A New Phase of US-Japan Economic Cooperation: TPP, AIIB, and the Asia-Pacific Economic Architecture


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When: Dec 1 2015 - 12:30pm until Dec 1 2015 - 3:00pm
Where: 1819 L St NW, Sixth Floor Conference Room, Washington DC, 20036


A New Phase of US-Japan Economic Cooperation: TPP, AIIB, and the Asia-Pacific Economic Architecture

An Asia Pacific Political Economy and Trade Workshop featuring:

Saori N. Katada
Visiting Fellow, East-West Center in Washington

H.E. Ira Shapiro (Keynote Speaker)
President, Ira Shapiro Global Strategies, LLC

Matthew P. Goodman (Discussant)
William E. Simon Chair in Political Economy and Senior Adviser for Asian Economics, CSIS

Murray Hiebert (Discussant)
Deputy Director and Senior Fellow, Sumitro Chair for Southeast Asia Studies, CSIS

Troy Stangarone (Discussant )
Senior Director, Congressional Affairs & Trade, KEI

A New Phase of US-Japan Economic Cooperation: TPP, AIIB, and the Asia-Pacific Economic Architecture, Part 1 from East-West Center on Vimeo.

A New Phase of US-Japan Economic Cooperation: TPP, AIIB, and the Asia-Pacific Economic Architecture, Part 2 from East-West Center on Vimeo.

The panelists discuss the merits of and challenges facing the Trans-Pacific Partnership and Asian Infrastructure Investment Bank with the audience.

New agreements and organizations in the Asia Pacific signal a major transformation of the current regional economic and political order. On the trade front, the 12 Asia Pacific members have just concluded negotiations establishing the Trans-Pacific Partnership (TPP), which, if ratified and successfully enforced, will redefine the trade and investment framework and establish new rules for the region. In the financial arena, China’s new Asian Infrastructure Investment Bank (AIIB) is already challenging both the modality and the norms of existing development financing. On both of these issues, the governments of the United States and Japan have worked closely, despite their varying interests, with the aim of supporting the existing liberal economic order and maintaining or strengthening market-oriented, transparent, and enforceable economic governance rules in Asia.

This workshop addressed the geo-economics, geopolitics and domestic dynamics underlying and associated with these two mega-economic innovations in the region. How are these developments redefining US-Japan relations? How are they perceived in other parts of the region beyond the US and Japan? What are the implications of these schemes for regional economic architecture and governance in the Asia Pacific?

 For more images, please visit the album for this event on the East-West Center's Flickr page. 

Saori N. Katada is an Asian Studies Visiting Fellow at the East-West Center in Washington and currently an Associate Professor at School of International Relations, University of Southern California. She is the author of a book Banking on Stability: Japan and the Cross-Pacific Dynamics of International Financial Crisis Management (University of Michigan Press, 2001), which was awarded Masayoshi Ohira Memorial Book Award in 2002. She also has three co-edited books: Global Governance: Germany and Japan in International System (Ashgate, 2004), Cross Regional Trade Agreements: Understanding Permeated Regionalism in East Asia (Springer, 2008), and Competitive Regionalism: FTA Diffusion in the Pacific Rim (Palgrave Macmillan 2009). She has written numerous articles on international political economy including topics such as regional integration, foreign aid policy, financial politics and free trade agreements. Her current research focuses on the trade, financial and monetary cooperation in East Asia, and the impact of the global financial crisis on Japanese financial politics and regional integration efforts. For her research on regionalism, she was recently awarded the Japan Foundation Research grant, and National Endowment for the Humanities Fellowship. She has her PhD from University of North Carolina at Chapel Hill (Political Science) in 1994, and BA from Hitotsubashi University (Tokyo). Before joining USC, she served as a researcher at the World Bank in Washington DC, and as International Program officer at the UNDP in Mexico City.

H.E. Ira Shapiro is the President of Ira Shapiro Global Strategies, LLC, a consulting firm specializing in international trade, U.S.-Japan relations, and American politics, which he founded in 2014Mr. Shapiro came to Washington, D.C., in October 1975, to work as Legislative Legal Counsel to Senator Gaylord Nelson (D.-Wisconsin), probably the greatest environmentalist ever to serve in the Senate. In his 12 years working in the Senate, Mr. Shapiro served as Minority Staff Director to the Governmental Affairs Committee, Staff Director and Chief Counsel to the special Senate Committee on Official Conduct, counsel to Senator Majority Leader Robert Byrd, and the first chief of staff for Jay Rockefeller. Mr. Shapiro became General Counsel to United States Trade Representative Mickey Kantor in February 1993. As General Counsel, he played a central role in the negotiation and legislative approval of the North American Free Trade Agreement (NAFTA) and the multilateral Uruguay Round that created the World Trade Organization and the current trade rules. In 1995, President Clinton nominated Mr. Shapiro for Ambassadorial rank, which the Senate rapidly and unanimously approved. Ambassador Shapiro served as the principal U.S. trade negotiator with Japan and Canada, helping to successfully resolve some of the most contentious bilateral disputes with America’s two leading trading partners: autos and auto parts, semiconductors and insurance with Japan, and softwood lumber with Canada. He has 30 years of extensive and diverse experience in dealing with the Japanese government and business community. He first worked with Japan as Chief of Staff to Senator Rockefeller and played a key role in the efforts to save Wheeling Pittsburgh Steel through a joint venture with Nisshin Steel of Japan. After his work in the Clinton administration, as many other trade lawyers and consultants have shifted their focus to China, Mr. Shapiro has continued to concentrate his work on U.S.-Japan relations. In September 2012, Mr. Shapiro became the Chairman of the National Association of Japan-America Societies (NAJAS), the Washington-based organization that supports the activities of 36 Japan-America Societies around the country. As Chairman, he speaks frequently about U.S.-Japan relations and the importance of the Trans-Pacific Partnership (TPP) negotiations, appearing in Dallas-Ft. Worth, Atlanta, Houston, Philadelphia, San Diego, Cincinnati, Chicago and Denver. Mr. Shapiro graduated from Brandeis University, magna cum laude with honors in politics, in 1969, received his Master’s degree in political science from the University of California at Berkeley in 1970, and his law degree from the University of Pennsylvania in 1973. Before coming to Washington to work in the Senate, Mr. Shapiro clerked for a federal district judge in Philadelphia and practiced law in Chicago.

Matthew P. Goodman is senior adviser for Asian economics and holds the William E. Simon Chair in Political Economy at CSIS. The Simon Chair explores current issues in international economic policy, with a focus on the Asia-Pacific region. Before joining CSIS in early 2012, Goodman was White House coordinator for Asia-Pacific Economic Cooperation (APEC) and the East Asia Summit. He also served as director for international economics on the National Security Council staff, helping the president prepare for G-20 and G-8 summits. Prior to the White House, Goodman was senior adviser to the undersecretary for economic, energy, and agricultural affairs at the U.S. Department of State. From 1988 to 1997, he worked as an international economist at the U.S. Treasury Department, including five years as financial attaché at the U.S. embassy in Tokyo. Goodman holds an M.A. in international relations from the Johns Hopkins School of Advanced International Studies (SAIS) and a B.S. in economics from the London School of Economics and Political Science (LSE).

Murray Hiebert serves as senior fellow and deputy director of the Sumitro Chair for Southeast Asia Studies at the Center for Strategic and International Studies (CSIS) in Washington, D.C. Prior to joining CSIS, he was senior director for Southeast Asia at the U.S. Chamber of Commerce, where he worked to promote trade and investment opportunities between the United States and Asia. Mr. Hiebert joined the U.S. Chamber in 2006 from the Wall Street Journal'sChina bureau, where he covered trade, intellectual property rights, and China’s accession to the World Trade Organization. Prior to his posting to Beijing, he worked for theWall Street Journal Asia and the Far Eastern Economic Review in Washington, reporting on U.S.-Asia relations. From 1995 to 1999, he was based in Kuala Lumpur for the Far Eastern Economic Review. He covered the Asian financial crisis and also reported on developments in Singapore. In the early 1990s, he was based in Hanoi for the Review, reporting on Vietnam’s economic reforms. He joined the Review'sBangkok bureau in 1986, covering political and economic developments in Vietnam, Cambodia, and Laos. Mr. Hiebert is the author of two books on Vietnam, Chasing the Tigers(Kodansha, 1996) and Vietnam Notebook (Review Publishing, 1993).

Troy Stangarone joined the Korea Economic Institute (KEI) in December of 2005 and is the Senior Director of Congressional Affairs and Trade. He oversees KEI’s trade and economic related initiatives, as well as the Institute’s relations with Capitol Hill and the Washington, DC trade community. As part of his broader portfolio he serves as the editor for KEI’s flagship publication, Korea’s Economy, and oversees KEI’s new blog, The Peninsula. He was also a 2012-2013 Council on Foreign Relations International Affairs Fellow in South Korea, sponsored by the Asan Institute for Policy Studies. Prior to joining KEI, Mr. Stangarone worked on Capitol Hill for Senator Robert Torricelli on issues relating to foreign affairs and trade. He also served as an aide to Governor James McGreevey of New Jersey. He holds a MSc. in International Relations from the London School of Economics and Political Science and a B.A. in Political Science and Economics from the University of Memphis.

Primary Contact Info:
Name: Sarah Wang
Phone: 202-327-9755