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Should Indonesia join the Trans-Pacific Partnership?

Author

Listed:
  • Prasetyono, Pipin
  • Wibowo, Agung

Abstract

In October 2015, 12 Pacific Rim economies reached a conclusion to establish a new free-trade agreement, namely the Trans-Pacific Partnership (TPP). The TPP has five features to cope both issues covered by previous free trade agreements as well as current and emerging trade issues, which are (1) comprehensive market access by eliminating or reducing tariff and non-tariff barriers, (2) regional approach to commitments, (3) addressing new trade challenges by promoting innovation, productivity, and competitiveness, (4) inclusive trade by covering the issue of small and medium enterprises and capacity building in trade and development issues, and (5) platform for Pacific integration by an open membership system. During his visit to Washington DC in late October 2015, President of Indonesia Mr. Joko Widodo officially declared Indonesia’s intention to join the TPP. This paper aims to investigate the economic benefits and challenges of joining the TPP for Indonesia. This paper argues that Indonesia should join the TPP, given the vast and wide opportunities of new market expansion

Suggested Citation

  • Prasetyono, Pipin & Wibowo, Agung, 2016. "Should Indonesia join the Trans-Pacific Partnership?," MPRA Paper 97786, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:97786
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    File URL: https://mpra.ub.uni-muenchen.de/97786/1/MPRA_paper_97786.pdf
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    References listed on IDEAS

    as
    1. Juyoung Cheong & Do Won Kwak & Kam Ki Tang, 2015. "Can Trade Agreements Curtail Trade Creation and Prevent Trade Diversion?," Review of International Economics, Wiley Blackwell, vol. 23(2), pages 221-238, May.
    2. Alan V. Deardorff, 2014. "Trade Implications of the Trans-Pacific Partnership for ASEAN and Other Asian Countries," Asian Development Review, MIT Press, vol. 31(2), pages 1-20, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    pacific; partnership; trade; free trade; agreement; investment;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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