RCEP is led by ASEAN to gather together
all separate non-ASEAN FTAs.
Born out of ASEAN+1 FTAs with
China, India, Japan, South Korea,
Australia and New Zealand
Based on open accession clause,
where membership can be expanded
later as new countries sign FTA with
ASEAN.
Negotiations expected to start in 2013
and to be concluded by 2015.