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The Prospect of IORA Comprehensive Economic Partnership Agreement (CEPA)

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The Prospect of IORA Comprehensive Economic Partnership Agreement (CEPA) The Prospect of IORA Comprehensive Economic Partnership Agreement (CEPA) 2017 Center for Policy Analysis and Development Asia Pacific and Africa Region Ministry of Foreign Affaris of The Republic of Indonesia Chief Editor Dr Siswo Pramono, LL.M, Policy Analysis and Development Agency (PADA), Ministry of Foreign Affairs of the Republic of Indonesia 1 Published by Center of Policy Analysis and Development Agency on Asia Pacific and Africa Regions, Ministry of Foreign Affairs of the Republic of Indonesia on 2017 Central Jakarta 10110 Indonesia E-mail: [email protected] Printed by ©2017 Badan Pengkajian dan Pengembangan Kebijakan 2 Table Of Contents Section 1: Introduction ..................................................................................... 12 Introduction ....................................................................................... 12 Research Focus............................................................................... 13 Research Questions : ...................................................................... 13 Method Of Research : ..................................................................... 13 Section 2: ............................................................................................................ 14 Chapter II ........................................................................................ 14 Measuring Economic Cooperation In Indian Ocean Rim: ............... 14 An Illustrated Sketch About Regional Architecture ......................... 14 Iora Is To Promote A Robust Economic Cooperation ..................... 14 History Matters: An Indonesian Perspective ................................... 14 On Diaspora ................................................................................... 17 Decolonized Indian Ocean Rim ...................................................... 17 Other Parameters: Political Stability And Security ......................... 18 Indian Ocean As We Know It Today: A Contemporary Sketch ...... 19 Assuring The Sustained Growth: Innovation As A Key Factor ....... 21 From Innovation To Competitiveness:............................................ 24 Ease Of Doing Business In Indian Ocean ....................................... 27 More Focusing On Cooperation And Norm-Setting ....................... 32 Conclusion: Towards An Indian Ocean Architecture ...................... 33 Section 3: ............................................................................................................ 34 Chapter III ....................................................................................... 34 Regional Economic Mapping ........................................................... 34 A. India .......................................................................................... 34 Trade .................................................................................... 35 Banking Or Financial Services ............................................. 36 3 Investment ............................................................................ 36 Infrastructure ........................................................................ 37 Tourism ................................................................................ 37 Energy .................................................................................. 38 Fishery ................................................................................. 39 Market Access ...................................................................... 39 Trade Facilitation ................................................................. 40 Non-Tariff Barrier ................................................................ 40 B. Malaysia .................................................................................... 41 Connectivity ......................................................................... 42 Investments .......................................................................... 44 Ease Of Doing Business & Innovation Index ....................... 45 Malaysia And Iora ................................................................ 45 C. Australia .................................................................................... 45 Investment ............................................................................ 48 Australia And Iora ..................................................................... 50 Iora-Cepa .................................................................................. 50 A. Singapure ........................................................................ 51 Trading ................................................................................. 51 Investment ............................................................................ 52 Banking ................................................................................ 53 Technology .......................................................................... 53 Changi International Airport ................................................. 53 Telecommunication .............................................................. 54 Tourism ................................................................................ 54 Singapore And Iora ................................................................... 54 A.Iran ................................................................................... 55 B.United Arab Emirates ....................................................... 61 4 C. Mauritius ......................................................................... 70 Section 4: ............................................................................................................ 85 Chapter IV ....................................................................................... 85 Right Model For Enhancing Economic Cooperation Iora ................ 85 Economic Integration ..................................................................... 85 Free Trade Economic Integration ................................................... 85 Comprehensive Economic Partnership Agreement (Cepa) ............. 88 Discourse Formation Of Iora-Cepa ................................................. 89 Sectoral .......................................................................................... 89 Blue / Ocean Economy ................................................................... 90 Tourism .......................................................................................... 92 Apec Model / Trade Facilitation ..................................................... 93 Proposed Trade Facilitation In Iora ................................................ 95 Bilateral Cooperation Within Iora .................................................. 97 Appropriate Cooperation ................................................................ 97 Section 5: .......................................................................................................... 110 Conclusion ..................................................................................... 110 Recommendation .......................................................................... 111 Cost And Benefit Of Indian Ocean Rim Association (Iora) Trade Cooperation For Indonesia .............................................................. 112 Aziza Rahmaniar Salam & Ridho Meyrandhoyo Middle Researcher And Policy Analyst At The Center For Assessment Of International Trade Cooperation ............................ 112 Agency For Assessment And Development Of Trade ................... 112 Ministry Of Trade Of The Republic Of Indonesia ......................... 112 Policy Issues:................................................................................ 112 Trade Performances Of Indonesia And The World And IndonesiaAnd The Iora Member Countries ................................... 112 5 Costs And Benefits Analysis Of The Iora Trade Cooperation To The Macro And Sectoral Economics ............................................ 113 11.1. Impact On Macro Economy ................................................. 113 Benefits .............................................................................. 113 Cost .................................................................................... 114 11.2. Impact On Sectoral Economy .............................................. 114 Benefits .............................................................................. 114 Costs .................................................................................. 114 Indonesia Cooperation With Iora, Aagc And Obor ............. 115 Conclusions And Recommendations .................................. 116 Editors .............................................................................................................. 118 Facilitators ....................................................................................................... 119 Bibliography .................................................................................................... 120 List Of Abbreviation ....................................................................................... 122 6 Table Tabel 1.: Commodity Trade Complementarity in Indian Ocean ........................................................... 17 Tabel 2 list of IORA ............................................................................................................................. 21 Tabel 3 depicts the change of score by comparing the database of 2010 with 2015. .........................
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