Intellectual property protection provisions (Chapter 5, Appendix XVII and Patent Protocol) include, among other things, trademarks, copyrights, patents, undisclosed information, industrial designs and geographical indications, and include provisions relating to the application of intellectual property rights and cooperation between the parties. These provisions are based on the WTO agreement on trade-related aspects of intellectual property rights (TRIPS) and provide for a high level of protection, taking into account the principles of the most favoured nation and national treatment. This study is an in-depth review of ASEAN and the EU`s plan for the creation of a free trade agreement. In particular, it seeks, using qualitative and quantitative methods, to assess the economic impact of this proposed free trade agreement on one of ASEAN`s developing countries, Indonesia. Both Indonesia and the EU have improved their bilateral economic relations by signing a Partnership and Cooperation Agreement (CPA) in 2009 covering various areas of cooperation, such as trade, investment, human rights and climate change. The CPA with Indonesia is the first such agreement signed by the EU with an Asian country; it thus reinforces Indonesia`s diplomatic image in the eyes of European policy makers. Although many studies have been conducted to analyze the feasibility of an AEUFTA, little critical research has been conducted on this subject. This study is therefore an initiative to fill this gap. A Framework Agreement on Partnership and Comprehensive Cooperation was signed on 9 November 2009 and came into force on 1 May 2014. The agreement forms the basis of regular political dialogue and sectoral cooperation and takes bilateral relations to the next level. The agreement provides a legal framework for integration and cooperation in a wide range of policy areas, including human rights, political dialogue and trade.
The objective of Chapter 4 is to improve the legal environment for investors in EFTA countries and Indonesia who invest in the other country`s markets. This objective is achieved by granting non-discriminatory settlement rights (“commercial presence”) in sectors not covered by the trade in services chapter and listed in Appendix XVI. In some of these economic zones, the contracting parties have included reservations on domestic treatment on the basis of restrictions in their national legislation. The chapter is subject to periodic review to examine the possibility of changes in the parties` commitments. The EU presented Indonesia with the following text proposals as a basis for discussion. These texts represent only the EU`s initial legislative proposals on the issues of the EU-Indonesia trade agreement, and the EU reserves the right to make further changes to the text by amending, supplementing or removing it at any time. For explanatory purposes, proposals for texts are published, accompanied by brief fact sheets on the various topics. A section on sustainable development is included in the agreement. The parties recognize that economic development, social development and environmental protection are interdependent. In Chapter 8, they reaffirm their commitment to multilateral contracts and principles in the environment and work and commit to a level of protection by recognizing the right of each party to set its own level of environmental and labour protection. Arbitration procedures do not apply to this chapter. A free trade agreement (FTA) will establish a key aspect of economic relations between the EU and Indonesia, which is governed by the Partnership and Cooperation Agreement.
The agreement came into force on May 1, 2014. New free trade negotiations are under way with India and Korea, including India and Korea. At the same time, the government is trying to renegotiate an important agreement with Japan to further boost bilateral trade. The spread of the Pandemic Corona is also hampering the process of trade negotiations with the government of several partner countries.