DILI, 8 december 2020 (TATOLI)- Government’s Ministry of Foreign Affairs and Cooperation joined by the Ministry of commerce and Industry opened the virtual Interface with the ASEAN Economic Community held at the Timor-Leste Foreign Affairs Office which will take place on 7-9 december.
The opening of the conference was led by the Vice-Minister of Commerce and Industry, H.E. Domingos Lopes Antunes, accompanied by Timor-Leste’s Senior Economic Official, Mr. Arcanjo da Silva, and Director-General for ASEAN Affairs, Ms. Milena Rangel.
During the meeting Timor-Leste has present the technical readiness for accession to the Asean, which was focused on Timor-Leste’s overall economic performance, as well as trade and investment policies.
“This was an opportunity for us to share the goals of our Strategic Development Plan, as well as our ongoing efforts on trade and investment facilitation that will prepare us for a more seamless transition into regional integration.” According to the press release access from MNEC.
at the second day of the ASEAN Economic Community Virtual Interface, the focused was on Timor-Leste’s performance and plans in different economic sectors – namely agriculture, tourism, transport, telecommunications and finance.
At this point Timor-Leste has shared its priorities for these sectors, and how the country is working towards compliance with the various ASEAN agreements and standards.
The country has also shared its findings on Timor-Leste’s human capacity-building and technical assistance needs based on development plans and the timelines for completion.
During the conference Timor-Leste received the positive inputs on its technical readiness, from The ASEAN SEOM leaders, officials from the ASEAN Sectoral Ministerial Bodies, the ASEAN Business Advisory Council and the ASEAN.
“We sincerely appreciate for the positive inputs from the ASEAN Economic Community (AEC)” it said
So far, the virtual meeting was organized between the ASEAN senior economy officials (SEOM) with Representatives of corresponding ministries, line agencies to supplement the assessment report prepared by the ADB and ASEC on the implication of Timor-Leste accession on ASEAN’s Economic Agreements.
Timor-Leste’s corresponding ministries and line agencies and private sector were also present during the opening session.