Regional Comprehensive Economic Partnership (RCEP) Agreement among ASEAN + Six FTA Partners (Australia, China, India, Japan, South Korea and New Zealand): Based on the Declaration of the Leaders during the ASEAN Summit in November 2012, negotiations for a comprehensive economic partnership between the 10 ASEAN member states and its six FTA partners commenced in May 2013. Ten rounds of negotiations have so far been held. The negotiations cover a number of areas like trade in goods, services, investment, intellectual property, economic and technical cooperation, competition, e-commerce and legal and institutional issues. Papua New Guinea is not a member of ASEAN.