2018 was a thrilling year that brought many uncertain occurrences. Some of them that attract world’s attention are the controversial policy made by the US President, Donald Trump, a potential nuclear crisis in North Korea, and the crisis in the Middle East and European Union. Like a series of stories, World Bank and International Monetary Fund (IMF) provided their prediction on the situation in 2019 which will be full of challenges and uncertainties. It is predicted that the newly elected congress within the presidency of Donald Trump, Brexit, as well as, Presidential election event in India, Indonesia, Nigeria and across Europe would influence the global economic condition during 2019.
World economic condition that was recorded not too encouraging in 2018 has forced the majority of countries to use a strict or protectionist policy in order to maintain economic stability. Some of the main influencing factors are the increase in The Fed interest rate, oil price increase, and US – China trade war. Such a condition resulted in the pressure towards the current account balance and exchange rate in many countries.
The escalation of the US and China trade wars that began in mid-2018 has also brought an impact to the slowdown in world trade performance, even the world economic growth in 2019 which was predicted by the IMF is only 3.5 per cent, lower than 2018’s prediction. The trade war began to be seen as a prolonged conflict and made the business actors in the two disputing countries started to divert their production or looking for supply chains into new places. The tensions of trade war was contagious and coupled with the economic crisis in Argentina, Turkey and Venezuela which have also created a number of geopolitical risks and contributed to negative sentiment for economic growth in developing countries.
In addition to global uncertainty, digitalization of industrial and social infrastructure is also increasingly spreading throughout the world and caused changes in the world trade landscape. Digital transformation such as Industrial Revolution 4.0 in Europe, Society 5.0 in Japan, and Smart Cities in Asia has been becoming the new industrial policy pillar. This transformation has resulted in various discoveries that have a wide impact on the socioeconomic life and people culture, even on relations between nations and between countries.
The Government of Indonesia has officially designated the Making Indonesia 4.0 as the response towards 4.0 Industrial Revolution. The Government of Indonesia has determined five prioritized industrial sectors that have a major contribution to the increase in Gross Domestic Product (GDP), exports and also employment within the Making Indonesia 4.0. These five sectors are Food and Beverage Industry, Textile and Garment Industry, Automotive Industry, Electronic Industry and Chemical Industry.
From the consumer side, there has also been a change in value as the concept of green economy and sustainability industries develops. Changes in product preferences and consumer consumption patterns have contributed to the changes in production processes and marketing strategies, especially for natural resource-based products and commodities, such as Crude Palm Oil (CPO) which becomes the base of Indonesia’s exports.
Having passed 2018 which was full of uncertainty and is now preparing to face the global economy that has not yet recovered, the Indonesian Government has actually made a number of policies in response to such a matter and taken various steps as a short and medium-term strategy so that the economy can grow steadily above 5 per cent in 2017 and 2018. However, the responses and strategies taken by the Indonesian Government are not enough to guarantee the resilience of the Indonesian economy amid increasingly complex global challenges.
As a response to various developments and problems related to the changes in the global trade environment that caused economic uncertainty, the Trade Analysis and Development Agency (BPPP) of the Ministry of Trade will hold The 3rd International Conference on Trade/The ICOT which theme is “The Changing Global Trade Environment: Responses and Strategies”. This event is an annual event of BPPP to collect, provide, and share the data and information as well as build a positive synergy and database with various stakeholders in trade sector.
The International Conference of Trade 2019 with theme “The Changing Global Trade Environment: Responses and Strategies” consists of 3 (three) sub themes which are:
(1) Business Strategies on Global Value Chain (GVC) Participation
(2) Trade Policy Response and Strategy
(3) Human Capital Productivity Development Strategies
1. To discuss the actual trade issues according to themes and sub-themes, both related to economic issues in general and particularly to trade policies in order to produce formulas and provide input and consideration to the Government, especially to the Ministry of Trade in the context of these issues-related decision making;
2. As a forum to give the appreciation to and as a media for scientific publication of the results of research/studies in the field of trade which are conducted by bureaucrats, researchers, academics, practitioners, and the public;
3. To build networking between bureaucrats, researchers, academics, associations, practitioners or business actors, and communities that have interest, attention and concern for the trade sector in supporting the development of Indonesia’s trade sector.
DoubleTree by Hilton Hotel Jakarta – Diponegoro
(1) The Announcement and Submission of Abstract: 1 April-15 May 2019
(2) The Announcement of Selected Abstract: 31 May 2019
(3) The Full Paper Submission: 1 June- 22 July 2019
(4) The Announcement and Submission of Paper Presentation: 9-30 August 2019
(5) The International Conference on Trade: 4 September 2019
Call for Papers
Authors are requested to submit abstract to the Organizing Committee by May 15, 2019. The papers should be written in English and must be between 4 to 5 pages.
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Abstract and Paper Submission
[IMPORTANT] To submit an abstract, authors must register first, then submit the abstracts by logging in to this site (menu “Submission System” then Login). The manuscript (full paper) can be submitted only after authors submit their abstracts. The whole submission process is done fully online (NOT by email) to guarantee smooth administration. Letter of Acceptance (LoA) and Letter of Invitation (LoI) can be downloaded directly from your account once your abstract is accepted to be presented at the conference.
The Proceedings of Previous Conference
Dr. Ir. Kasan, MM.
Prof. Dr. Agus Rahayu, M.P.
Prof. Dr. Ratih Hurriyati, M.P.
Prof. Dr. Ina Primiana, S.E., M.T.
International Scientific Committee
Prof. Dr. Carunia Mulya Firdausy, Indonesian Institute of Sciences, Indonesia
Prof. Dr. Fukunari Kimura, Economic Research Institute for ASEAN and East Asia (ERIA), Keio University, Japan
Dr. Firman Witoelar Kartaadipoetra, Australian National University, Australia
Dr. Siwage Dharma Negara, The Institute of Southeast Asian Studies, Singapore
Dr. Arianto A. Patunru, Australian National University, Australia
Dr. Novia Budi Parwanto, Statistic Indonesia, Indonesia
Dr. Kiki Verico, University of Indonesia, Indonesia
Dr. Maddaremmeng A. Panennungi, University of Indonesia, Indonesia
Dr. Fithra Faisal Hastiadi, University of Indonesia, Indonesia
Dr. Ernawati Munadi, The Australia-Indonesia Partnership for Economic Development (PROSPERA), Indonesia
Ir. Sri Nastiti Budianti, M.Si.
Dyah Ekowati Sulistyarini, S.H., M.Si.
Reni Kristina Arianti, S.P., MM.
Maulida Lestari, S.E., M.E.
Primakrisna Trisnoputri, S.IP., MBA.
Siti Sondari, BcHk., S.E.
Dewi Suparwati, S.Si.
Dwi Yulianto, S.Kom
Trade Analysis and Development Agency
Ministry of Trade Republic of Indonesia
M. I. Ridwan Rais Road, No. 5, Central Jakarta 10110 INDONESIA