DILI, 17 april 2024 (TATOLI) – Martin Ventosa, representing a group of international investors, met with President of the Republic, Jose Ramos-Horta to discuss establishing a cacao production project in Ermera, one of Timor-Leste’s municipalities.
Both parties expressed confidence that this proposed partnership could yield positive results for Timor-Leste’s agricultural development.
The cacao project aims to create jobs and jumpstart a cacao production and export industry in the nation.
Ermera’s climate and soil conditions are well-suited for growing cacao, the primary ingredient in chocolate.
“With an infusion of international investment and expertise, Timor-Leste could potentially become a new source of high-quality cacao for world markets,” said in a statement.
President Horta welcomed the opportunity to diversify Timor-Leste’s agriculture sector and exports.
The Head of State highlighted the socio-economic benefits such a project could bring in terms of employment opportunities and income sources for local farmers.
“The government plans to work closely with Ventosa and his partners to facilitate the establishment of cacao production following appropriate feasibility studies,” the statement said.
Journalist: Camilio de Sousa
Editor: Filomeno Martins
