Dezan Shira & Associates Singapore Engages with Timor-Leste’s Ambassador to Explore Collaborative Opportunities for Economic Growth

On November 20, 2024, David Stepat, Country Director of Dezan Shira & Associates in Singapore, and Amanda Lam, Consultant, had the honor of meeting with His Excellency Alexandre Tilman, Ambassador of Timor-Leste to Singapore. The meeting centered on exploring avenues for collaboration and supporting Timor-Leste’s economic development initiatives.

Timor-Leste: A Nation on the Rise

Timor-Leste, located in Southeast Asia, has made remarkable progress since gaining independence in 2002. The nation boasts abundant natural resources, including oil and gas reserves, and is actively working to diversify its economy to ensure long-term sustainable growth.

According to recent economic forecasts, Timor-Leste’s GDP is projected to grow by 3.1% in 2024 and 3.9% in 2025, with inflation rates expected at 3.4% in 2024 and 2.9% in 2025.

Spotlight on the Timor-Leste Business Forum

A key highlight of the discussion was the upcoming Timor-Leste Business Forum, set to take place in Singapore on December 2, 2024. This significant event aims to enhance bilateral trade relations and attract foreign investment to Timor-Leste. The forum will serve as a platform for business leaders, investors, and policymakers to engage in strategic discussions and explore investment opportunities in promising sectors such as:

• Tourism
• Agriculture
• Infrastructure Development

Engagement with TradeInvest Timor-Leste

In addition to the meeting with Ambassador Tilman, Dezan Shira & Associates had the privilege of hosting a delegation from TradeInvest Timor-Leste, led by Mr. Roberto Lai, Director of External Relations and Marketing. TradeInvest Timor-Leste is the national agency responsible for promoting and facilitating private investment and exports in Timor-Leste. The delegation’s visit aimed to strengthen partnerships and discuss potential collaborations to boost investment and trade between Timor-Leste and Singapore.

Supporting Timor-Leste’s Economic Aspirations

Dezan Shira & Associates is dedicated to supporting businesses and governments in emerging markets. Our team offers a range of services to help investors navigate the complexities of entering new markets, including:

• Market Entry Strategy
• Tax Advisory
• Regulatory Compliance
• Business Setup and Expansion

We look forward to participating in the Timor-Leste Business Forum and contributing to the strengthening of economic ties between Timor-Leste and Singapore.

Join Us in Exploring Opportunities

For businesses interested in exploring the exciting opportunities in Timor-Leste, the forum represents a unique chance to connect with key stakeholders and gain valuable insights into this growing market.

Contact our Singapore office to learn more about how we can assist with your business expansion plans in Timor-Leste and beyond.

More on ASEAN Briefing about Timor-Leste’s Opportunities:
Unlocking Prosperity: Key Reasons to Invest in Timor-Lest

 

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