Journal of World Trade Studies
Journal of World Trade Studies (JWTS) is a peer-reviewed, multidisciplinary, and open access journal that engages with issues surrounding global trade, covering its political-economic, legal, socio-cultural, as well as applied and technical aspects. JWTS provides an in-depth and thought-provoking analysis of the world trading system designed and exercised at multilateral, plurilateral, regional, and bilateral levels. JWTS particularly focuses on analysing regimes that regulate and sustain the world trading system and examining important developments in the global trade landscape. JWTS welcomes manuscripts from academics and practitioners who employ interdisciplinary perspectives and focus on areas that are currently neglected or under-researched. By presenting a rigorous analysis, JWTS seeks to foster knowledge on global trade and assist policy-makers and trade negotiators in producing evidence-based trade policies.
Articles
68 Documents
Unbalanced Economic Growth and Dynamic Trade Specialization
Tri Widodo;
Samsubar Saleh
Journal of World Trade Studies Vol 1 No 1 (2010): WTO and the Third World
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DOI: 10.22146/jwts.v1i1.778
This paper examines the impact of unbalanced economic growth upon countries’ dynamic trade specialization. Firstly, we identify theoretically the impact. Secondly, we construct an econometric model to investigate the impact. We employ revealed symmetric comparative advantage (RSCA) index as an indicator of trade specialization and coefficient of variation (CV) of sectoral output growth as an indicator of unbalanced economic growth. Thirdly, we apply empirically the model in the cases of Korea, Singapore, Indonesia and Malaysia. We conclude that domestic unbalanced economic growth has a positive and statistically significant impact on dynamic trade specialization in the cases of Indonesia and Malaysia, but not in the cases of Korea and Singapore. However, the world unbalanced economic growth has a statistically insignificant impact on the all selected countries’ dynamic trade specialization.
Political Economy of Regional Integration: Europe, East/Southeast Asia, Latin America Compared
Riza Noer Arfani
Journal of World Trade Studies Vol 1 No 1 (2010): WTO and the Third World
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DOI: 10.22146/jwts.v1i1.780
Despite resilient trends towards globalized economy, the post-cold war landscape of international political economic relations has been characterized by wide-ranging regional arrangements. The process predominantly aims at easing trans-border management in the frame of liberalizing economic (in terms mainly of trade) relations. The regionalization processes modeled after that of the European one highlight the development of regional integration elsewhere around the globe. East/Southeast Asian and Latin American regional arrangements in particular are among major examples. The establishment of AFTA (ASEAN Free Trade Area) covering 10 (ten) Southeast Asian countries which recurrently to be engaged with their East Asian neighboring partners (the so-called ASEAN+3) and MERCOSUR (Mercado Comun del Sur/the Common Market of the South) consisting of 4 (four) southernmost countries of South American continent is the milestone to further regional economic integration in each respective area.
The Impact of CAFTA Agreement on Trade, Challenge and Opportunities
Masyhuri
Journal of World Trade Studies Vol 1 No 1 (2010): WTO and the Third World
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DOI: 10.22146/jwts.v1i1.785
Main CAFTA (China ASEAN Free Trade area) has been started on 1 January 2010. The full CAFTA will be realized in 2015. It has political and economical motives. The free trade area is the world largest in term of population and the third largest in term of GDP (Gross Domestic Product). This paper discusses the theoretical and possible impact of CAFTA on trade articularly in Indonesia. Some products will be exported and imported more. This will increase production of some products and decrease production of some other products. The final benefit results will be depended on the readiness of the country. Therefore there are suggestions to dig more benefit and to prevent losses. The promotion of some product, the protection of domestic production and increase the competitiveness of the country should be done.
Asean Economic Community 2015: Player or Spectator?
Mudrajad Kuncoro
Journal of World Trade Studies Vol 1 No 1 (2010): WTO and the Third World
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DOI: 10.22146/jwts.v1i1.786
Basically the blueprint of AEC is to build Asean Economic Community as an integrated area for the distribution of goods, services, investment, capital, and skillful work force. 2008 is the year to start establishing the area in that 2015 is expected to be the time for the implementation. It can be said that AEC is nonetheless AFTA plus. This article analyzes the methods and steps in realizing AEC. The question is, are we ready? Will we be the player ot the spectator in AEC 2015? Perhaps the myth of united ASEAN will vanish should AEC be really established. However, there must be some barriers in the ways of establishing AEC 2015. This article identifies the obstacles in both Indonesia and in ASEAN. There is a big gap among the ten members of ASEAN. As the commitment to carry out the programs of AEC heading a competitive economic area, Indonesia has issued two outputs: first, Government Regulation on the Ratification of Protocol to Implement the Third Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services (AFAS). Second, Government Regulation on the Ratification of Protocol to Implement the Fourth Package of Commitments under the ASEAN Framework Agreement on Services (AFAS).
Indonesia and the WTO Dispute Settlement System
Joseph Wira Koesnaidi;
Junianto James Losari
Journal of World Trade Studies Vol 1 No 1 (2010): WTO and the Third World
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DOI: 10.22146/jwts.v1i1.787
This paper discusses several issues in relations with Indonesia and its utilization of the WTO Dispute Settlement System as a Complainant or a Third Party. It is shown that Indonesia has not yet active using the WTO Dispute Settlement System to secure its trading rights under the WTO. Therefore, optimism on the future of Indonesia and WTO Dispute Settlement System should be built since the government sees the importance of WTO litigations for our national interests and due to the WTO is a rule-based system and its major achievement is to have an effective dispute settlement mechanism.
Coping with Environmental Standards in Trade: Indonesian Experience with Sustainable Palm Oil Debate
Maharani Hapsari
Journal of World Trade Studies Vol 2 No 1 (2011): Developing Countries in Global Trading System
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DOI: 10.22146/jwts.v2i1.799
Managing environmental standards as a form of environment-related trade barriers has become increasingly important for producing countries that are active participants in global commodity trading. Current international environmental standardization in trade, shows stronger tendency of convergence between sustainability criteria developed by the private sector and government regulations that apply in importing countries. Subsequently, such standards have overtime become guidelines for policy reforms in producing countries. To that end, the increasing role of private actors in pushing for higher environmental standards, has generated new dynamics in production-trade relations, which have overtime become increasingly complex. As a consequence, producing countries, now face multi-layered trade barriers before their products gain access to importing markets.
Estimating Demand of India and China for Indonesian Palm Oil Export
Ambiyah Abdullah
Journal of World Trade Studies Vol 2 No 1 (2011): Developing Countries in Global Trading System
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DOI: 10.22146/jwts.v2i1.800
There has been a shift in the destination of Indonesian palm oil exports from Europeanmarkets to India and China in recent years. This article aims to estimate the demand of these two countries for Indonesian palm oil exports. This article argues that price supporting policies play an important role behind the increase in the quantity of the demand for Indonesian palm oil exports. This article concludes that it is crucial to disaggregate palm oil data into crude palm oil data and refined palm oil products. This is because it can contribute significantly to improve the results of the price estimation and income elasticity of Indonesian palm oil export for both India and China.
Empowering Local Communities Through Traditional Knowledge Protection
Ayub Torry Satriyo Kusumo
Journal of World Trade Studies Vol 2 No 1 (2011): Developing Countries in Global Trading System
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DOI: 10.22146/jwts.v2i1.801
This article examines the current state of affairs with respect to local community empowerment through a traditional knowledge protection system in Indonesia, analysis of the potential impact of traditional knowledge protection management on the Indonesian economy, and making recommendations on the formulation and development of a new policy on the protection of traditional knowledge. The study is a doctrinaire research, and used a juridical approach. Secondary data were used , obtained largely through conducting a literature review of both printed and electronic materials publicly available in the library and internet. Content analysis technique based on deductive methods, was used in analyzing the data. The study came up with several findings. First, trade Related aspects of Intellectual Property Rights, Including Trade in Counterfeit Goods (TRIPs) Agreement as embodied in the provisions of the World Trade Organization (WTO) in 1994, succinctly show that Intellectual Property Rights issues are inseparable fromworld trade and investment. Secondly, protection system for traditional knowledge can be achieved by using laws that relate to Intellectual Property Rights (IPR) as well as non-IPR instruments, and using instruments other than laws. Thirdly, IPR is vitally important as it provides legal protection to commercial works.
The Turn towards Regional Trade Agreements: Is EAC Welfare Enhancing to Partner States?
Seth Omondi Gor
Journal of World Trade Studies Vol 2 No 1 (2011): Developing Countries in Global Trading System
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DOI: 10.22146/jwts.v2i1.802
This study attempts to assess the welfare effects of EAC on partner states in the backdrop of multiple memberships in different Regional Trade Agreements. Using UN COMTRADE databas at 6 digit level of aggregation with HS96 nomenclature, we estimate a number of trade indicator with a view to evaluating the composition of trade structures, trade flows, the degree of opennes of the economies, and the potential for trade diversion or creation, all of which have critical implications for EAC’s integration process. On the basis of these indicators, we find that EAC is welfare enhancing to partner states.
The Consultation with Experts Procedure in WTO Dispute Settlement System
Xin Xu;
Lei Zhang
Journal of World Trade Studies Vol 2 No 1 (2011): Developing Countries in Global Trading System
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DOI: 10.22146/jwts.v2i1.803
Followed the rules of WTO covered agreements became more and more technical, and more and more disputes involved the expertise in the field of science or technology, the consultation with experts procedure became increasingly important. However, although the Panel is authorized by the WTO rules to start such a procedure, there are no detailed rules guiding the Panel as how to operate in the practice. Under such a circumstance, the Panel had to establish the temporary rules for this procedure after consultation with the parties to the dispute in each case. Many problems relevant to the due process then arose from such temporary rules. This paper tries to analysis the major problems thereof that receiving the most controversy and accusation, and will give suggestions as for how to reform and perfect this procedure.