The Possibility of Indonesia and United Kingdom to Form Free Trade Agreement After Brexit

DOI

10.2991/icot-19.2019.3How to use a DOI?

Keywords

Brexit, Free Trade Agreement, CGE model

Abstract

On June 23, 2016 held a referendum which resulted decision that United Kingdom or Britain determined to exit the European Union membership that we call Brexit. The exit of UK will absolutely impact UK’s trade with its trading partner including Indonesia. In connection with this issue we conducted a study to evaluate the possibility for trade cooperation between Indonesia and the UK with assumption that UK had officially left the European Union. By having the Game Theory model, the best strategy for Indonesia is by forming FTA with UK. Meanwhile for UK, based on the simulation, the alternative in forming FTA with Indonesia is the dominant strategy with positive output. The trade cooperation implication is not too significant for UK, so to drive the trade cooperation must be initiated from Indonesia.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Endah Ayu Ningsih
AU  - Fithra Faisal Hastiadi
AU  - Risna Triandhari
AU  - Leo Mualdy Christoffel
AU  - Fitri Tri Budiarti
PY  - 2019/09
DA  - 2019/09
TI  - The Possibility of Indonesia and  United Kingdom to Form Free Trade Agreement After Brexit
BT  - Proceedings of the International Conference on Trade 2019 (ICOT 2019)
PB  - Atlantis Press
SP  - 11
EP  - 15
SN  - 2352-5428
UR  - https://doi.org/10.2991/icot-19.2019.3
DO  - 10.2991/icot-19.2019.3
ID  - Ningsih2019/09
ER  -