scholarly journals Taiwan — A Potential Economic Partner of South Asia

2021 ◽  
Vol 02 (01) ◽  
pp. 2150006
Author(s):  
MOHAMMAD MASUDUR RAHMAN
Keyword(s):  
South Asia ◽  
Computable General Equilibrium ◽  
Bilateral Trade ◽  
Manufacturing Sector ◽  
High Tech ◽  
Investment Agreement ◽  
Alternative Markets ◽  
Economic Partnership ◽  
Partnership Agreement ◽  
Trade And Investment

Taiwan is a major hub of the global supply chains and one of the leading investors not only in China but also in other Southeast Asian markets. Although high trade complementary, bilateral trade between South Asia and Taiwan is only about US$ 9 billion, investment has only picked up recently. The computable general equilibrium (CGE) analysis indicates a substantial economic benefit of bilateral tariffs elimination between Taiwan and its South Asian partners. Taiwan has a substantial comparative advantage in producing high tech manufacturing goods while in South Asian’s main strength is in the resource-based agricultural and light manufacturing sector. Taiwan has been maintained a liberalized trade regime with minimal import tariffs and non-tariff measures (NTM) over the decades. As South Asia is booming, and Taiwan is seeking alternative markets and investments opportunities, it is time to deepen a bilateral economic relationship. South Asia is a market of 1.5 billion people with an emerging middle class along with substantial cheaper labor forces, made an ideal place for investment. A comprehensive economic partnership agreement (CEPA) with a preferential trade and investment agreement would be useful to attract Taiwanese multinationals and seamless trade between South Asia and Taiwan.

scholarly journals Economic Implications of the Regional Comprehensive Economic Partnership for Asia and the Pacific

2021 ◽  
Author(s):  
Cyn-Young Park ◽  
Peter A. Petri ◽  
Michael G. Plummer
Keyword(s):  
Computable General Equilibrium ◽  
Computable General Equilibrium Model ◽  
Regional Trade ◽  
Economic Implications ◽  
The Pacific ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
Factor Returns ◽  
Investment Patterns ◽  
Trade And Investment

The Regional Comprehensive Economic Partnership (RCEP) presents strong potential to mold regional trade and investment patterns well into the future and to influence the direction of global economic cooperation at a challenging time. This paper evaluates the RCEP’s impact on global and regional incomes, trade, economic structure, factor returns, and employment using a computable general equilibrium model. The results suggest that the RCEP agreement could generate sizable global income gains. Together with the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, the RCEP will also strengthen the region’s manufacturing supply chains, raising productivity and increasing wages and employment.

scholarly journals Crisis in Bilateral Economic Cooperation between Russia and Spain

2021 ◽  
Vol 14 (3) ◽  
pp. 189-208
Author(s):  
K. A. Nikulin
Keyword(s):  
Foreign Trade ◽  
Bilateral Trade ◽  
Point Of View ◽  
Total Trade ◽  
Economic Relations ◽  
Goods And Services ◽  
Trade Turnover ◽  
Economic Interaction ◽  
Economic Partnership ◽  
Trade And Investment

The article examines the dynamics and features of the trade and economic partnership between Spain and Russia from 2014 to the present, considering the latest challenges. The once promising trajectory of the development of bilateral trade and mutual investment has undergone significant tests: in addition to the sanctions pressure of the collective West countries, the situation has been complicated by the global crisis in the world economy, significant changes in world markets for goods and services, and the COVID-19 pandemic. In these conditions, the study of indicators of Russian-Spanish trade and economic interaction is of interest both from the point of view of forming a forecast for the development of bilateral economic relations and highlighting those industries towards which the emphasis in trade and investment is gradually shifting. The question arises: is it possible to return to the indicators of bilateral trade and investment inherent in Russian-Spanish economic relations before the imposition of sanctions? The data on the bilateral trade presented by the Russian and Spanish national statistics differ insignificantly in terms of the total trade turnover but have severe differences at the level of the trade balance. Based on both countries’ statistical databases, the author of the article presents the possible reasons for such discrepancies and considers the general dynamics of the state of foreign trade between Russia and Spain. In addition to stating the negative trends in foreign trade, there are problems in investment cooperation, which until recently was considered one of the “strongholds” of bilateral cooperation under the pressure of sanctions.

IJEPA: Gray Area for Health Policy and International Nurse Migration

2015 ◽  
Vol 24 (3) ◽  
pp. 313-328 ◽  
Author(s):  
Ferry Efendi ◽  
Timothy Ken Mackey ◽  
Mei-Chih Huang ◽  
Ching-Min Chen
Keyword(s):  
Health Worker ◽  
Bilateral Trade ◽  
Ethical Issues ◽  
Healthcare Access ◽  
Nurse Migration ◽  
Policy Proposal ◽  
Economic Partnership Agreement ◽  
Economic Partnership ◽  
Partnership Agreement ◽  
Health Worker Migration

Indonesia is recognized as a nurse exporting country, with policies that encourage nursing professionals to emigrate abroad. This includes the country’s adoption of international principles attempting to protect Indonesian nurses that emigrate as well as the country’s own participation in a bilateral trade and investment agreement, known as the Indonesia–Japan Economic Partnership Agreement that facilitates Indonesian nurse migration to Japan. Despite the potential trade and employment benefits from sending nurses abroad under the Indonesia–Japan Economic Partnership Agreement, Indonesia itself is suffering from a crisis in nursing capacity and ensuring adequate healthcare access for its own populations. This represents a distinct challenge for Indonesia in appropriately balancing domestic health workforce needs, employment, and training opportunities for Indonesian nurses, and the need to acknowledge the rights of nurses to freely migrate abroad. Hence, this article reviews the complex operational and ethical issues associated with Indonesian health worker migration under the Indonesia–Japan Economic Partnership Agreement. It also introduces a policy proposal to improve performance of the Indonesia–Japan Economic Partnership Agreement and better align it with international principles focused on equitable health worker migration.

scholarly journals ANALISIS DAMPAK LIBERALISASI PERDAGANGAN BARANG PADA PERUNDINGAN INDONESIA–EU CEPA TERHADAP PEREKONOMIAN INDONESIA

2017 ◽  
Vol 11 (2) ◽  
pp. 123-142
Author(s):  
Steven Raja Ingot ◽  
Ridho Meyrandoyo Hastjarjo
Keyword(s):  
European Union ◽  
General Equilibrium ◽  
Market Share ◽  
Computable General Equilibrium ◽  
Cooperation Agreement ◽  
Left Behind ◽  
Economic Partnership Agreement ◽  
Economic Partnership ◽  
Partnership Agreement ◽  
The Eu

Uni Eropa (EU) merupakan salah satu negara tujuan utama ekspor Indonesia, namun pangsa pasar Indonesia di Uni Eropa masih di bawah beberapa negara ASEAN lainnya. Pada tahun 2015, pangsa pasar Indonesia di Uni Eropa baru mencapai 0,37% masih berada di bawah pangsa pasar Thailand (0,48%), Malaysia (0,49%), dan Vietnam (0,74%) (Trademap 2017). Indonesia membutuhkan akses pasar untuk dapat meningkatkan pangsa pasar di Uni Eropa dan salah satunya adalah dengan melakukan liberalisasi perdagangan barang. Studi ini bertujuan untuk menganalisis dampak liberalisasi perdagangan barang terhadap perekonomian Indonesia dengan dua opsi, yaitu Simulasi 1 (SIM1) yaitu penghapusan tarif 100% untuk 4.945 pos tarif HS 6 digit. Simulasi 2 (SIM2) yaitu penghapusan tarif 100% kecuali untuk Uni Eropa sebanyak 260 pos tarif dan  Indonesia sebanyak 235 pos tarif. Simulasi 2 digunakan untuk mempertimbangkan modalitas yang mirip dengan modalitas Vietnam-EU Partnership and Cooperation Agreement (Vietnam-EU PCA). Metode analisis yang digunakan adalah model Computable General Equilibrium (CGE) yang terdapat pada Global Trade Analytical Project (GTAP). Hasil analisis menunjukkan bahwa simulasi 1 memberikan dampak yang lebih baik dibandingkan dengan simulasi 2, karena tingkat pertumbuhan ekonomi dan kesejahteraan Indonesia pada simulasi 1 lebih besar daripada simulasi 2. Namun demikian, Indonesia tetap dapat menggunakan modalitas sebagaimana dilakukan oleh kerjasama Vietnam-EU PCA sebagai dasar perundingan Indonesia – European Union Comprehensive Economic Partnership Agreement (I-EU CEPA) karena selisihnya dikategorikan tidak terlalu besar. European Union (EU) is one of the main destinations of Indonesian export; however, the Indonesia’s market share has been left behind compared to some other ASEAN countries. In 2015, Indonesia's market share in the EU has reached only 0.37%, which was still left behind from the market share of Thailand (0.48%), Malaysia (0.49%) and Vietnam (0.74%) (Trademap, 2017). Indonesia requires a market access to increase market share in the EU, for instance by liberalizing trade in goods. This study aims  to analyze the impact of liberalization of trade in goods on the Indonesian economy with two options: Simulation 1(SIM 1) by reducing tariff 100% for 4,945 tariff lines based on HS 6 digits, and Simulation 2 (SIM 2) by reducing 100% tariffs except 260 tariffs lines of EU and 235 tariff lines of Indonesia. Simulation 2 was conducted to consider the similiar modalities undertaken by Vietnam-EU Partnership and Cooperation Agreement (Vietnam-EU PCA). The analytical methods used Computable General Equilibrium (CGE) model in the Global Trade Analytical Project (GTAP). The result shows that simulation 1 gives a better impact compared to simulation 2, as the level of economic growth and the welfare of Indonesia. Simulation 1 is larger than Simulation 2. However, Indonesia can use the modalities similar with Vietnam-EU PCA modalities as the basis of the Indonesia-EU Comprehensive Economic Partnership Agreement (I-EU CEPA) negotiations because the difference is not significant. 

scholarly journals DIPLOMASI EKONOMI INDONESIA DAN PASAR PROSPEKTIF DI KAWASAN PACIFIC ALLIANCE: STUDI KASUS MEKSIKO DAN CHILE

2018 ◽  
Vol 2 (2) ◽  
pp. 161
Author(s):  
Leonard Hutabarat
Keyword(s):  
Latin American ◽  
Emerging Economies ◽  
Bilateral Trade ◽  
Trade Agreement ◽  
Economic Diplomacy ◽  
Traditional Markets ◽  
Latin American Region ◽  
Economic Partnership Agreement ◽  
Economic Partnership ◽  
Partnership Agreement

This article argues that Indonesian economic diplomacy should consider Mexico and Chile as member of Pacific Alliance in Latin American region as the prospective markets for Indonesia in the future. As emerging economies, these two countries have positive economic projection, population growth and their demand for import products from other region. Based on economic diplomacy concept, Indonesian efforts to negotiate bilateral trade agreements (free trade agreement) or Comprehensive Economic Partnership Agreement (CEPA) with Mexico and Chile will be part of longterm strategy to build these countries as two of Indonesian non traditional markets. Keywords : Economic Diplomacy, Pacific Alliance, Mexico, Chile Abstrak Artikel ini berargumen bahwa diplomasi ekonomi Indonesia perlu mempertimbangkan Meksiko dan Chile yang merupakan negara anggota Aliansi Pasifik di kawasan Amerika Latin sebagai pasar prospektif bagi Indonesia pada masa yang akan datang. Sebagai emerging economies, kedua negara ini memiliki proyeksi ekonomi yang positif, pertumbuhan penduduk dan kebutuhannya terhadap produk-produk impor dari kawasan lain. Berdasarkan konsep diplomasi ekonomi, upaya-upaya Indonesia untuk menegosiasikan perjanjian-perjanjian perdagangan bilateralnya (perjanjian perdagangan bebas) atau Comprehensive Economic Partnership Agreement (CEPA) dengan Meksiko dan Chile akan menjadi bagian dari starategi jangka panjang untuk mengembangkan kedua negara ini sebagai dua pasar non tradisional Indonesia. Kata Kunci : Diplomasi Ekonomi, Aliansi Pasifik, Meksiko, Chile

scholarly journals DAMPAK PERJANJIAN PERDAGANGAN INDONESIA - JEPANG (IJEPA) TERHADAP KINERJA PERDAGANGAN BILATERAL

2015 ◽  
Vol 9 (2) ◽  
pp. 129-151
Author(s):  
Septika Tri Ardiyanti
Keyword(s):  
Bilateral Trade ◽  
Moving Average ◽  
Arima Model ◽  
Autoregressive Integrated Moving Average ◽  
Monitoring Scheme ◽  
Economic Partnership Agreement ◽  
The Difference ◽  
Economic Partnership ◽  
Partnership Agreement ◽  
The Impact

Studi ini bertujuan untuk mengkaji dampak perjanjian Indonesia – Japan Economic Partnership Agreement (IJEPA) terhadap perdagangan bilateral Indonesia-Jepang dari sisi ekspor maupun impor, dengan menggunakan data bulanan Januari 1990 sampai dengan Juni 2014. Studi ini menggunakan pendekatan counterfactual dengan melakukan ekstrapolasi terhadap data perdagangan tanpa FTA (basis ekstrapolasi Jan 1990-Juni 2008) dan kemudian membandingkannya dengan data perdagangan aktual pada saat IJEPA telah diimplementasikan (Juli 2008-Juni 2014). Ekstrapolasi dilakukan dengan menggunakan metode Autoregressive Integrated Moving Average (ARIMA), sementara untuk menguji perbedaan antara kedua pengamatan data aktual dengan data ekstrapolasi digunakan uji t -berpasangan. Hasil analisis menunjukkan bahwa IJEPA secara signifikan mampu meningkatkan nilai ekspor non migas Indonesia ke Jepang, namun tidak memiliki dampak signifikan terhadap peningkatan nilai impor non migas Indonesia dari Jepang. Dengan demikian, Indonesia terbukti mendapatkan keuntungan dari sisi perdagangan karena mampu meningkatkan nilai ekspornya ke Jepang. Oleh karena itu, kerjasama yang intensif antara kedua negara harus terus ditingkatkan untuk mengoptimalkan perjanjian tersebut. Pemerintah dapat mengusulkan adanya bilateral monitoring scheme kepada pemerintah Jepang dalam rangka meningkatkan pemanfaatan IJEPA. This study aims at examining the impact of Indonesia-Japan Economic Partnership Agreement (IJEPA) towards bilateral trade between Indonesia and Japan, using monthly data from January 1990 to June 2014. This research used a counterfactual approach by constructing extrapolated trade values with pre-FTA data (extrapolation based on January 1990-June 2008), then comparing those extrapolated data with the actual trade data in the period after the implementation of IJEPA (July 2008-June 2014). The extrapolation was done using Autoregressive Integrated Moving Average (ARIMA) model, while paired t-test was used to examine the difference between the actual data and the extrapolated data. The results show that IJEPA can significantly increase the value of Indonesia’s non-oil exports to Japan, but it has no significant impact on the value of Indonesia’s non-oil imports from Japan. It is proven that Indonesia gets benefits from IJEPA in terms of foreign trade since it can increase its export value to Japan. Therefore, intensive cooperation between Indonesia and Japan should be improved by proposing a bilateral monitoring scheme to the Japanese government in order to improve the functions of IJEPA.

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