Presidential Regulation No. 3 of 2023 on Ratification of ASEAN Trade in Services Agreement (ASEAN Services Trade Agreement)

Country :

Indonesia

Year :

2023

Status :

Implemented

  • About the regulation: Ratifies ASEAN Trade in Services Agreement , including liberalization of the transport services sector.
  • Legally binding. Effective since January 16, 2023, still in effect
  • Supports the integration of the ASEAN economy in the transport services sector, enhancing market access for transport services among ASEAN member states.
  • AIPA Resolution relevance: Supports points 3 and 5 of the AIPA resolution on transport market integration and infrastructure investment incentives, liberalizing 72 air and sea transport subsectors with 67% foreign investment allowance
  • National Laws
  • AIPA Resolutions
  • Legal Instrument
  • Economic