The RCEP is a 16-party Free Trade Agreement (“FTA”) that is launched by the
Leaders of the Association of Southeast Asia Nations (ASEAN) and their current FTA
Partners of Australia, China, India, Japan, Korea and New Zealand at the 21st
ASEAN and Related Summits in Phnom Penh, Cambodia. The negotiations for the
RCEP are expected to start in 2013 and be concluded by end-2015.