East Timor targets closer Asean-Greater Bay Area ties to spur economic growth
East Timor announced a strategy to strengthen economic links with ASEAN and China’s Greater Bay Area. The plan focuses on trade, investment and people‑to‑people exchanges to diversify the country’s economy. Officials hope the initiative will boost growth and reduce reliance on oil revenues.
- ▪East Timor’s government outlined a new policy to deepen ties with ASEAN member states and the Greater Bay Area of China.
- ▪The strategy targets increased trade, foreign investment in tourism, agriculture and digital sectors, and expanded educational and professional exchanges.
- ▪Officials said the effort aims to diversify the economy and lessen dependence on oil and gas exports.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.