Analysis of Investment Policy in Indonesia After the Ratification of the Protocol To Amend The Asean Comprehensive Investment Agreement

  • Poly Pagna Deputy Director of Research Office at RULE, Kambodia
  • Dewa Putu Mantera Kepala Dinas Penanaman Modal Dan Pelayanan Terpadu Satu Pintu Provinsi Bali
  • Anak Agung Sagung Laksmi Dewi Fakultas Hukum, Universitas Warmadewa, Denpasar, Bali-Indonesia
Keywords: Investment Policy, Protocol To Amend The Asean Comprehensive Investment Agreement, Triple Helix Concept.

Abstract

The Government of Indonesia in an effort to increase Foreign Direct Investment (FDI) and increase trade between ASEAN member countries (intra-ASEAN Trade) ratified the protocol to amend the asean comprehensive investment agreement in the form of Presidential Regulation of the Republic of Indonesia Number 92 of 2015. Constrained by regulations concerning legalization and licensing at the center and in the area of accelerating efforts, the Investment Coordinating Board is given the task of coordinating the implementation of policies. Moving on from that, the problem was formulated regarding how the substance and investment policies in Indonesia after the ratification of the protocol to amend the asean comprehensive investment agreement. The substance of the protocol to amend the ASEAN comprehensive investment agreement is to create a free and open investment regime in ASEAN, through investment regimes, increased protection, increased transparency and predictability of rules, with fair competition and non-discrimination treatment. With the transition from the existence of the understanding of liberalism, efforts must be made to strengthen the family principle in accordance with Article 33 paragraph (1) of the Constitution. Globalization should be harmonized by considering the entire foundation and a material study of the academic community with the aim of defending the nation's ideology. Then the application of the Triple Helix concept as a transformation effort.

References

ASEAN Secretariat News. (2015). ASEAN Integration Report 2015. Retrieved from https://asean.org/asean-integration-report-2015-4/

Chesterman, S. (2015). From Community to Compliance? The Evolution of Monitoring Obligations in Asean. Cambridge: Cambridge University Press.

Drexl, J., Bakhoum, M., Fox, E. M., Gal, M. S., & Gerber, D. J. (2012). Competition Policy and Regional Integration in Developing Countries. Cheltenham: Edward Elgar Publishing. Retrieved from https://www.e-elgar.com/shop/competition-policy-and-regional-integration-in-developing-countries

Effendi, Y., & Suska. (2011). Asean Investment Forum Untuk Mendorong Investasi Di Kawasan Asean Yang Lebih Tinggi. Kementrian Keuangan Republik Indonesia. Retrieved from https://www.kemenkeu.go.id/sites/default/files/asean investment forum untuk mendorong investasi di kawasan asean_suska dan yuventus.pdf

Etzkowitza, H., & Leydesdorff, L. (2000). The dynamics of innovation: from National Systems and ‘“Mode2â€â€™ to a Triple Helix of university–industry–government relations. Research Policy, 29, 109–123. Retrieved from http://www.oni.uerj.br/media/downloads/1-s2.0-S0048733399000554-main.pdf

Hidayah, F. N., & Roisah, K. (2017). Analisis Dampak Kebijakan Pemerintah Indonesia Terhadap Persaingan Perdagangan Jasa Di Bidang Konstruksi Dalam Rangka Masyarakat Ekonomi Asean. Jurnal Law Reform Program, 13(1), 45. Retrieved from https://ejournal.undip.ac.id/index.php/lawreform/article/view/15950

Koestanto, R. B. D. (2011). Forum Investasi ASEAN Dibuka Hari ini. Kompas.Com: Jernih Melihat Dunia. Retrieved from https://tekno.kompas.com/read/2011/11/16/09581797/forum.investasi.asean.dibuka.hari.ini

Susanti, D. O. (2014). Penelitian Hukum (Legal Research). Jakarta: Sinar Grafika.

Xin, Z. (2017). Thai investors urged to launch ventures in ASEAN community. Xinhuanet. Retrieved from http://www.xinhuanet.com/english/2017-08/16/c_136530912.htm

Published
2019-08-21
Section
Articles
Abstract viewed = 205 times
PDF downloaded = 216 times