The Influence of Global Economic Integration on Indonesia's Compliance with International Trade Law in Maintaining Trade and Investment Stability
DOI:
https://doi.org/10.38035/gijlss.v3i3.607Keywords:
International Trade, International Organization, GlobalizationAbstract
This study discusses Indonesia's compliance with international trade law under globalization, economic integration, and domestic regulatory challenges. Compliance with international trade law is crucial for Indonesia to increase global market access, attract foreign investment, and strengthen the competitiveness of national products. Supporting factors for compliance include awareness of economic benefits, trade stability, and involvement in international trade organizations and agreements such as the WTO, ASEAN, and RCEP. On the other hand, there are inhibiting factors that include weak international law enforcement mechanisms and challenges in harmonizing national regulations with global trade standards. Globalization has accelerated Indonesia's integration into the world economy, demanding adjustments to trade policies to comply with international provisions despite challenges such as industrial competition and dynamics of domestic interests. International organizations, especially the WTO, play an essential function in ensuring Indonesia's compliance with trade law through monitoring and dispute resolution mechanisms. The compliance is driven by the basic principles of international trade law, such as non-discrimination, transparency, and fair trade, which require Indonesia to adjust its trade regulations to avoid sanctions and strengthen national economic stability. Thus, this study highlights that compliance with international trade law is not merely a legal obligation but a strategic step in maintaining Indonesia's position in the global economy and ensuring sustainable economic growth amidst the dynamics of international trade.
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