LAW, BUSINESS AND SOCIAL JUSTICE (IC-LBS 2016) ENCOURAGING A BETTER ASEAN COMMUNITY RELATIONSHIP

-, - (2016) LAW, BUSINESS AND SOCIAL JUSTICE (IC-LBS 2016) ENCOURAGING A BETTER ASEAN COMMUNITY RELATIONSHIP. In: Law, Business, and Social Justice (IC-LBSJ 2016), 16-18 June 2016, UAJY.

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Abstract

The ASEAN economic and trade liberalitazion had been done by the establishment of the ASEAN Free Trade Area (AFTA) based on the Agreement on the Common Effective Preferential Tariff Sceme Towards the Afta 1992, and then followed by the establishment of the ASEAN Economic Community (AEC) based on the Kuala Lumpur Declaration, December 2015. Basically, the ASEAN economic and trade liberalization was performed through the application of the principles of liberalism economic is the ideological belief in organizing the economy on individualist and voluntarist lines (laissez faire). The application of the liberalism economic principles has caused the economic free competition among the ASEAN countries, based on the Bangkok Declaration 1967 and the ASEAN Charter. Furthermore, most of the countries member of the ASEAN, such as Indonesia with Pancasila Economic are doing their national economic life based on socialist economic principle of competition in one hand, and the spirit of cooperation (solidarity) and social economic principles in the other hand, in implementing trade and economic liberalization among the ASEAN countries through the AFTA and the EAC. Some flexibilities and positive special treatments for the ASEAn low income countries shall be given in helping them to increase their economic capability

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