The Urgency of RCEP in the Development of Indonesia Investment Law

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Published Apr 30, 2022
DOI https://doi.org/10.15294/jllr.v3i2.55169

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Ega Prabandari Kusuma
Faculty of Law, Universitas Islam Indonesia
Siti Anisah
Faculty of Law, Universitas Islam Indonesia

Abstract

The problem of investment regulation in Indonesia has always been a major obstacle for domestic and foreign investors. This study was conducted to analyze the problem of investment regulation in Indonesia, especially in Law No. 11 of 2020 concerning Job Creation after the ratification of the RCEP Agreement, and the urgency of RCEP particularly for the development of investment law in Indonesia. This is normative research which used descriptive qualitative method to analyze the legal materials. The data was processed systematically based on legal principles. Although Law No. 11 of 2020 has impact on many amendments to the laws, but there are weaknesses in the regulation of investment, which are the lack of transparency, community participation, investment protection, fair and equal treatment implementation, and legal certainty. As long as the response to RCEP is good, the ratification of RCEP will open up opportunities for Indonesia to open market access. Therefore, Indonesian Government needs to remove some restrictions, support ease of doing business, change laws and regulations flexibly, and apply the principle of openness to the public.

Article Details

How to Cite
Kusuma, E., & Anisah, S. (2022). The Urgency of RCEP in the Development of Indonesia Investment Law. Journal of Law and Legal Reform, 3(2), 151-184. https://doi.org/10.15294/jllr.v3i2.55169
Issue
Vol 3 No 2 (2022): Various Approaches of Legal Reform in Indonesia and Global Perspective
Section
Research Article
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This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

All writings published in this journal are personal views of the authors and do not represent the views of this journal and the author's affiliated institutions. Author(s) retain copyrights under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0).

Author Biographies

Ega Prabandari Kusuma, Faculty of Law, Universitas Islam Indonesia

Ega Prabandari Kusuma is a student at Faculty of Law Universitas Islam Indonesia.

Siti Anisah, Faculty of Law, Universitas Islam Indonesia

Siti Anisah, Dr., S.H., M.Hum., is a  permanent lecturer of Faculty of Law Universitas Islam Indonesia since 2001. Some    of    his    recent   publications such as Perbandingan Pengaturan Penyelenggaraan Pendidikan Profesi Advokat (PPA) di Indonesia dan Amerika Serikat (Jurnal Arena Hukum, 2017), Klausula Pembatasan dan Pengalihan Tanggung Jawab Pialang Berjangka Dalam Kontrak Baku Pemberian Amanat Secara Elektronik On-Line (Jurnal Hukum Ius Quia Iustum, 2017), Batasan melawan Hukum dalam Perdata dan Pidana dalam Kasus Persekongkolan Tender (Jurnal Hukum Ius Quia Iustum, 2018), The Use of Per Se Illegal Approach in Proving the Price-Fixing Agreements in Indonesia (Jurnal Media Hukum, 2020), Analisis Penguasaan Pasar pada Pelayanan Jasa Bongkar Muat Petikemas oleh PT Pelindo III di Pelabuhan L. Say Maumere (Jurnal Hukum Ad Adl, 2021), Penerapan Private Enforcement dalam Penegakan Hukum Persaingan Usaha di Indonesia, Amerika Serikat dan Uni Eropa (Jurnal Penegakan Hukum Indonesia, 2021), Analisis Pasar Bersangkutan dalam Putusan KPPU (Studi Putusan Perkara No. 13/KPPU-I/2019 DAN 10/KPPU/-1/2016), (Jurnal Hukum Ad Adl, 2022), The Sui Generis Nature of Indonesia Investment Authority, Proceedings of the Second International Conference on Public Policy, Social Computing and Development (ICOPOSDEV 2021), Series: Advances in Social Science, Education and Humanities Research (Atlantis Press, 2022).

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