Japan–Indonesia Economic Cooperation: An Overview

2021 ◽  
Vol 13 (04) ◽  
pp. 78-91
Author(s):  
SENIWATI ◽  
Munif Arif RANTI ◽  
Oktaviano Nandito GUNTUR ◽  
Ibnu Aly BADIU

This article aims to deepen our knowledge of Japan’s foreign policy in the Southeast Asian region and its role in Indonesia’s economic development, focusing on their economic cooperation via the Indonesia–Japan Economic Partnership Agreement (IJEPA) and Manufacturing Industry Development Centre (MIDEC) programme. The former has promoted cooperation via a tariff reduction scheme, while the latter facilitates the Indonesian government’s aid to micro, small and medium enterprises in the entrepreneurial sector.

2021 ◽  
Author(s):  
◽  
Thuy Ngoc Van Le

<p>Since the early years of the past century, the expansion of integration and economic cooperation has become an inevitable trend for economic development of countries. The globalization has opened up significant economic opportunities to countries that no one can deny. In such context of the international division of labor is going strong, the international economic cooperation has become the best way for states to promote their maximum advantage, as well as fully exploit the benefits of the other countries to serve their country namely, Singapore, Malaysia and Thailand. Vietnam, too, to accelerate the process of industrialization and modernization, the Communist Party and government have been implementing the foreign policy of openness and diversification and multilateral international economic relations, taking the objectives of peace and development as the standard for all external activities.  Unexceptionably, both Vietnam and Japan have found each other in the favorable conditions, as well as the mutual national economic benefits to develop and strengthen bilateral cooperation relationships between the two countries. The pinnacle of this relation was marked by the Vietnam-Japan Economic Partnership Agreement signed in 2008. After over three years of implementation, there have been a significant benefits and opportunities gaining from the Vietnamese-Japanese trade relations. Besides the positive results achieved in the trade relations, there have been some limitations that need to be surmounted, removed to further develop the full potential of the two countries, to strengthen the relationship between the two nations.  The purpose of this research is to evaluate economic effects of Vietnam’s accession to Vietnam-Japan Economic Partnership Agreement (VJEPA) by implementing tariff elimination, logistics enhancement, and reduction in service trade barriers. The hypothesis is that two participating countries can benefit from the accession, resulted in higher real GDP and economic development. The research has found out that VJEPA is an important step on a longer journey of partnership between the two countries through the evidences of new opportunities for both but there is still a lot of work to be done on both sides to take full advantage of the relationship.</p>


2021 ◽  
Author(s):  
◽  
Thuy Ngoc Van Le

<p>Since the early years of the past century, the expansion of integration and economic cooperation has become an inevitable trend for economic development of countries. The globalization has opened up significant economic opportunities to countries that no one can deny. In such context of the international division of labor is going strong, the international economic cooperation has become the best way for states to promote their maximum advantage, as well as fully exploit the benefits of the other countries to serve their country namely, Singapore, Malaysia and Thailand. Vietnam, too, to accelerate the process of industrialization and modernization, the Communist Party and government have been implementing the foreign policy of openness and diversification and multilateral international economic relations, taking the objectives of peace and development as the standard for all external activities.  Unexceptionably, both Vietnam and Japan have found each other in the favorable conditions, as well as the mutual national economic benefits to develop and strengthen bilateral cooperation relationships between the two countries. The pinnacle of this relation was marked by the Vietnam-Japan Economic Partnership Agreement signed in 2008. After over three years of implementation, there have been a significant benefits and opportunities gaining from the Vietnamese-Japanese trade relations. Besides the positive results achieved in the trade relations, there have been some limitations that need to be surmounted, removed to further develop the full potential of the two countries, to strengthen the relationship between the two nations.  The purpose of this research is to evaluate economic effects of Vietnam’s accession to Vietnam-Japan Economic Partnership Agreement (VJEPA) by implementing tariff elimination, logistics enhancement, and reduction in service trade barriers. The hypothesis is that two participating countries can benefit from the accession, resulted in higher real GDP and economic development. The research has found out that VJEPA is an important step on a longer journey of partnership between the two countries through the evidences of new opportunities for both but there is still a lot of work to be done on both sides to take full advantage of the relationship.</p>


2017 ◽  
Vol 8 (5-1) ◽  
pp. 9-18
Author(s):  
Charlie Albert Lasuin ◽  
Azizah Omar ◽  
T. Ramayah

Abstract TPPA faced turbulence and uncertainty among its members when the newly-elected President of the United States, Mr. Donald Trumps abandoned the trade deal. Now, the so-called TPP11 or TPP 12 minus one becomes talk of the town especially to the remaining countries with hopes that the trade deal can be salvage and turn into a reality. Malaysia has another option to rely on in case the trade deal faced the dead end. This paper discuss the possible steps and mitigations for Malaysia and also local SMEs in dealing with the future of TPP11 with the alternative economic deal such as Asean Economic Community (AEC) and Regional Comprehensive Economic Partnership (RCEP). Local SMEs can enhance their products and services by focusing on domestic market as well as looking for opportunity in the international market as another way to survive in the red ocean market. The introduction of the Digital Free Trade Zone (DFTZ) creates another opportunity for Malaysian SMEs to optimise the emerging growth of the Internet economy and cross border e-commerce activities. In addition, the DFTZ would enhanced local SMEs in terms of export capabilities in the digital market particularly with China. Local SMEs should remain proactive, resilience and versatile in facing the world’s economic uncertainty particularly the TPP for the sustainability of their business livelihood. Thus, this paper will review the next step for Malaysian SMEs in dealing with the uncertain future of the TPPA minus 1.


2014 ◽  
Vol 06 (03) ◽  
pp. 114-128
Author(s):  
Syamsul HADI

The Indonesia-Japan Economic Partnership Agreement (IJEPA) faces many obstacles to its full realisation, especially in manpower and capacity building cooperation. Japan's tariff reduction under the IJEPA does not necessarily lead to Indonesia's automatic market penetration as the real challenge is not on tariff, but non-tariff barriers. The investment sector on the other hand has shown relative good progress, especially on Japanese increasing interests as well as its actual investment in various sectors in Indonesia.


Author(s):  
Noor Hassanah Husin ◽  
Nur Naha Abu Mansur ◽  
Nur Naha Abu Mansur ◽  
Beni Widarman Yus Kelana

Innovation plays a major role and is a crucial component of the organization’s growth. Creativity and innovation have become increasingly popular as key contributors to firm success in the last few decades or so. The incoming technology of Industrial Revolution 4.0 forced many companies to be innovative to compete in technological era. However, many SMEs are not ready and less innovative. Furthermore, there is lack of research focus on HPWS implementation amongst SMEs indicates that further research must be conducted along these lines. Therefore, this study aim to investigate the effect of high performance work system (HPWS) towards innovative work behaviour of employees in small and medium enterprises. This study used quantitative approach to identify the critical success factor of high performance work systems (HPWS) in Malaysian small and medium enterprises (SME) manufacturing industry. This study used descriptive analysis to analyze the data. Five-point Likert scales items ranging from (1-strongly disagree, 5 – strongly agree) employed for measuring the HPWS. Therefore, the total of 81 items survey questions were adapted to obtain the respondents for SME manufacturing industry. Reliability analysis shows that all the HPWS dimensions have very good reliability with Cronbach’s alpha value range from 0.884 to 0.976. According to Tang et al (2014), Cronbach’s alpha range between 0.70 and 0.80 considered as good reliability whereby 0.80 and 0.90 considered as very good reliability. Result also showed that selective staffing has the highest mean score followed by employee participation, which are 3.951 and 3.833 respectively. This proved that selective staffing is most important critical success factor in the HPWS implementation for Malaysian SME manufacturing industry. Keywords: high performance work system, work engagement, innovative work behaviour, small and medium enterprise.


Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.


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