Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(37)

Comparative Study on the Perception and Response of Singapore and Indonesia

In 2007 Indonesia introduced a new investment law aimed at making Indonesia more attractive to foreign investors. 

Indonesia is one of the few countries in the ASEAN that has promulgated a competition law and has established an independent agency in charge of competition policy – the Commission for the Supervision of Business Competition. 

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(35)

Comparative Study on the Perception and Response of Singapore and Indonesia

In 2007 Indonesia introduced a new investment law aimed at making Indonesia more attractive to foreign investors. Indonesia is one of the few countries in the ASEAN that has promulgated a competition law and has established an independent agency in charge of competition policy – the Commission for the Supervision of Business Competition.

Larger firms tend to have better knowledge about the existing FTAs and, in general, are more optimistic than smaller ones. This is true also with regard to the AEC.

 

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(40)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

This phenomenon may be associated with the unparalleled development history of the Singaporean economy in Southeast Asia. Actually, Singapore has been spotlighted much to reap the biggest pie of the AEC as the United States has benefited the most in the time of the NAFTA. 

Needless to say, Indonesia hasn't been sitting idle. As the largest market in the region, Indonesia has braced for this budding economic environment in its own way. The fact that Indonesia has already implemented a competition law would be an exemplary movement.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(34)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

Indonesia is one of the few countries in the ASEAN that has promulgated a competition law and has established an independent agency in charge of competition policy – the Commission for the Supervision of Business Competition. 

Larger firms tend to have better knowledge about the existing FTAs and, in general, are more optimistic than smaller ones. This is true also with regard to the AEC.