Overview

In Asia’s numerous emerging and developing countries, regional trade cooperation has been gaining in popularity in recent years and encompasses such initiatives as: 1) The Regional Comprehensive Economic Partnership (“RCEP”) agreement; and 2) One Belt, One Road (“OBOR”) initiatives.[1] Moreover, Indonesia itself has also initiated a number of international cooperation agreements, including: 1) The ASEAN Free Trade Area (AFTA); 2) The ASEAN - Australia - New Zealand Free Trade Area (AANZFTA); and 3) The ASEAN - China Free Trade Area. Furthermore, another 13 new trade agreements are currently in the negotiation stages, with priority being given to the RCEP agreement.[2]