info:eu-repo/semantics/article
Business law and its effects on commercial transactions
Autor
Isretno Israhadi, Evita
Institución
Resumen
This study surveyed the Indonesian business law, import andjoint venture licensing regulations and found out how the law hasimplemented sweeping regulations imposing non-automatic importlicensing procedures. The study adopted a qualitative method approachemploying the inductive method of collecting data. As a result, theIndonesian business law even violated the WTO agreement byintroducing arbitrary regulations sanctioning imports in a few cases. Inconclusion, the government must also try to accelerate regulatoryreforms, particularly in services sectors where market restrictions havebeen shown to negatively affect trade in manufactured goods.