{"title":"THE POLICY OF ASEAN COMPREHENSIVE INVESTMENT AGREEMENT (ACIA) IN THE LAW OF INDONESIA'S CAPITAL INVESTMENT ON THE ASEAN ECONOMIC COMMUNITY","authors":"Delfiyanti","doi":"10.1515/9783110678666-029","DOIUrl":null,"url":null,"abstract":"By the blueprint of ASEAN Economic Community 2015, it is arguing that ASEAN intend to realize the free single market on capital investment of the member states. By the reason, the comprehensive agreement on investment known as ASEAN Comprehensive Investment Agreement (ACIA) 2009 was executed. It involves comprehensive investment in ASEAN to establish ―an open and free capital investment regime‖ for support of economic development in realizes the social welfare. In other side, Indonesia was executing the Capital Investment Law, Act No.25 of 2007 on regulation of investment in Indonesia. The study intends to analyze an implementation of ACIAs policy on regulation of investment in Indonesia. Secondly, it is reviewing an implication of ACIA to the development of capital investment in Indonesia. The method used in research is social legal study. It is arranged to analyze an implementation of ACIAs policy. Moreover, in complement the validity of data, it is arranged an interview comprehensively to the concerned parties. Then, the normative legal study also arranged by literature study in reviews the content of ACIA and Act of Capital Investment of Indonesia, and any related stipulation and the implication to Indonesia. The ASEAN Comprehensive Investment Agreement intend to create the free and open capital investment regime in ASEAN by progressive liberalization on regimes in the member states to obtain the final destination of economic integration in ASEAN Economic Community (AEC). It is important to Indonesia as there is an opportunity in use the cooperation to improve and developing an economy of Indonesia. There is a challenge, however, in harmonize the legal admission of capital investment in Indonesia between Act No.25 of 2007 and ACIA. In this case, in correlation with capital investment that will be established and the dispute of settlement for the future, the legal harmonization is absolutely important.","PeriodicalId":424710,"journal":{"name":"The International Conference on ASEAN 2019","volume":"242 ","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"The International Conference on ASEAN 2019","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1515/9783110678666-029","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
By the blueprint of ASEAN Economic Community 2015, it is arguing that ASEAN intend to realize the free single market on capital investment of the member states. By the reason, the comprehensive agreement on investment known as ASEAN Comprehensive Investment Agreement (ACIA) 2009 was executed. It involves comprehensive investment in ASEAN to establish ―an open and free capital investment regime‖ for support of economic development in realizes the social welfare. In other side, Indonesia was executing the Capital Investment Law, Act No.25 of 2007 on regulation of investment in Indonesia. The study intends to analyze an implementation of ACIAs policy on regulation of investment in Indonesia. Secondly, it is reviewing an implication of ACIA to the development of capital investment in Indonesia. The method used in research is social legal study. It is arranged to analyze an implementation of ACIAs policy. Moreover, in complement the validity of data, it is arranged an interview comprehensively to the concerned parties. Then, the normative legal study also arranged by literature study in reviews the content of ACIA and Act of Capital Investment of Indonesia, and any related stipulation and the implication to Indonesia. The ASEAN Comprehensive Investment Agreement intend to create the free and open capital investment regime in ASEAN by progressive liberalization on regimes in the member states to obtain the final destination of economic integration in ASEAN Economic Community (AEC). It is important to Indonesia as there is an opportunity in use the cooperation to improve and developing an economy of Indonesia. There is a challenge, however, in harmonize the legal admission of capital investment in Indonesia between Act No.25 of 2007 and ACIA. In this case, in correlation with capital investment that will be established and the dispute of settlement for the future, the legal harmonization is absolutely important.