RCEP: The Opportunity for Indonesia and Steps of Its Implementation, An Insider’s Perspective

Key Messages: The signing of RCEP sends a signal to the world that its 15 members are highly committed to work together towards a global economic recovery, and that trade and global economic relationship will continue to grow. The advantage of RCEP for Indonesia is the potential market access and foreign direct investment (FDI) to improve Indonesia’s participation not only in the regional value chain (RVC) of RCEP but also the global value chain (GVC). To gain real economic benefits from RCEP, Indonesia must conduct structural and policy adjustment in order to increase the national economic competitiveness and to ensure the interest of investors, local as well as foreign ones, in manufacture industry, especially in digital industry and industrial revolution 4.0 oriented