How Far Can Indonesia Go? Utilizing TSIA on the Would-Be TPP Impact for Indonesia
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By offering the Trade Sustainability Impact Assessment (TSIA) assessment tools and beyond, the article discusses economic and non-economic aspects worth considering in light of Indonesia’s interest to join the Trans-Pacific Partnership (TPP). It identifies trade and non-trade elements of which future signatories of TPP Agreement such as Indonesia must take into account prior to its final decision on whether to join. Utilizing sustainable development perspective to assess a free trade agreement (FTA), TSIA offers a distinctive feature of measuring not only an FTA economic impact, but also non-trade ones that potentially arise from the agreement. This chapter accordingly offers a framework by which a careful and thorough assessment is required and of which rational calculation is settled on whether the benefits of joining TPP would outweigh the costs of remaining outside the agreement.
KeywordsTrade sustainability impact assessment (TSIA) Free trade agreement (FTA) Trans-Pacific Partnership (TPP) Sustainable development perspective Indonesia’s manufacture Indonesia’s IPR protection sector
The original version of this article was presented at the Conference on “Trans-Pacific Partnership: A Paradigm Shift in International Trade Regulation?” jointly organised by the Centre for Financial Regulation and Economic Development (CFRED), Faculty of Law, the Chinese University of Hong Kong (CUHK) and the Asia WTO Research Network (AWRN) (Hong Kong, May 16–18 2016). The authors would like to thank Ms. R.V. Anuradha (Partner, Clarus Law Associates, New Delhi, India) and Mr. Heng Wang (Associate Professor, University of New South Wale, Australia) for their enlightening insights and worthwhile comments and suggestions during the discussion following our presentation. Acknowledgement also goes to fellow AWRN members and conference participants during the question and answer session for their valuable comments and inputs.
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