presentation-rcep and cafta

7/26/2019 Presentation-RCEP and CAFTA

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‘Regional Comprehensive

Economic Partnership (RCEP)and China ASEAN Free TradeArea (CAFTA) : Opportnities

and ChallengesPutri Rakhmadhani Nur Rimbawati, MA



RCEP Updates

The 12th Round of Negotiation of RegionalComprehensive Economic Partnership (RCEP) Held

in Perth The 1!th round of negotiation "ill #e heldon $une 12%1&' 21 in *uc+land' Ne" ,ealand



-pportunities of RCEP RCEP' as led #. */E*N' is e0pected to entrench

its centralit. in a "ider *sia%Paci3c regionalarchitecture

RCEP "as e0pected to demonstrate */E*Nsleadership in #ringing together its o"n tenmem#ers and e0ternal partners for economicgro"th' development and harmoni4ation

RCEP' #ased on */E*N 55 formula "as vie"edas a good compromise #et"een E*6T* andCEPE*

Economicall.' if successfull. done #. 217' RCEPas a grouping is li+el. to generate a 89P of U/:

22 trillion (!2 per cent of the "orld)' coveringa#out !7 #illion eo le (;& er cent of the "orld)



Challenges in RCEP Negotiation RCEP is the 3rst of its +ind and has no precedence to

emulate RCEP involves three di<erent d.namic among its si0teen

mem#ers = ten */E*N mem#ers' */E*N and 6T* partnersand si0 6T* partners

The si0 6T* partners that ma. not have e0istingcomprehensive trade agreement "ith one another

RCEP negotiation is also challenged #. the di<erence in

developmental stages and accordingl. di<erences ininterest among the negotiating partners

The >e0i#ilit. clause #uilt into the RCEP frame"or+ could#e a #oon or #ane for RCEP

*s the current 6T*s var. considera#l. from each other' it

leads to concern over modalit. and the eventual ?ualit. ofthe agreement



@imited coverageA trade in goods' trade in

services' investment' economic and technical

cooperation' intellectual propert.' competition'dispute settlement /o' its standard is not sohigh as TPP

6le0i#ilit.' special and di<erential treatment' so

that most mem#ers can accept it -ther features =*/E*N5155' consistent "ith

BT- rules' open accession

RCEPs 6eature



ig gaps in economic li#erali4ation among 1

mem#ersA developed D developing

ig gaps of li#erali4ation level and areas#et"een */E*N%ndia 6T* and the rest ;*/E*N56T*

*/E*N focuses on *EC esta#lishment #. the

end 217' so it is hard for it to push RCEPprocess

Political pro#lem

Technical Pro#lemA mar+et access and others

RCEPs 9iFculties



The 6rame"or+ *greement is an um#rella

agreement "hich provides general provision on

the esta#lishment of an */E*N%China 6T* (*C6T*)"ithin 1 .ears #. pursuingA

progressive elimination of tari<s and non%tari<#arriersG

progressive li#eralisation of trade in services and

investmentG strengthen trade facilitation measuresG

and economic cooperation in areas of commoninterest

China */E*N 6ree Trade *rea(C*6T*)



RCEP and C*6T*A "hich is #etter



RCEP CAFTA

Comparisons RCEP is led #. */E*N to gather allseparate no%*/E*N 6T*sorn out of */E*N51 6T*s "ithChina' ndia' $apan' /outh Iorea'*ustralia' and Ne" ,ealand

The idea of regional economiccooperation "as initiall.proposed #. then%Chinese PrimeJinister ,hu RongKi in 2

Characteristics *ims to form an integratedregional economic agreementthat are deeper than the e0isting

6T* co%operations and supporte?uita#le economic development

implemented in the midst of*/E*N countries see+ing tostrengthen the

economic foundation of */E*Nas "ell as */E*NLs interest inpla.ing a more signi3cantregional role in achievingregional sta#ilit.

Concerns uilding on M*/E*N "a. anddi<erent treatment depending on

level of mem#ers developmentcould contri#ute to slo" progress

* free trade area #et"een thet"o sides is a potential

means of strengthening theeconomic partnership

RCEP O/ C*6T*



6irml. support */E*N%led RCEP negotiations'

support */E*Ns centralit. in the regional

integration /upport *EC

/trengthen C*6T*' update C*6T*

e read. to Koin TPP negotiations

/upport 6T**P and an. proposal "hich is#ene3cial to the regional integration

Push domestic economic reform and set up amore open and free economic s.stem

Chinas Choice



Indonesia is a member ofCAFTA and RCEP, like China.In this connection, Chinaand Indonesia are standingon the same starting line inthe regional integration.So, the both countries can

cooperate each ith other inthe man! areas and le"els.

In the recent #$ !ears,China%ASEA& EconomicRelations de"elops "er!

rapidl!.

China%*/E*N Economic Cooperation



Ptri Ra!hmadhani Nr Rim"a#ati

Terima Iasih

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