  • Japan
  • Korea
  • Northern California
  • Philippines
  • Southern California
  • Switzerland
  • Washington, DC

Resources

  • Arts
  • Asia Blog
  • ChinaFile
  • Current Affairs
  • Education
  • For Kids
  • Policy
  • Video

Shop

  • AsiaStore

Initiatives

  • Arts & Museum Summit
  • Asia 21 Young Leaders
  • Asia Arts Game Changer Awards
  • Asia Game Changer Awards
  • Asia Society Museum: The Asia Arts & Museum Network
  • Asia Society Policy Institute
  • Center for Global Education
  • Center on U.S.-China Relations
  • China Learning Initiatives
  • Coal + Ice
  • Creative Voices of Muslim Asia
  • Global Cities Education Network
  • Global Learning Beyond School
  • Global Talent Initiatives
  • Int'l Studies Schools Network
  • U.S.-Asia Entertainment Summit
  • U.S.-China Dialogue
  • U.S.-China Museum Summit

About Asia Society

  • Mission & History
  • Our People
  • Become a Member
  • Career Opportunities
  • Corporate Involvement

Connect

  • Email Signup
  • For the Media

©2021 Asia Society | Privacy Statement | Accessibility | About AsiaSociety.org | Terms & Conditions | Sitemap | Contact

Asia Society takes no institutional position on policy issues and has no affiliation with any government.
The views expressed by Asia Society staff, fellows, experts, report authors, program speakers, board members, and other affiliates are solely their own. Learn more.

 

 

  • Visit Us
  • Hong Kong
  • New York
  • Texas
  • Global Network
  • Australia
  • India
  • Japan
  • Korea
  • Northern California
  • Philippines
  • Southern California
  • Switzerland
  • Washington, DC