RCEP will be built on ASEAN’s experience and is expected to integrate all five of the ASEAN+1 FTAs into a regional economic framework3. Being an ASEAN process, it will be guided by the “ASEAN way” where objectives and commitments are driven by a consensus process. RCEP is likely to be more accommodative of the development differences of the member countries, thus providing flexibility and adjusting mechanisms in reaching the common end-goals. In addition to liberalizing trade in goods, services and investment, it will pay more attention to physical, institutional and people-to-people connectivity and to narrowing development gaps and will be built in response to new developments, such as the emerging international production networks.