Harmonization of Investment Provisions in Indonesia within the AEC (ASEAN Economic Community) Framework: Study in Riau Province
Evi Deliana, Emilda Firdaus, Nurahim Rasudin
Universitas Riau
Abstract
Riau is one of the provinces in Indonesia that borders directly with several ASEAN countries, besides that Riau has abundant natural resources and has the potential to manage to provide benefits for improving the welfare of the people of Riau, especially the local people. Almost all districts have the potential to find natural resources, such as coal, granite, kaolin and so forth, as well as plantation products such as oil palm, rubber and cocoa and various other investment potentials. After going through a long process, the implementation of the AEC (ASEAN Economic Community) cannot be resisted anymore and Indonesia must be prepared to face existing challenges, specifically in investment negotiations. The research method used is sociological legal research, and by using primary legal materials and secondary legal materials. The Riau Provincial Government has issued regional regulations aimed at encouraging investment in Riau, however, government regulations regarding other investments must be harmonious with the provisions of the AEC while taking into account national regulations and the interests and potential of the Riau Province.
Keywords: harmonization, investment, AEC, Riau Province
Topic: Law