The Influence Of Trade Wars And Protectionist Policies On The Level Of Compliance Of OIC Countries With Internasional Trade Law From An Islamic Economic Perspective 2015-2024

Radita Safitri; Asriani; Taufiqur Rahman

doi:10.62265/jcaip.v4i1.580

Authors

Radita Safitri Universitas Islam Negeri Raden Intan Lampung, Indonesia
Asriani Universitas Islam Negeri Raden Intan Lampung, Indonesia
Taufiqur Rahman Universitas Islam Negeri Raden Intan Lampung, Indonesia

DOI:

https://doi.org/10.62265/jcaip.v4i1.580

Keywords:

Compliance; International Trade Law; Islamic Economics; OIC Countries; Protectionism.

Abstract

Purpose: This study aims to examine the impact of trade wars and protectionist policies on the compliance of OIC countries with international trade law from an Islamic economic perspective during the period 2015–2024, specifically focusing on Indonesia, Malaysia, Turkey, and Saudi Arabia as sample countries. Methodology: This study uses a quantitative method by utilizing panel data analysis derived from secondary data sourced from the World Bank, WTO, and IMF. This analysis uses panel data regression and individual and joint hypothesis testing to explain the impact of independent variables on compliance with international trade law. Findings: The results show that trade wars and protectionist measures do not substantially affect the level of compliance of OIC countries. The low coefficient of determination indicates that the model's ability to explain changes in compliance is still limited. In an Islamic economic perspective, international trade compliance is shaped by the principles of respecting agreements (wafa bi al-ahd), justice (al-adl), and public benefit (al-mashlahah al-amanah) in trade relations between countries in a sustainable and consistent manner. This research is expected to be a consideration for OIC countries in formulating international trade policies that are more stable, fair, and in line with Islamic economic principles amidst the dynamics of global trade.

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