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CMoEA introduces an evaluation report on a Timor-Leste strategy to access the WTO

CMoEA introduces an evaluation report on a Timor-Leste strategy to access the WTO

(Photo/Media-MCAE)

DILI, 31 may 2022 (TATOLI) – The Coordinating Ministry for Economic Affairs (CMoEA) introduces an evaluation report on Timor-Leste’s accession planning strategy to the World Trade Organization (WTO) during the fourth Inter-Ministerial meeting with relevant Ministries.

The Coordinating Minister for Economic Affairs, Joaquim Amaral said the report had been carried out by experts from the CMoEA and would be submitted to the Council of Ministers to have guidelines for negotiating bilateral agreements with the WTO.

“We have submitted a proposal to become a member of the WTO, but to continue the negotiation process, the Government of Timor-Leste must have negotiation guidelines. Therefore, all the strategies and requirements of Timor-Leste’s WTO, CMoEA, and related Ministries have been completed. I will submit it to the Council Minister for approval before entering into a bilateral negotiating agreement with the WTO in Geneva,” said Minister Joaquim Amaral, told TATOLI at the Ministry of Foreign Affairs and Cooperation (MoFAC), Pantai Kelapa, Dili, Tuesday.

At the same place, the Coordinator of the Timor-Leste’s WTO Technical Team, Cezar Dias Quintas, said Timor-Leste has prepared a road-mapping strategy and will soon carry out the process of negotiating goods and services, market access, and non-agriculture and and the main products of Timor-Leste, to be marketed at the WTO.

“The government of Timor-Leste already has good policies and strategies to become a member of the WTO, therefore the WTO criteria must be met with support for goods and services, infrastructure, and the economy. Key products should be prioritized,” he said.

Quintas added, that based on the road mapping schedule, Timor – Leste will become a member of the WTO in February 2023 and now Timor – Leste is allowed to make adjustments following the procedures for implementing the WTO in Geneva.

Currently, the WTO has 164 members worldwide.

 

Journalist : Camilio de Sousa

Editor       : Nelia Borges

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