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All Journal Edukasi Islami: Jurnal Pendidikan Islam Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences JURNAL RECTUM: Tinjauan Yuridis Penanganan Tindak Pidana GOVERNANCE: Jurnal Ilmiah Kajian Politik Lokal dan Pembangunan International Journal of Educational Review, Law And Social Sciences (IJERLAS) Jurnal Ekonomi Jurnal Info Sains : Informatika dan Sains Jurnal Hukum Sehasen Locus Journal of Academic Literature Review Journal of Management Analytical and Solution International Journal of Economic, Technology and Social Sciences (Injects) LAWYER: Jurnal Hukum Journal Of Management Analytical and Solution (JoMAS) International Journal of Sociology and Law Journal of International Islamic Law, Human Right and Public Policy International Journal Of Synergi In Law, Criminal And Justice International Journal of Society and Law
Abdul Razak Nasution
Universitas Pembangunan Panca Budi
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Political and Economic Justifications for Conditional Trade Barriers: Anti-Dumping Duty, Safeguard Measure and National Security Exception Abdul Razak Nasution
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 4, No 3 (2021): Budapest International Research and Critics Institute August
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v4i3.2199

Abstract

Long-term economic and trade cooperation. For the next stage, OKI is expected to lead to higher economic development, such as cooperation in the financial sector. This paper will discussed the possibility of OIC member countries work together to form a common currency area. They use the VAR method approach to test the possibility of a common currency area among OIC member countries. Starting with countries in the Middle East region such as Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates, data analysis from 1975-2011 shows that it is possible to establish a common currency area before finally being used as a reference for the formation of the region. Common currency within the scope of OIC members. The study results show that demand and supply fluctuations align with structural fluctuations in five countries (Iran, Iraq, Qatar, Saudi Arabia, and the United Arab Emirates). This indicates a standard exchange rate system pegged to a particular currency, namely the US Dollar. There is an opportunity for economic integration at a higher level. However, for Kuwait, which is opposite to the other five countries, it can be caused by various factors such as differences in the monetary system to patterns of economic growth and macro policies in the local country. So that these factors can also be an inhibiting factor for the occurrence of a common currency area between companies OIC members.
Analysing Impacts of Preferential Trade Agreements toward International Rule-Based Trading System Abdul Razak Nasution
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 4, No 4 (2021): Budapest International Research and Critics Institute November
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v4i4.3336

Abstract

International economic law was born in line with the development of international economic relations. International economic law can continue to exist because it is needed by every country in participating in the international arena to expand its market share. The change in the international trade system towards liberalization, such as ASEAN becoming the ASEAN Economic Community at the end of 2015, creates many opportunities as well as challenges for Indonesia's balance of payments condition. The opportunity in question is that Indonesia can expand its market reach to other ASEAN countries. Another positive impact of the existence of the AEC is that Indonesian investors can expand their investment reach abroad, and vice versa, Indonesia can also attract investors from other ASEAN countries to invest in Indonesia. Meanwhile, the challenge is, with the level of trade competition getting tighter, the greater the trade balance deficit between Indonesia and other ASEAN countries, and how Indonesia can increase its investment attractiveness. This study was conducted to determine the impact of the ASEAN Economic Community (AEC) on Indonesia's Balance of Payments in 2017. From the results of data analysis, in 2016, there was a decrease in the number of exports of goods from USD 148,365 million in 2015, to USD 144,441 million in 2016. The services trade balance deficit in 2016 decreased to USD6.5 billion from USD8.7 billion in 2016.
Co-Authors Amriza Putra Anggi Putra Dito Harahap Edi Winata Enos Bonar Hasudungan Lumban Tobing Faisal, Agus Febri Hariono Nababan Finisia Bako Fitria Ramadhani Siregar Henry Aspan indrawan, muhammad isa indrawan Isa Ramiati Jacky Wicaksana Mhd. Azhali Siregar Muhammad Reski Ansyah Okta Lestari Br. Ginting Palti Habeahan Rahul Ardian Fikri Rasidin Saragih Rindi Andika Rizana, Raden Herwin Saiful Azmi Hasibuan Simanjuntak, Fadma Marcela Siregar, Abdul Rahman Maulana Suardi, Elfazahra Syaiful Asmi Hasibuan, Syaiful Asmi T Riza Zarzani Yadika Fredera Sebayang