Indonesia, Timor-Leste agree to negotiate bilateral investment agreement | ASEAN

President of Indonesia Joko Widodo (right) and Prime Minister Timor read Taur Matan Ruak. (Source: tempo.co)

During a meeting on February 13 at Bogor Palace, Indonesian President Joko Widodo and Prime Minister Timor Leste Taur Matan Ruak agreed on a number of commitments, including the signing of an agreement. bilateral investment.

Speaking at a press conference, President Widodo said the two sides agreed to start negotiations on the above agreement to promote economic cooperation, especially the development of economic zones in the border area between East Nusa Tenggara province. (Indonesia) and the Ouecusse Special Administrative Region (Timor-Leste).

Mr. Widodo expressed his delight at the strengthening of road connectivity between the two countries following passenger transport company DAMRI opened the Kupang-Dili bus route in November 2022, and encouraged cutting logistics costs. sea ​​transport between these two neighboring countries.

[Indonesia thu hút lượng vốn FDI cao kỷ lục trong năm 2022]

The Indonesian President also announced that the two countries agreed to soon complete the demarcation of the land border this year for the remaining two sections, Noel Besi in Citrana district and Bidjael Suna in Oben district.

President Widodo emphasized that the completion of negotiations on the land boundary between the two countries is important to be able to start negotiations at sea, as well as promote the construction of border gates.

In June 2022, Indonesia and Timor Leste agreed to promote cooperation in border areas to contribute to improving the lives of the people of Oecusse bordering the easternmost districts of Indonesia including Kupang, Timor Tengah Utara, Belu. , and Malaka.

During the next state visit Indonesia President of Timor-Leste Jose Ramos-Horta in July 2022, the two sides signed four memorandums of understanding on agricultural cooperation, opening of cross-border bus routes, standardization and measurement, and technical cooperation. in the commercial sector.

Huu Chien (VNA/Vietnam+)

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