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All Journal Global Review of Islamic Economics and Business
M. Taufik Ridho
UIN Sulthan Thaha Saifuddin Jambi, Indonesia
Economics, Econometrics & Finance

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The Impact of Comprehensive and Progressive Trans-Pacific Partnership Free Trade Agreement on Indonesian Economy Aris Munandar; Annisa Nur Salam; M. Taufik Ridho
Global Review of Islamic Economics and Business Vol 8, No 1 (2020)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2020.081-04

Abstract

Islamic law is inclined toward free trade and condemned imposing tariffs on trade with other states. Even when tariffs were imposed, they were imposed based on reciprocity. The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) is a free trade agreement to realize tariff elimination. CPTPP was signed by 11 countries in Santiago, Chile, on March 8, 2018, and this renewed agreement attracted Indonesia to join. This study analyzes the possible impact of CPTPP implementation on the Indonesian economy using the Global Trade Analysis Project (GTAP) model. We conduct a simulation to evaluate the impact of CPTPP on the Indonesian economy. The results show that the implementation of CPTPP leads to an increase in the real GDP and welfare of Indonesia. Also, the study found that CPTPP is beneficial to members. These results generally justify the elimination of tariffs promoted by Islamic law.
Co-Authors Aris Munandar Salam, Annisa Nur