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PR Horta: Tibar Bay Port contributed to TL’s accession to ASEAN

PR Horta: Tibar Bay Port  contributed to TL’s accession to ASEAN

President of Democratic Republic of Timor-Leste, José Ramos Horta (Photo Tatoli/Antonio Daciparu)

Liquica, 12 september 2023 (TATOLI)—President of the Republic (PR), José Ramos Horta, considers Tibar Port to contribute greatly to Timor Leste’s accession to the Association of Southeast Asian Nations (ASEAN).

Horta said the function of the Tibar Port services currently was running very optimally: “Tibar Bay Port is an important part that contributes maximally to Timor-Leste’s economy and Timor-Leste’s membership in ASEAN. ASEAN demands us to provide infrastructure development, therefore Tibar port is one of the contributions to our membership in ASEAN,” Horta, told reporters at the port of Tibar, Liquica, on monday (11/ 09).

President Horta, really appreciated the good service of Tibar Port, after the construction process from 2014 to 2021.

“According to the data submitted by the Bolore company and Customs and Excise, it shows that the operational services at Tibar Port are very exciting,” he said.

Director General of the Customs Authority, José Abilio, informed that this year from January to August, Customs had generated revenues of $60.1 million.

“The budget comes from import taxes, selective taxes, sales, and others,” said José Abilio.

Meanwhile, Customs, recorded that most containers entered Tibar port, from various countries including Indonesia, Australia, Vietnam, and other country as well, with a total of 400 to 500 containers at once.

“Most recently we have applied a 2.5% tariff after the rectification budget was approved on August 29 and until September 3, we have applied a 2.5% tariff, not applying the old 5% tariff, so that the price of goods returns to the normal previous prices,” he added.

From the implementation of this law, selective tariffs such as sugar returned to 0, and tobacco which previously paid $10 thousand in taxes now return to $5 thousand.

The Government’s policy in reducing taxes aims to provide the ability of people to access buying and selling transactions to increase the growth of the economy in Timor-Leste.

 

Journalist : Camilio de Sousa 

Editor: Nelia B.

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