With US President-elect Donald Trump declaring that he would withdraw the US from the Trans-Pacific Partnership (TPP), Co-Director of the ANU Australia-Japan Research Centre Dr Shiro Armstrong has called for Asia to look to alternate trade agreements.
"It's time for Asian leadership," Dr Armstrong said.
"We have to rethink some of our strategies on engaging North America and the rest of the world and push ahead with the region's initiatives - agreements like the Regional Comprehensive Economic Partnership and the Free Trade Area of the Asia Pacific.
"This is a region that is still growing at twice the rate of the average growth rate for the world, it's a region of dynamic growth.
"Whatever we do here needs to be open to the rest of the world, not inward looking like what is happening in Europe or the US."
Dr Armstrong is currently taking part in the 38th Pacific Trade and Development (PAFTAD) Conference, hosted by the East Asia Bureau of Economic Research at ANU.
Talks at the event focus on how the fallout from Brexit and the election of Donald Trump will impact on Asian economic integration, with particular regard for the future of regional arrangements like the TPP.
The conference will include a public forum on Thursday where two panels of experts will discuss global trade. For more information or to registration for this event please register for the event.
Image: Bernard Spragg, Flickr.