Indonesia-Australia Comprehensive Economic Partnership Agreement (IACEPA) in Economic Recovery During the Covid-19 Period
Main Article Content
Abstract
This article intends to explain the impact of the IA-CEPA agreement in restoring economic conditions during the Covid-19 period, especially in the fields of trade, investment, health and tourism. IA-CEPA, which takes effect from 5 July 2020, is a comprehensive partnership between Indonesia - Australia in the fields of trade in goods, investment, services, and also economic cooperation. This research is qualitative in nature by collecting data through literature study. The analysis knife in this research is international cooperation and bilateral relations. Apart from discussing trade in goods, the IA-CEPA agreement also encourages strategic partnerships in the fields of investment, economy, health, increasing labor capacity, trade in services, transportation, tourism and so on. The results of this study conclude that the IA-CEPA made a real contribution to economic recovery during the Covid-19 period. In the investment and trade sector, Australia provides loans to Indonesia to help the business world. In the health sector, cooperation is focused on the production of masks, medical devices and medical personnel. Meanwhile, in the field of tourism, the two countries are trying to increase the return of tourist visits by still paying attention to health, safety and tourism needs. Thus, the signing of the IA-CEPA illustrates the realization of good bilateral relations in which the two countries contribute to economic recovery during the Covid-19 period..
Downloads
Metrics
Article Details
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.