Brexit dan Dampaknya

Summary

The video discusses the impact of Brexit, the United Kingdom's exit from the European Union. It explains the reasons behind the UK’s decision, such as financial burdens and immigration concerns, and explores the consequences on trade, particularly with the EU. The UK’s exit affects its key trade relationships, with notable changes in its import and export dynamics. The video also touches on the limited impact Brexit has on Indonesia’s trade with the UK and highlights the potential for enhanced bilateral cooperation despite the UK leaving the EU.

Takeaways

• 😀 The European Parliament approved the UK's exit from the EU on January 31, 2020, officially ending the UK's 47-year membership in the Union.
• 😀 Brexit, short for 'British Exit,' refers to the UK's decision to leave the European Union due to financial and immigration concerns.
• 😀 The UK’s decision to leave the EU was driven by the financial burden of contributing £350 million per week to the EU and concerns over the free movement of people.
• 😀 The EU was a key trading partner for the UK, with countries like Germany, France, the Netherlands, and Ireland being the primary export destinations, constituting almost a third of UK exports.
• 😀 After Brexit, the UK faces uncertainties in trade relations with the EU, which may negatively impact both the UK's and the EU's economies.
• 😀 Indonesia's trade relations with the UK are relatively small, with the UK ranking as the 21st-largest trade partner, amounting to $2.7 billion in 2018.
• 😀 The total export value from Indonesia to the UK was $1.5 billion, while imports from the UK to Indonesia were worth around $1.2 billion.
• 😀 When comparing trade values, Indonesia's relationship with China is far larger, with a trade value reaching $25.8 billion in exports and $44.5 billion in imports in 2019.
• 😀 UK investment in Indonesia was modest, with a total investment of $271 million in 2018, which pales in comparison to investments from other countries like China and Singapore.
• 😀 Despite Brexit, Indonesia’s Foreign Minister assured that bilateral relations between Indonesia and the UK would not be affected, with continued opportunities for cooperation across various sectors.

Q & A

What was the primary reason for the UK leaving the European Union, as stated in the script?

The UK wanted to leave the European Union primarily due to two reasons: the financial burden of paying £350 million per week to the EU, and the issue of 'free movement' of people, which allowed immigrants to settle in the UK and put a strain on public services like healthcare.

What does 'Brexit' stand for?

Brexit is short for 'British Exit,' referring to the UK's decision to leave the European Union.

How long was the UK a member of the European Union before Brexit?

The UK had been a member of the European Union for 47 years before Brexit, having joined in 1973.

What were the economic implications of the UK's departure from the EU?

The UK's departure from the EU, or Brexit, had significant economic implications, including a potential decrease in trade performance between the UK and EU countries due to unclear post-Brexit trade regulations, which could also affect the broader European economy.

How important was trade with the EU to the UK before Brexit?

The EU was a key trading partner for the UK. Four out of the five largest export destinations for the UK were EU countries: Germany, France, the Netherlands, and Ireland, accounting for nearly a third of the UK's total exports.

What was the value of trade between Indonesia and the UK before Brexit?

The trade value between Indonesia and the UK was relatively modest. In 2018, the UK was the 21st largest destination for Indonesian exports and imports, totaling $2.7 billion. Indonesia exported about $1.5 billion to the UK, while imports from the UK amounted to $1.2 billion.

What was the impact of the Brexit referendum on Indonesia's trade with the UK?

The Brexit referendum had a noticeable negative impact on Indonesia's trade with the UK. The trade balance between the two countries declined sharply, particularly after the referendum in 2016, with the gap between exports and imports falling significantly by 2019.

How did Brexit affect the UK’s investment in Indonesia?

The value of UK investment in Indonesia was not very high. In 2018, the total UK investment in Indonesia was $271.1 million, with 483 projects, which dropped further to $65.3 million in the third quarter of 2019. This contrasts sharply with China's higher level of investment in Indonesia.

What did Indonesia's Foreign Minister say regarding the impact of Brexit on Indonesia?

Indonesia's Foreign Minister, Retno Marsudi, stated that despite the UK's exit from the EU, it would not affect the bilateral relationship between Indonesia and the UK.

What is the overall anticipated impact of Brexit on Indonesia, according to the script?

The overall impact of Brexit on Indonesia is expected to be minimal, given that Indonesia's trade and investment with the UK are not substantial compared to other countries. However, there remains potential for future cooperation between the two nations despite the UK leaving the EU.