Abstract
This paper aims to analyze the potential impacts of the RCEP concept developed in the working group and the potential impact on market expansion. Based on the results achieved in the working group dis-cussions, we used a qualitative approach. We put together a simulation of how the impact on trade and mar-ket development has been the goal of the establishment of RCEP. We concluded that the unification of the 16 countries in the RCEP expected to reduce the spaghetti bowl effect caused by a number of free trade agree-ments followed by a country. However, because RCEP does not eliminate regional free trade agreements that exist, RCEP tend to add to the chain's new spaghetti bowl. In addition, the opening of market access among partner countries in the ASEAN-expected results in increased trade intra-ASEAN partner countries so that the impact on economic growth in the region in general and ASEAN in particular.
Highlights
Concept RCEP: The unification of the 16 countries in the RCEP expected to reduce the spaghetti bowl effect caused by a number of free trade agreements followed by a country
RCEP will lead to preferences that had been enjoyed by the member countries of ASEAN in the partner countries will be enjoyed by the other ASEAN partner countries
The new markets are created only occur between ASEAN partner countries (Australia, China, India, Japan, Korea, and New Zealand)
Summary
The initiative has been made based on the response of ASEAN to maintain ASEAN centrality of the Chinese proposal regarding the establishment of the East Asia Free Trade Agreement (ASEAN + 3) and the Japanese proposal that wants Closer Economic Partnership in East Asia (ASEAN + 6) and the level of liberalization of trade in goods on trade cooperation ASEAN free (ATIGA) and ASEAN + 1 (AANZFTA, ACFTA, AIFTA, AJCEP, AKFTA) average about 90%. RCEP not negate free trade agreement ASEAN free trade (ATIGA) and ASEAN + 1 (AANZFTA, ACFTA, AIFTA, AJCEP, AKFTA) said existing. The RCEP concept was initially endorsed by ASEAN leaders in November 2011. At the 7th East Asia Summit on 20, November 2012, Prime Minister Julia Gillard and Minister for Trade and Competitiveness Dr Emerson joined Leaders from ASEAN and ASEAN’s FTA partners to officially launch the RCEP negotiations
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