ASEAN-CHINA ECONOMIC DISPUTE IN THE AFTERMATH OF PCA RULING ON SOUTH CHINA SEA

Abstract

Purpose: This study aims to scrutinize existing economic dispute mechanisms between ASEAN and PRC which can promote fairness and effectivity. With examining PRC’s non-compliance to PCA awards in the South China Sea case, this article aims to link between the rule-breaking action of PRC (the territorial dispute) and the preventive action of ASEAN. Methodology: This research uses the juridical empiric method, which analyzes the dispute resolution legal framework between ASEAN and PRC. Main Findings: ASEAN and its legal instruments were not designed to provide a fair and effective dispute resolution mechanism that can prevent both PRC’s non-compliance to international law and ensure fairness in economic disputes. Implications/Applications: Organizational behavior is important for family businesses and due to the difficult environment faced by family businesses in order to be competitive in our country and in global markets; a good option for owners is to invest in organizational behavior as a market strategy. Novelty/Originality of this study: This study shows that the contest of ASEAN-China partnership mentioned proof that ASEAN and PRC are not yet completely separated because of the SCS issue. Based on it, a conviction should not drastically block the economic partnership of the two or destroy the bridges between different legal systems. Thus, the initiative will fundamentally promote peace and stability in the region.