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I welcome the growing commerce relations between the 2 nations, and we’re dedicated to intensifying discussions on financial improvement within the border areas between NTT and Oecusse.
Jakarta (ANTARA) – The governments of Indonesia and Timor Leste are dedicated to creating the economic system within the border areas of East Nusa Tenggara (NTT) Province, Indonesia, and Oecusse Municipality, Timor Leste.
“I welcome the growing commerce relations between the 2 nations, and we’re dedicated to intensifying discussions on financial improvement within the border areas between NTT and Oecusse,” Indonesian President Joko Widodo (Jokowi) remarked.
Jokowi made the assertion on the joint press convention with Prime Minister of Timor Leste Taur Matan Ruak on the Bogor Presidential Palace, West Java Province, on Monday.
Oecusse is an exclave municipality of Timor Leste that’s surrounded by NTT Province.
Moreover, the Indonesian president emphasised the significance of financial cooperation between the 2 nations.
Therefore, the 2 nations agreed to encourage negotiations to ascertain a bilateral funding treaty to spice up improvement of the border areas.
Prime Minister Ruak’s go to on Monday is his third official go to to Indonesia. He had earlier visited Indonesia as president of Timor Leste in 2014 and 2015.
At as we speak’s bilateral assembly, 4 memoranda of understanding (MoUs) had been inked by the 2 nations within the economic system, training, and business sectors.
The Timor Leste prime minister arrived on the Bogor Presidential Palace at 9:55 a.m. Western Indonesian Commonplace Time (WIB).
Prior, Indonesian Overseas Affairs Minister Retno Marsudi and her Timor Leste counterpart, Adaljiza Albertina Xavier Reis Magno, met in Jakarta on January 11, 2023, to debate methods to accentuate financial cooperation and settle land boundaries between the 2 nations.
Moreover, the 2 ministers agreed to start discussions on a joint free-trade space settlement for the border industrial space between Oecusse Municipality and NTT Province.
Additionally they mentioned the significance of accelerating the completion of a Bilateral Funding Treaty and MoU on Communications and Informatics.
Through the go to of Timor Leste President Jose Manuel Ramos-Horta in July 2022, Jokowi said that the worth of Indonesia’s funding in Timor Leste had reached US$818 million within the banking, oil and gasoline, in addition to telecommunications sectors.
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