RCEP Agreement and Its Impacts

The transcript discusses Indonesia's appreciation for the ratification of the Regional Comprehensive Economic Partnership (RCEP), highlighting its potential to enhance global supply chain integration. RCEP is the largest free trade bloc, covering 30% of global trade, GDP, and population. It includes 10 ASEAN countries and five partners: China, Japan, South Korea, Australia, and New Zealand. The agreement aims to improve the business climate by removing trade barriers, supporting SMEs, and protecting intellectual property. It also seeks to reduce development gaps through technical and economic cooperation. The RCEP initiative was led by Indonesia during its ASEAN chairmanship in 2011.

Who announced Indonesia's appreciation for the RCEP ratification?

• Minister of Foreign Affairs

• President of Indonesia

• Minister of Trade

• Coordinating Minister for Economic Affairs

Which countries are part of the RCEP agreement?

• ASEAN countries and India

• ASEAN countries and the United States

• ASEAN countries and five partner countries

• ASEAN countries and European Union

Which country is NOT a partner in the RCEP agreement?

• China

• India

• South Korea

• Australia

What is one of the benefits of the RCEP agreement?

• Limited intellectual property rights

• Restriction on e-commerce activities

• Support for small and medium enterprises

• Increased tariffs on imports

How does the RCEP agreement aim to reduce development gaps?

• By increasing tariffs

• Through military alliances

• Through technical and economic cooperation

• By limiting foreign investments

Which sector is expected to benefit from the removal of trade barriers under RCEP?

• Agriculture

• Manufacturing

• Services

• Mining

What is the role of intellectual property protection in the RCEP?

• To increase patent costs

• To restrict innovation

• To protect and encourage innovation

• To limit foreign patents

When did Indonesia initiate the RCEP agreement?

• During its ASEAN chairmanship in 2011

• In 2018 during a bilateral meeting

• In 2020 during a global summit

• In 2015 during a trade conference

What percentage of global trade does the RCEP cover?

• 35%

• 27%

• 15%

• 50%

What is the significance of the RCEP in terms of global GDP?

• It covers 40% of global GDP

• It covers 29% of global GDP

• It covers 20% of global GDP

• It covers 10% of global GDP