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Country Highlights

Timor-Leste: Economic Development and Diversification

Timor-Leste is a small island nation located in Southeast Asia. The country has a population of around 1.3 million people and is one of the youngest nations in the world, having gained independence from Indonesia in 2002. Since then—Timor-Leste has been working hard to develop its economic condition and diversify its industries.

The economy of Timor-Leste is heavily dependent on oil and gas exports, which account for more than 90% of the country’s total exports. However— the government has recognized the need to diversify the economy and has taken steps to promote other industries such as: agriculture, tourism and fisheries. The country has a vast potential for agriculture, with fertile land and a tropical climate that is suitable for growing a wide range of crops.

The government has launched several initiatives to promote agriculture, including the establishment of agricultural cooperatives and the provision of training and support to farmers.

In addition to agriculture, the government is also promoting tourism as a key industry for economic development. Timor-Leste has a rich cultural heritage and a diverse range of natural attractions, including pristine beaches, coral reefs and rugged mountains. The government has launched several initiatives to promote tourism, including the development of infrastructure such as airports, roads, and hotels, and the establishment of a tourism promotion board.

Timor-Leste has a lot of potential for economic development and diversification. The country has a young and growing population, which provides a large workforce for businesses. The government has launched several initiatives to promote entrepreneurship and innovation and are including— the establishment of a business incubator and the provision of training and support to entrepreneurs. The country also has a strategic location in Southeast Asia, which makes it an attractive destination for foreign investors.

In addition to agriculture and tourism—the government is also promoting other industries such as fisheries and infrastructure development. The country has a long coastline and a rich marine ecosystem, which provides a vast potential for fisheries. The government has launched several initiatives to promote fisheries, including the establishment of a fisheries management plan and the provision of training and support to fishermen.

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Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

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